Idemitsu Kosan Co.,Ltd. [5019.T]
TOKYO, Apr 21 (Pulse News Wire) – Idemitsu Kosan CO.,LTD. (5019.T) announced today that its board of directors, convened , resolved to cancel shares based on Article 178 of the Companies Act.
According to the resolution, the company plans to eliminate a total of 65,529,800 ordinary shares, representing ５.１% of the outstanding shares prior to cancellation. The cancellation is scheduled to take place on April 30, 2026.
Following the cancellation, the number of outstanding shares will be reduced to 1,223,217,590. This action aligns with regulatory requirements and reflects the company's ongoing efforts to manage its capital structure efficiently.
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