Nitto Denko to cancel 28m treasury shares

Nitto Denko Corporation, listed on the Tokyo Prime Market, resolved at a board of directors meeting on September 25, 2025, to cancel 28,101,050 shares of common stock. This represents 3.98% of the total number of shares issued before the cancellation, with the scheduled cancellation date set for October 15, 2025.

The decision aligns with the company's basic policy on treasury shares, which mandates holding repurchased shares for specific uses like executive remuneration and considering cancellation for any excess. The treasury shares increased due to repurchases conducted from February to August 2025 under Article 165 of the Companies Act of Japan.

Following this cancellation, the total number of shares issued by Nitto Denko Corporation will be 678,659,700 shares. The announcement was made by president Hideo Takasaki and contact person Yasuhiro Iseyama, senior executive vice president and director of corporate accounting & finance division.