Source disclosure: February 24, 2026
NIRECO CORPORATION [6863.T]
TOKYO, Feb 24 (Pulse News Wire) – Nireco Corporation (6863.T) announced today that its board of directors resolved to cancel shares based on Article 178 of the Companies Act. The decision was made to align with the company's policy of holding own shares up to a ratio of 5% of total issued shares, with excess shares to be canceled within one year.
According to the resolution, Nireco will cancel 400,159 shares, representing 5.16% of the outstanding shares prior to cancellation. The cancellation is scheduled for March 17, 2026.
Following the cancellation, the number of outstanding shares will be reduced to 7,350,000 shares, while the remaining own shares will stand at 192,363, accounting for 2.62% of the post-cancellation total issued shares. This move reflects Nireco’s strategic approach to maintaining flexibility in capital management and preparing for potential employee stock incentives.
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