Yokohama Rubber accelerates treasury stock cancellation, announces restricted stock plan

The Yokohama Rubber Co., Ltd. (TSE: 5101) announced it is accelerating the cancellation of 3,152,700 shares of its common stock. Originally slated for September 20, 2025, the cancellation is now scheduled for May 30, 2025, reflecting the company's successful repurchase progress. The canceled shares represent 1.86% of the company's outstanding shares before cancellation, leaving 166,396,381 shares issued after cancellation.