TOKYO, Mar 12 (Pulse News Wire) – Nippon Yusen Kabushiki Kaisha (9101.T) announced today that it has decided to cancel shares acquired based on resolutions made during its board meeting held on May 8, 2025. According to the decision, ordinary shares totaling 25,321,600 out of 434,101,600 outstanding shares prior to cancellation will be canceled on March 25, 2026, and the remaining shares will be canceled on May 29, 2026.
This move follows the company's resolution to generally cancel self-acquired shares obtained through the board's decision on May 8, 2025. As per the initial plan outlined in the previous announcement, the total number of shares acquired up until February 28, 2026, was 25,321,600.
Following the cancellations, the total number of outstanding shares post-cancellation remains undetermined but will be updated accordingly. The company’s representative director, Takaya Sokawa, stated that this action aligns with their strategy to manage capital efficiently.
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