Source disclosure: February 27, 2026, 15:30 JST
Sumitomo Bakelite Company,Limited [4203.T]
TOKYO, Feb 27 (Pulse News Wire) – Sumitomo Bakelite Company,limited (4203.T) resolved today during its board meeting to cancel treasury shares based on Article 178 of the Companies Act. According to the resolution, the company will cancel ordinary shares totaling 5,508,100 shares, which represents 5.87% percent of the outstanding shares prior to cancellation.
The total number of outstanding shares after cancellation will be 88,249,856 shares. The cancellation is scheduled to take place on March 24, 2026.
This action aligns with the provisions outlined in Article 178 of the Companies Act, aimed at managing the company's capital structure effectively.
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