Source disclosure: February 10, 2026
CAN ON ELECTRONICS INC. [7739.T]
TOKYO — Can on Electronics Inc., represented by President Ken Hashimoto and listed on the Tokyo Stock Exchange Prime Market under code number 7739, announced today that it has resolved to cancel its treasury shares based on Article 178 of the Companies Act (Law No. 86 of 2005, including subsequent amendments). The cancellation will take place subject to approval of a share consolidation proposal at the company's extraordinary shareholders' meeting scheduled for March 19, 2026.
The resolution was made during a board meeting held on February 10, 2026. According to the announcement, all treasury shares owned by the company as of April 22, 2026, will be canceled. The company also noted that this decision is contingent upon the successful passage of the proposed share consolidation plan detailed in the notice published by Can on Electronics on the same day regarding the upcoming extraordinary shareholders' meeting.
As of January 27, 2026, Can on Electronics held 1,304,729 treasury shares out of a total issued share capital of 42,206,540 shares. This move aims to streamline the company’s capital structure following the planned share consolidation, which is expected to enhance operational efficiency and shareholder value.
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