Nitto Denko cancels 15.47 million shares: what it means for Nitto Denko stock
Published on 10/13/2026 at 05:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Nitto Denko resolved to cancel 15.47 million treasury shares on October 20, 2026.
- The cancellation equals 2.28 percent of issued shares and would leave 663.19 million shares outstanding.
- First-quarter fiscal 2027 revenue reached JPY 271.70 billion, up 10.30 percent year over year.
- Nitto Denko stock was last at EUR 20.36 at Lang & Schwarz on October 12, 2026.
Nitto Denko will cancel 15.47 million treasury shares on October 20, 2026, a move equal to 2.28 percent of issued shares. Japan IR reports that the decision was made on September 30, 2026, after repurchases increased Nitto Denko's treasury stock holdings.
What the cancellation means for Nitto Denko stock
The planned cancellation would reduce total issued shares to 663.19 million. Japan IR says the company intends to retain treasury shares with clearly defined uses and cancel the portion that exceeds those needs, making the action a capital-structure measure rather than a new share issue.
The cancellation ratio is smaller than the 15.50 million shares Nitto Denko repurchased in a buyback completed on August 20, 2026. MarketScreener also reported that the completed repurchase represented 2.31 percent of shares and amounted to JPY 50.00 billion.
Three dated milestones shape the picture
On July 28, 2026, Nitto Denko reported first-quarter fiscal 2027 revenue of JPY 271.70 billion, up 10.30 percent year over year, while operating profit rose 15.40 percent to JPY 49.20 billion, according to MarketScreener. On August 20, 2026, the company completed the JPY 50.00 billion repurchase, and on September 30, 2026, it resolved the 15.47 million-share cancellation.
What date comes next?
The next dated corporate action is October 20, 2026, when the cancellation is scheduled to take effect. The decision gives investors a concrete point for assessing the share count after the spring and summer repurchase program.
Stock remains a dated market reference
Nitto Denko stock was last at EUR 20.36 at Lang & Schwarz on October 12, 2026 at 10:57 p.m. CEST. The price is presented as a dated market reference because the latest quote is from the completed session before the publication date.
The further course of trading is shown by the continuously updated real-time quote of Nitto Denko stock.
Nitto Denko stock facts
- Company: Nitto Denko Corporation
- ISIN: JP3684000007
- Ticker: 6988.T
- Primary exchange: JPX
- Price Lang & Schwarz as of October 12, 2026, 10:57 p.m. CEST: EUR 20.36
- Sector / Industry: Specialty Chemicals
- Index membership: Nikkei Stock Average
Market context: Market report Nikkei 225.
