Citizen Watch : Notice Regarding the Cancellation of Shares of Treasury Stock
June 21, 2023 at 04:39 am EDT
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English Translation
The Japanese original should be considered to be the primary version
June 21, 2023
For Immediate Release
Company name: Citizen Watch Co., Ltd. Representative: Toshihiko Sato, President and CEO (Code: 7762, Prime, Tokyo Stock Exchange) Please address inquiries to Toshiyuki Furukawa
Managing Director in charge of Public & Investor Relations Department TEL: +81-42-468-4934
Notice Regarding the Cancellation of Shares of Treasury Stock
(Cancellation of Shares pursuant to Article 178 of the Companies Act of Japan)
Citizen Watch Co., Ltd. (the "Company") hereby announces that at the Board of Directors meeting held today, it resolved to cancel shares of its treasury stock pursuant to the provisions of Article 178 of the Companies Act. Details are as follows.
Type of shares to be cancelled Common shares of the Company
Number of shares to be cancelled 48,000,000 shares
(Percentage of the total number of issued shares before the cancellation: 16.33%)
Scheduled date of cancellation June 30, 2023
(References)
The total number of issued shares after the cancellation will be 246,000,000 shares.
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Citizen Watch Co. Ltd. published this content on 21 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2023 08:38:34 UTC.
Citizen Watch Co., Ltd. is one of the world's largest watch manufacturers. Net sales break down by family of products as follows:
- watches and clocks (50.9%);
- industrial machines (21%): digital control lathes, machine tools, industrial robots, etc.;
- electronic devices (20.1%): electroluminescent diode microchips, quartz oscillators, electronic viewfinders, etc.;
- electronic equipment (6%): electronic thermometers, calculators, printers, medical equipment, etc.;
- other (2%): jewels, automotive components, etc.
CITIZEN WATCH CO., LTD. 
