Hokko Chemical to cancel 1m treasury shares to boost shareholder value

Hokko Chemical Industry Co., Ltd. has resolved to cancel 1,000,000 shares of its common stock, representing 3.5% of its total outstanding shares before the cancellation. This decision was made at a board of directors meeting held on October 28, 2025, in accordance with Article 178 of the Companies Act. The company aims to mitigate concerns regarding the dilution of future share value by cancelling a portion of its treasury shares.

The scheduled cancellation date for these shares is November 10, 2025. The 1,000,000 shares to be cancelled include 508,000 treasury shares acquired between July 14, 2025, and October 15, 2025, and 29,235 shares expected to be acquired by October 29, 2025, through a buyback from untraceable shareholders.

Following this cancellation, the total number of outstanding shares for Hokko Chemical Industry will be 27,485,531 shares.