Tonami Holdings cancels treasury shares pending share consolidation

Tonami Holdings [TSE:9070] announced the cancellation of 688,005 treasury shares, representing approximately 7.05% of its pre-cancellation outstanding shares. This decision, made by the board of directors on May 1, 2025, is subject to shareholder approval at an extraordinary general meeting scheduled for May 30, 2025. The cancellation is conditional upon the approval of a share consolidation proposal, with an anticipated effective date of June 23, 2025. If the share consolidation is approved, the cancellation of the treasury shares is expected to occur on June 20, 2025, reducing the total number of issued shares to 9,073,006. The canceled shares are equivalent to the total treasury shares held by the company as of April 17, 2025.