Kokusai Electric to Cancel All Own Shares Acquired in May

TOKYO, Jun 17 (Pulse News Wire) – Kokusai Electric Corporation (6525.T) resolved today during its board meeting to cancel all own shares acquired based on the resolution made on May 13, 2026. The cancellation is scheduled for August 31, 2026, pending final confirmation of the number of shares and the exact cancellation date once the acquisition process concludes.

As of May 31, 2026, the total outstanding shares excluding treasury stock stood at 233,653,484. The company held 4,462,130 treasury shares prior to the acquisition.

On May 13, 2026, the board approved the repurchase of up to 1,500,000 ordinary shares (representing 0.6% of the outstanding shares excluding treasury stock). The total purchase amount was capped at ¥5.300 billion.

The repurchase was conducted through open-market purchases on the Tokyo Stock Exchange from May 14, 2026, to July 31, 2026, with all necessary decisions delegated to the president and CEO.