Toho Gas Co., Ltd.
Notice Regarding Share Cancellation of Treasury Stock (Share Cancellation Based on Article 178 of the Companies Act)
Toho Gas Co., Ltd. announced the plan to cancel 6,653,300 shares of treasury stock (6.77% of the total issued shares) on March 31, 2026.
Key Figures
- Number of treasury shares to be cancelled: 6,653,300 shares (6.77% of total issued shares)
- Scheduled cancellation date: 2026-03-31
- Total number of issued shares after cancellation: 91,566,785 shares
AI要約
Overview of Capital Policy
At the Board of Directors meeting held on February 26, 2026, Toho Gas Co., Ltd. resolved to cancel 6,653,300 shares of treasury stock based on the provisions of Article 178 of the Companies Act. This represents 6.77% of the total issued shares prior to cancellation, with the scheduled cancellation date set for March 31, 2026. The total number of issued shares after cancellation will be 91,566,785 shares.
Relation to Stock Split and Impact on Shareholders
A 4-for-1 stock split effective April 1, 2026, is planned, and due to the treasury stock cancellation, the total number of issued shares after the stock split will change to 366,267,140 shares. This also alters the number of shares increased by the stock split, while the total number of authorized shares remains at 640,000,000 shares. For shareholders, adjustment of dilution rates will be conducted, which is expected to improve capital efficiency.
