Aichi Steel completes major treasury share cancellation to boost shareholder value

Aichi Steel Corporation announced on September 5, 2025, the completion of its treasury share cancellation, effective the same day. This action, decided at a board of directors meeting on August 28, 2025, involved the cancellation of 11,915,928 shares of its common stock. This represents 15.59% of the total issued shares before the cancellation.

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 for Aichi Steel Corporation now stands at 64,520,820 shares.

This strategic move reflects the company's commitment to optimizing its capital structure and delivering greater value to its shareholders. The company confirmed the completion of this process in accordance with Article 178 of the Companies Act.