TOKYO, Mar 13 (Pulse News Wire) – R&D Computer CO.,LTD. (3924.T) resolved today to eliminate all treasury shares prior to its merger with East Asia System Sciences Co., Ltd.
The decision was made during a board meeting held, based on the provisions outlined in Article 178 of the Companies Act. The elimination of treasury shares is necessary due to the establishment of a joint holding company through a share exchange agreement between the two companies. According to the stock transfer plan dated November 13, 2025, the newly formed joint holding company will acquire all outstanding shares of both entities immediately preceding the completion of the share exchange on April 1, 2026.
As per the agreement, all treasury shares held by both companies must be eliminated at the baseline time, which is set for April 1, 2026. As of February 28, 2026, R&D Computer had 15,734 treasury shares out of a total of 17,967,900 issued shares. The company plans to eliminate all these treasury shares on April 1, 2026, in accordance with the agreed-upon timeline.
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