TOKYO, Apr 24 (Pulse News Wire) – Suruga Bank Ltd. (8358.T) announced today that its board of directors, held, resolved to cancel shares based on Article 178 of the Companies Act.
The bank plans to cancel ordinary shares amounting to 25,000,000. This represents 12.68% of the total outstanding shares prior to cancellation. The cancellation is scheduled to take place on May 14, 2026.
Following the cancellation, the total number of issued ordinary shares will be reduced to 172,139,248. This action aligns with the bank's strategic initiatives aimed at optimizing capital structure and enhancing shareholder value. Further details regarding the impact on shareholders will be communicated in due course.
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