Yamaha to cancel 28m treasury shares

Yamaha Corporation (TSE:7951) announced the cancellation of 28 million treasury shares following a resolution passed by its Board of Directors today. The cancellation, based on Article 178 of the Company Act, accompanies the completion of a share buyback program announced on February 5, 2025, and concluded on March 24, 2025. The shares to be cancelled are the company's common stock, representing 5.27% of the company shares issued before the cancellation. The cancellation is scheduled for April 1, 2025. Post-cancellation, the total number of issued shares will be 503 million.