Source disclosure: February 13, 2026
Fast Fitness Japan Incorporated [7092.T]
TOKYO — Fast Fitness Japan Incorporated announced on Monday that it has resolved to cancel its own shares held as treasury stock, according to a resolution made during a board meeting held today. The cancellation of these shares is contingent upon approval by shareholders at an extraordinary general meeting scheduled for March 19, 2026.
The company will be cancelling 70,240 ordinary shares, representing approximately 0.37 percent of the total issued and outstanding shares prior to cancellation. This figure includes both the current treasury stocks owned by the company as of January 28, 2026 (17,040 shares), and additional restricted share awards granted to directors under the company's equity incentive plan (53,200 shares). After rounding off to the third decimal place, this results in a total of 70,240 shares set for cancellation.
Following the cancellation, which is expected to take effect on April 21, 2026, the total number of issued and outstanding shares of Fast Fitness Japan will decrease from the current level to 18,700,940 shares. Additionally, the same extraordinary general meeting will also consider proposals related to a share consolidation ratio of one new share for every ten existing shares, effective from April 22, 2026, along with the abolition of the minimum unit holding requirement for shares.
These measures are part of broader restructuring efforts aimed at enhancing shareholder value and aligning the company’s capital structure more closely with strategic objectives.
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