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Itochu-Shokuhin Co., Ltd. ( (JP:2692) ) has issued an announcement.
Itochu-Shokuhin has resolved at its board meeting to cancel all treasury shares it holds as of May 21, 2026, under Article 178 of the Companies Act. The move is tied to Itochu Corporation’s planned cash-out and acquisition of all outstanding common shares, excluding those held by an Itochu-owned entity and existing treasury stock.
The cancellation, covering 33,232 treasury shares out of 12.72 million issued as of mid-April, is scheduled for the day immediately prior to Itochu’s full acquisition. This step streamlines the company’s capital structure ahead of its transition to effectively full ownership by Itochu, clarifying the share base for remaining stakeholders and simplifying the post-transaction equity framework.
More about Itochu-Shokuhin Co., Ltd.
Itochu-Shokuhin Co., Ltd. is a Japan-based food wholesaler operating on the Prime Market of the Tokyo Stock Exchange. The company focuses on the distribution and sale of food products, serving as part of the broader Itochu corporate network and playing a role in integrated food supply and logistics in the domestic market.
Average Trading Volume: 50,035
Technical Sentiment Signal: Buy
Current Market Cap: Yen163.8B
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