Aichi Steel to cancel over 11 million treasury shares

Aichi Steel Corporation announced on August 28, 2025, a decision to cancel 11,915,928 shares of its common stock. This action represents 15.59% of the total issued shares before the cancellation. The scheduled cancellation date is September 5, 2025.

The company stated that the primary reason for this cancellation is to enhance shareholder returns and improve capital efficiency by eliminating treasury shares that currently have no intended use. Following the cancellation, the total number of issued shares will be reduced to 64,520,820 shares.

This move aligns with Aichi Steel's strategy to optimize its capital structure and deliver greater value to its shareholders.