Sanwa Holdings Announces Treasury Shares Cancellation

Sanwa Holdings (JP:5929) has released an update.

Sanwa Holdings Corporation has announced its decision to cancel 2 million of its treasury shares, which is equivalent to 0.87% of the total shares before cancellation, scheduled for October 18, 2024. Concurrently, the company will reverse a general reserve of ¥20 billion, facilitating flexible capital policies for future business environment changes. These actions are not expected to affect the company’s net assets or profit and loss.

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