TOKYO, May 12 (Pulse News Wire) – Kureha Corporation (4023.T) resolved at its board meeting held, to cancel part of its own shares based on Article 178 of the Companies Act. According to the resolution, the company plans to cancel a total of 9,700,000 ordinary shares.
Following the cancellation, the outstanding share count will be reduced to 40,242,221. The cancellation is scheduled to take place on June 30, 2026. In addition, the company's board decided on a policy for holding its own shares.
The policy sets an upper limit of 5% of the total number of issued shares for self-held shares. Any excess self-held shares will generally be canceled. As of March 31, 2026, Kureha had 11,723,323 self-held shares out of a total of 38,218,898 outstanding shares excluding those held by the company itself.
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