TOKYO, Mar 13 (Pulse News Wire) – OVAL Corporation (7727.T) announced today that its board of directors, convened, resolved to cancel shares in accordance with Article 178 of the Companies Act. The cancellation involves 5,180,000 ordinary shares, representing 19.79% of the outstanding shares prior to cancellation.
The cancellation is scheduled to take place on March 31, 2026. Prior to the cancellation, as of February 28, 2026, the total number of issued shares was 26,180,000, with 5,819,521 being treasury shares, accounting for 22.23% of the issued shares.
Following the cancellation, the company expects the total number of issued shares to decrease to 21,000,000, while the treasury share count will drop to 639,521, or 3.05% of the issued shares.
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