SAKATA INX CORPORATION [4633.T]
TOKYO, May 11 (Pulse News Wire) – SAKATA INX CORPORATION (4633.T) announced today that its board of directors, convened , resolved to cancel shares based on Article 178 of the Companies Act. The cancellation involves the company's ordinary shares totaling 4,172,361.
This represents 7.7% of the outstanding shares prior to cancellation. The cancellation is scheduled for May 29, 2026.
Following the cancellation, the total number of outstanding shares will be reduced to 50,000,000. This action aligns with the provisions outlined in Article 178 of the Companies Act, aimed at streamlining the company’s share structure.
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