Source disclosure: January 28, 2026
STAR MICRONICS CO.,LTD. [7718.T]
TOKYO — STAR MICRONICS CO., LTD. announced on January 28, 2026, that it has resolved to cancel its own shares based on Article 178 of the Companies Act following a board meeting held today. The company will proceed with this cancellation subject to approval by shareholders at an extraordinary general meeting scheduled for February 26, 2026.
The share cancellation is contingent upon the approval of a share consolidation proposal set to take effect on March 17, 2026, as detailed in the notice published by the company today regarding the extraordinary general meeting. This share consolidation plan aims to streamline the company's capital structure and enhance shareholder value.
STAR MICRONICS plans to cancel all of its own shares held as of the cancellation date, which is set for March 16, 2026. As of January 15, 2026, the total number of issued shares including treasury stocks stood at 48,481,334, out of which 530,202 were treasury stocks. The company’s president and CEO, Ei Sato, stated that these measures reflect the ongoing efforts to optimize the company's financial health and operational efficiency.
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