TOKYO, Apr 27 (Pulse News Wire) – MCJ CO.,LTD. (6670.T) announced today that its board of directors has decided to cancel shares based on Article 178 of the Companies Act.
The cancellation will take effect on June 17, 2026, contingent upon approval of a share consolidation proposal scheduled for discussion at the extraordinary shareholders' meeting on June 18, 2026. The company plans to cancel a total of 7,596,780 ordinary shares, representing 7.46% of the outstanding shares prior to cancellation.
This includes all self-held shares totaling 7,266,780 as of April 14, 2026, and additional shares expected to be acquired through the company's stock grant trust (BBT) program up to June 17, 2026. Following the cancellation, the total number of outstanding shares will be reduced to 94,177,920.
The company notes that the figures mentioned are rounded off to the nearest thousandth place.
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