TOKYO, Mar 19 (Pulse News Wire) – Hibiya Engineering,ltd. (1982.T) announced today that its board of directors, held, resolved to cancel own shares based on Article 178 of the Companies Act.
The company plans to cancel ordinary shares amounting to 1,756,321. This represents 7.39% of the total outstanding shares prior to cancellation. The cancellation is scheduled to take place on March 27, 2026.
Following the cancellation, the total number of outstanding shares will be reduced to 22,000,000. This decision reflects the company's ongoing efforts to optimize capital structure and enhance shareholder value. Further details regarding the impact of this action will be disclosed in due course.
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