MegaChips to cancel 1.6m treasury shares, reducing outstanding stock

MegaChips Corporation (TSE:6875) announced its decision to cancel 1,605,500 shares of its common stock, effective December 26, 2025. This cancellation represents 7.8% of the company's total outstanding shares prior to the planned reduction. Following this action, the total number of outstanding shares will decrease to 19,046,900.

The resolution for this treasury share cancellation was made at a board of directors meeting held on May 14, 2025. This decision aimed to cancel all treasury shares acquired under the resolution from that same meeting. Further details regarding the execution of this cancellation will be provided upon completion of the treasury share acquisition.

The company's representative director and president is Satoshi Hikage, and inquiries can be directed to Yoko Araki, head of the finance department.