TOKYO, Jun 23 (Pulse News Wire) – Ftgroup CO.,LTD. (2763.T) resolved today during its board meeting to cancel all own shares based on Article 178 of the Companies Act.
The decision follows a share exchange agreement signed on March 31, 2026, with Kōtsūshō Co., Ltd., which stipulates Kōtsūshō's acquisition of all outstanding shares of FTGroup by August 1, 2026. Under the agreement, FTGroup will cancel all own shares held prior to the completion of the share exchange. This includes shares acquired through mandatory buyback requests pursuant to Article 785, Paragraph 1 of the Companies Act.
As of March 31, 2026, FTGroup held 613,193 own shares out of a total of 30,342,268 issued shares. The cancellation of own shares is scheduled for August 1, 2026, immediately preceding the final share exchange. This move aligns with legal requirements and ensures compliance with the terms set forth in the share exchange contract.
🟡 Confidence: Standard AI-translated content.