Dai Nippon Printing to cancel 30m shares

Dai Nippon Printing Co., Ltd. announced today that its board of directors resolved to cancel 30,000,000 shares of its own common stock, based on Article 178 of the Companies Act. This represents 5.41% of the total number of issued shares before the cancellation. The resolution was passed at a board meeting held on March 14, 2025. The cancellation is scheduled to take place on March 26, 2025. Following the cancellation, the total number of issued shares will be 524,480,692. The move is likely intended to improve shareholder value.