Shinko Shoji Co., Ltd.
Notice Regarding Cancellation of Treasury Stock
Resolution to cancel treasury stock. Resolved at today’s Board of Directors meeting, with cancellation scheduled for October 30, 2026. Number of cancelled shares: 1,662,909 shares; total number of issued shares after cancellation: 29,347,657 shares. The cancelled shares include 1,401,209 shares currently held as treasury stock, 259,900 shares held by the trustee as trust assets for an executive stock compensation trust, and 1,800 restricted stock units, combined.
Key Figures
- Number of shares to be cancelled: 1,662,909 shares
- Total issued shares after cancellation: 29,347,657 shares
- Cancellation date: October 30, 2026
AI要約
Overview of Capital Policy
Based on a Board of Directors resolution, the company will cancel treasury stock currently held. As a precondition, approval at a extraordinary general meeting regarding a share consolidation with the effective date of November 2, 2026 is required, and the total number of issued shares after cancellation is expected to be 29,347,657 shares. The cancelled shares are based on the total of 1,401,209 shares currently held as treasury stock, 259,900 shares owned by the trustee as assets of the officers’ stock benefit trust, and 1,800 shares of restricted stock. Overall, this is a measure involving adjustments to the share issuance structure, with potential aims of preventing dilution and improving capital efficiency.
Future Schedule / Related Matters
Cancellation is scheduled for October 30, 2026, and includes shares that the company plans to acquire for free (including BB&T trust-related shares) by that date. Will be formally implemented if the extraordinary general meeting approvesit. In future disclosures, information on the impact on shareholders and dilution rate is expected to be provided.
Shinko Shoji Co., Ltd.
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