TOKYO, Mar 13 (Pulse News Wire) – Morinaga Milk Industry CO.,LTD. (2264.T) announced today that its board of directors has resolved to cancel shares acquired under Article 178 of the Companies Act.
The cancellation will affect all ordinary shares purchased based on the resolution made during the board meeting held on May 13, 2025. According to the initial resolution passed on May 13, 2025, up to 148,900,000 ordinary shares could be acquired at a total cost not exceeding 14,890 million yen. The share repurchase program was set to run from May 14, 2025, to March 31, 2026, through open-market purchases on the Tokyo Stock Exchange.
Upon finalizing the number of shares to be canceled, Morinaga Milk will issue another notification. The cancellation is scheduled to take place on March 31, 2026. --- This decision follows the completion of the share buyback program initiated last year, which aimed to enhance shareholder value and optimize capital structure.
The company did not disclose further details regarding future plans but emphasized the importance of maintaining strong liquidity and financial health.
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