Sinko Industries to cancel treasury stock, reducing outstanding shares

Sinko Industries Ltd. (TSE:6458) announced on October 23, 2025, that its board of directors resolved to cancel 4,830,705 shares of common stock. This cancellation is scheduled for November 6, 2025, and represents 6.24% of the total issued shares before the cancellation. Following this action, the total number of issued shares will be 72,543,000 shares.

This decision aligns with the company's previously announced policy from November 12, 2024, to cap treasury stock holdings at approximately 5% of its total issued shares and cancel any excess. The cancellation is executed under Article 178 of the Companies Act.

The company's chief executive officer, Satoshi Suenaga, and representative director Tokuji Aota confirmed the details of this strategic move, which aims to optimize the company's capital structure.