Marvelous to Cancel Treasury Shares to Enhance Capital Efficiency

TOKYO, Jul 31 (Pulse News Wire) – Marvelous Inc. (7844.T) resolved at its board meeting held , to cancel treasury shares in accordance with Article 178 of the Companies Act to improve capital efficiency and enhance shareholder value.

The company plans to cancel a total of 5,003,341 ordinary shares, representing 8.04% of the outstanding share count prior to cancellation. This includes 372,641 out of the 1,372,641 treasury shares held as of March 31, 2026, and all 4,630,700 shares scheduled for acquisition on August 3, 2026. The cancellation is set to take place on August 6, 2026.

As of March 31, 2026, Marvelous Inc. had a total of 60,843,759 outstanding shares excluding treasury shares and held 1,372,641 treasury shares. Following the cancellation, the company expects to hold 1,000,000 treasury shares against a total outstanding share count of 56,213,059 excluding treasury shares.