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    6073   JP3117350003

ASANTE INCORPORATED

(6073)
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Asante Incorporated : (Cancellation of Disclosed Matter) Notice Concerning Cancellation of “Disposal of Treasury Shares as Restricted Stock Compensation”

07/27/2021 | 02:10am EDT

News Release: Asante, Inc.

(6073 TSE1)

July 27, 2021

To whom it may concern

Company nameAsante, Inc.

(Code: 6073)

RepresentativeSei Miyauchi,

Chief Executive Officer

ContactYoshiyuki Nakao,

Director, General Manager,

Corporate Planning Department

(TEL: +81-3-3226-5511)

(Cancellation of Disclosed Matter) Notice Concerning Cancellation of "Disposal of Treasury Shares as Restricted Stock Compensation"

At the Board of Directors Meeting held on July 16, 2021, we resolved regarding the disposal of treasury shares as restricted stock compensation. However, due to inadequacies in the documents to be submitted to the Finance Bureau, we resolved to cancel this disposal at the Board of Directors Meeting held on July 27, 2021.

This resolution will have no impact on our business performance.

(For reference)

Excerpt from "Notice Concerning Disposal of Treasury Shares as Restricted Stock Compensation" announced on July 16, 2021.

1. Overview of the Disposal of Treasury Shares

(1)

Disposal date

August 11, 2021

(2)

Type and number of shares

11,200 shares of Common stock of Asante, Inc.

to be disposed

(3)

Disposal price

1,727 yen per share

(4)

Total value of shares to be

19,342,400 yen

disposed

(5)

Recipients of allocation and

Directors (excluding outside directors) : 5 ; 11,200 shares

the number thereof; number

of shares to be disposed

Disclaimer

Asante Incorporated published this content on 27 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2021 06:09:05 UTC.


ę Publicnow 2021
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Sales 2021 13 872 M 125 M 125 M
Net income 2021 1 063 M 9,60 M 9,60 M
Net cash 2021 6 028 M 54,4 M 54,4 M
P/E ratio 2021 20,1x
Yield 2021 3,34%
Capitalization 20 108 M 182 M 182 M
EV / Sales 2020
EV / Sales 2021 0,99x
Nbr of Employees 1 049
Free-Float 67,3%
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Sei Miyauchi President, CEO, Representative Director & GM-Sales
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Katsumi Uchida Independent Outside Director
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