Megachips completes treasury stock cancellation, reducing outstanding shares

Megachips Corporation announced the completion of its treasury stock cancellation, effective December 26, 2025. This action follows a resolution passed by the board of directors on May 14, 2025, in accordance with Article 178 of the Companies Act. The cancellation involved 1,605,500 shares of the company’s common stock.

This cancellation represents 7.8% of the total outstanding shares before the completion. Following this reduction, the total number of outstanding shares for Megachips Corporation now stands at 19,046,900 shares. The announcement was made by president and chief executive Tetsuo Hikawa.