TOKYO, Mar 13 (Pulse News Wire) – Tokyo Tekko CO.,LTD. (5445.T) announced today that its board of directors, held, resolved to cancel treasury shares based on Article 178 of the Companies Act.
According to the resolution, the company plans to cancel ordinary shares amounting to 920,000. This represents 9.82% of the outstanding shares prior to cancellation.
The cancellation is scheduled to take place on March 25, 2026. Following the cancellation, the total number of outstanding shares will be reduced to 8,445,305.
This decision aligns with the provisions outlined in Article 178 of the Companies Act, which allows companies to manage their share capital effectively.
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