TOKYO, Apr 30 (Pulse News Wire) – Nippon GAS CO.,LTD. (8174.T) announced today that its board of directors has decided to cancel shares based on Article 178 of the Companies Act.
According to the resolution, the company will cancel ordinary shares amounting to 4,875,400. This represents 4.3% of the outstanding shares excluding treasury stocks. The cancellation is scheduled to take place on May 14, 2026.
As of March 31, 2026, the total number of outstanding shares excluding treasury stocks was 106,506,178. Additionally, the company held 6,321,020 treasury stocks, which includes 1,330,022 shares owned by the Executive Compensation BIP Trust. This action is part of the company's ongoing efforts to manage its capital structure effectively.
Following the cancellation, the total number of outstanding shares will be reduced to 107,951,798.
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