Source disclosure: January 07, 2026
SUMITOMO DENSETSU CO.,LTD. [1949.T]
TOKYO — Sumitomo Densetsu Co., Ltd., represented by Chairman Kyo Nishimura and listed on the Tokyo Stock Exchange Prime Market under code number 1949, announced today that its board of directors has resolved to cancel shares held as treasury stock based on Article 178 of Japan's Companies Act. The company disclosed this decision through a press release dated January 7, 2026.
The cancellation will affect 446,895 ordinary shares, which represent approximately 1.25 percent of the total issued shares prior to the cancellation. This figure is rounded off to the third decimal place. The cancellation is scheduled to take effect on March 4, 2026, contingent upon approval during the extraordinary shareholders' meeting set for February 9, 2026. The meeting will consider proposals related to share consolidation and the abolition of the minimum unit holding requirement, among other changes detailed in a previous press release dated January 7, 2026.
Following the cancellation, the total number of outstanding shares of Sumitomo Densetsu will be reduced to 35,188,984 shares. All 446,895 shares targeted for cancellation are currently owned by the company as treasury stock as of December 23, 2025.
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