Credit Saison to Cancel Treasury Shares Amid Financial Considerations

TOKYO, May 15 (Pulse News Wire) – Credit Saison CO.,LTD. (8253.T) announced today that its board of directors, convened, resolved to cancel treasury shares as part of its capital policy considerations.

The decision was made based on the progress of the fiscal year, anticipated financial conditions, and stock price trends. Specifically, the company plans to cancel ordinary shares amounting to 24,342,202 (representing 13.1% of the outstanding shares prior to cancellation). The cancellation is scheduled for May 29, 2026.

Following the cancellation, the total number of outstanding shares is expected to be 161,102,570. Additionally, the number of own shares held by the company post-cancellation is projected to be 16,110,257. This move reflects Credit Saison's strategic approach to managing its capital structure in alignment with its broader financial objectives.