Kokuyo Co., Ltd.
Notice Regarding Completion of Share Buyback Cancellation
Kokuyo Co., Ltd. canceled 22,000,000 shares of treasury stock (4.75% of total issued shares) as of 2025-12-25, resulting in a total of 440,969,852 shares issued.
Key Figures
- Number of Shares Cancelled: 22,000,000 shares
- Scheduled Cancellation Date: 2025-12-25
- Total Issued Shares Before Cancellation: Unknown
- Total Issued Shares After Cancellation: 440,969,852 shares (Decrease Rate: Unknown)
- EPS Improvement Effect: Unknown
- Acquisition Timing of Cancelled Shares: Unknown
AI要約
Overview of Treasury Stock Cancellation
Based on the resolution of the Board of Directors meeting held on 2025-11-27, Kokuyo Co., Ltd. canceled 22,000,000 shares of treasury stock as of 2025-12-25 in accordance with the provisions of Article 178 of the Companies Act. The canceled shares are common stock, and the ratio to the total issued shares including treasury stock before cancellation was 4.75%. The total issued shares after cancellation (including treasury stock) became 440,969,852 shares. As a treasury stock cancellation policy, based on the financial strategy and capital policy under the 4th Medium-Term Management Plan, the company aims to keep treasury stock holdings below 2% of total issued shares, and any excess is basically to be canceled at any time. Specific details such as acquisition timing and acquisition cost are not disclosed.
Purpose of Cancellation and Shareholder Value Enhancement Effects
The cancellation is part of the financial strategy and capital policy outlined in the 4th Medium-Term Management Plan, aiming to maintain an appropriate level of treasury stock holdings. Cancellation reduces the number of issued shares, which is expected to improve earnings per share (EPS) and increase shareholder value. This leads to enhanced capital efficiency and prevention of share dilution, benefiting investors as part of shareholder returns. However, specific quantitative effects on EPS improvement or shareholder value enhancement are not provided.
Impact on Financials and Stock Price and Future Policy
The recent treasury stock cancellation is expected to improve ROE and increase the theoretical stock price by reducing total issued shares. Going forward, in line with the 4th Medium-Term Management Plan, the company will manage treasury stock holdings aiming for less than 2% of total issued shares, and any excess will be canceled as needed. This approach strengthens shareholder returns as part of capital policy, aims to improve financial soundness, and seeks to maximize shareholder value.
