Net One : Notice regarding cancellation of treasury shares
March 23, 2022 at 03:04 am EDT
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March 14, 2022
To whom it may concern:
Net One Systems Co., Ltd.
(Stock Code: 7518, TSE1)
Notice regarding cancellation of treasury shares
Net One Systems Co., Ltd. ("Net One Systems") hereby announces that at a meeting held on March 14, 2022, its Board of Directors resolved to cancel treasury shares as below, pursuant to Article 178 of the Companies Act of Japan.
Type of shares to be canceled: Shares of Net One Systems' common stock
Number of shares to be canceled: 2,732,700 (3.18% of total shares issued before cancellation)
Scheduled date of cancellation: March 31, 2022
Note: Total number of shares issued after the cancellation of treasury shares will be 83,267,300.
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Net One Systems Co. Ltd. published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 07:03:02 UTC.
Net One Systems Co.,Ltd. is a Japan-based company engaged in the system construction of information and communications technology (ICT) and related services. The Company operates in four segments. The ENT segment offers products and services to general private companies. The SP segment offers products and services to telecommunication companies. The PUB segment offers products and services to central ministries, municipalities and companies providing social infrastructure. The Partner segment offers specialized products and services in collaboration with partner companies. Other businesses include server services and others. The Company has two product groups, the equipment product group which is engaged in purchasing and sales of networks and platforms for ICT systems as well as service product group which provides support and services on equipment and systems.
NET ONE SYSTEMS CO., LTD. 
