TOKYO, Mar 18 (Pulse News Wire) – Nankai Electric Railway CO.,LTD. (9044.T) announced today that it has decided to cancel its own shares based on Article 178 of the Companies Act.
According to the disclosure, the company will cancel ordinary shares totaling 4,936,700. This represents 4.35% of the total outstanding shares prior to cancellation. The cancellation is scheduled for March 30, 2026.
Following the cancellation, the total number of outstanding shares of Nankai Electric Railway will be 108,465,746. This action aligns with the provisions outlined in Article 178 of the Companies Act, which allows companies to cancel their own shares under certain conditions. The decision reflects the company's strategic approach to managing its capital structure.
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