Glory Completes Share Repurchase Cancellation

TOKYO, Jun 30 (Pulse News Wire) – Glory Ltd. (6457.T) completed the cancellation of treasury shares repurchased based on Article 165(3) of the Companies Act, which was decided at the board meeting held on May 13, 2025.

The company canceled a total of 4,039,700 ordinary shares, representing 6.9% of the outstanding shares prior to cancellation. The cancellation was executed, reducing the total number of outstanding shares to 54,898,510.

The repurchase program, approved during the same board meeting, aimed to acquire up to 6,000,000 ordinary shares through open-market purchases on the Tokyo Stock Exchange within the period from May 14, 2025, to May 13, 2026, with a total acquisition value capped at ¥15.00 billion. This decision aligns with the company's strategy to manage its capital structure efficiently.

The cancellation of these treasury shares reflects Glory Ltd.'s ongoing commitment to shareholder value enhancement.