TOKYO, May 27 (Pulse News Wire) – GMS Group CO.,LTD. (544A.T) announced today that its wholly-owned subsidiaries, Nisseiki Seishi Kogyo Co., Ltd.
And TOYO Innovex Co., Ltd., resolved at their extraordinary shareholders' meetings held on May 27 to distribute all shares they hold in GMS Group through stock dividends. As part of this resolution, GMS Group will acquire approximately 1,539,419 shares of its own stock on May 28, 2026. Following the acquisition, the total number of outstanding shares excluding treasury shares is expected to decrease by 1,539,419. The total number of outstanding shares excluding treasury shares will be 69,391,669. This transaction does not fall under the provisions of Article 156(1) of the Companies Act, which would require application of Article 163 of the Companies Act.
Nisseiki Seishi Kogyo Co., Ltd. and TOYO Innovex Co., Ltd. will transfer ordinary shares to GMS Group via stock dividend. The total number of shares to be transferred is 1,539,419, representing 2.17% of the total issued shares. Prior to the share acquisition, GMS Group had a total of 70,934,220 outstanding shares, with 3,132 being treasury shares.
After the acquisition, the total outstanding shares will be 70,934,220, and the treasury shares will increase to 1,542,551, resulting in a net reduction of 1,539,419 outstanding shares excluding treasury shares.
🟢 Confidence: High AI-translated content.