Kansai Paint to cancel 8.9m shares

** Kansai Paint Co., Ltd. (TSE: 4613) announced plans to cancel 8,962,690 of its own shares, representing 4.79% of the company's outstanding shares before cancellation. The decision, made at a management meeting on March 21, 2025, aligns with the company's strategy to enhance capital efficiency and increase shareholder returns. The share cancellation, authorized under Article 178 of the Companies Act of Japan, is scheduled for March 31, 2025. Following the cancellation, the total number of issued shares will be 177,976,280. The company had previously acquired these shares and is now moving forward with their cancellation as part of its efforts to optimize its capital structure.