TOKYO, May 20 (Pulse News Wire) – Sugimoto & CO.,LTD. (9932.T) resolved to cancel its own shares based on Article 178 of the Companies Act during its board meeting held .
The company intends to reduce its total number of self-held shares to approximately ５% of the outstanding share count, with excess shares generally subject to cancellation. The resolution includes the cancellation of 4,400,300 ordinary shares, representing 19.3% of the pre-cancellation outstanding share count.
The cancellation is scheduled for June 30, 2026. Following the cancellation, the outstanding share count will be reduced to 18,398,174.
This move aligns with the company's strategy to manage its self-held shares effectively and maintain optimal capital structure.
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