Osaki Electric to retire treasury stock, boosting shareholder value
Osaki Electric Co., Ltd. announced on September 16, 2025, a resolution to retire 1,350,000 shares of its common stock. This represents 2.80% of the outstanding shares before retirement.
Approved by the board of directors, this decision will reduce the total number of issued shares to 46,917,180. The planned retirement date for these shares is September 30, 2025.
The retirement of treasury stock is being conducted pursuant to Article 178 of the Companies Act. This action is expected to optimize the company's capital structure and enhance shareholder value.
The announcement was made by Yoshihide Watanabe, chairman and ceo, with inquiries directed to Ryuichi Ueno, director and senior managing executive officer, head of group strategy division.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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