Nissan Chemical to cancel 1 million shares

Nissan Chemical Corporation announced today that its board of directors has resolved to cancel 1,000,000 shares of its own common stock, representing approximately 0.73% of the total outstanding shares prior to the cancellation. The decision was made in accordance with Article 178 of the Companies Act. The cancellation is scheduled to take place on March 12, 2025. Following the cancellation, the total number of outstanding shares will be 136,800,000, including treasury shares. The company cited Article 178 of the Companies Act as the basis for the cancellation of its own shares.