Onward Holdings completes 16m share cancellation

Onward Holdings Co., Ltd. announced on October 16, 2025, the completion of its treasury share cancellation. The company cancelled 16,000,000 shares of common stock, representing 10.13% of the total outstanding shares before the cancellation. This action was resolved at a board of directors meeting held on October 2, 2025.

Following the cancellation, the total number of outstanding shares for Onward Holdings now stands at 141,921,669 shares. The initiative, led by president and chief executive Michinobu Yasumoto, aims to enhance shareholder value and optimize the company's capital structure.