Gendai Agency Decides to Cancel Treasury Shares

TOKYO, Jul 17 (Pulse News Wire) – Gendai Agency Inc. (2411.T) announced today that its board of directors has resolved to cancel treasury shares based on Article 178 of the Companies Act.

The cancellation involves 940,000 ordinary shares, representing 7.64% of the outstanding shares prior to cancellation. The cancellation is scheduled for July 24, 2026. Following the cancellation, the total number of outstanding shares will be 11,360,000.

Additionally, the company's treasury share count will drop to zero. This decision reflects adjustments made according to the June 26, 2026, announcement regarding the disposal of treasury shares as part of restricted stock compensation. Separately, Gendai Agency also disclosed plans to commence a new phase of treasury share acquisitions beginning July 21, 2026, as detailed in a separate announcement released on the same day.