LY Corporation accelerates treasury share cancellation

LY Corporation announced on August 29, 2025, a change in the scheduled cancellation date for its treasury shares. This acceleration comes as the company's share repurchase, initially announced on June 30, 2025, was completed ahead of schedule. The board of directors resolved to move the cancellation date from October 31, 2025, to September 3, 2025.

The repurchase involved common shares, with the total number of shares to be cancelled confirmed at 63,400,000. This represents 0.89% of the total number of shares issued, excluding treasury shares. The total purchase amount for the repurchased shares was JPY32,296,783,132.

The share repurchase program, which commenced on July 1, 2025, and was originally scheduled to run until September 30, 2025, involved market purchases through the Tokyo Stock Exchange. The early completion allowed the company to expedite the cancellation process.