Source disclosure: March 06, 2026, 15:30 JST
Published by Pulse News Wire: March 06, 2026, 16:21 JST
GUNZE LIMITED [3002.T]
TOKYO, Mar 06 (Pulse News Wire) – Gunze Limited (3002.T) announced today that its board of directors, held on March 06, 2026, resolved to cancel 3,000,000 ordinary shares based on Article 178 of the Companies Act. This cancellation represents 8.67% of the outstanding shares prior to the action.
Following the cancellation, the total number of issued shares will decrease from 34,587,032 to 31,587,032. The share cancellation is scheduled to take place on March 31, 2026.
This decision reflects the company's ongoing efforts to manage its capital structure efficiently. The reduction in outstanding shares is expected to enhance shareholder value and streamline corporate governance.
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