News for Investors
Canon Marketing Japan Inc. to Acquire Own Shares
- (Under the provisions of its Articles of Incorporation pursuant to paragraph 1, Article 459, of the Corporation Law of Japan)
At the Board of Directors meeting held on October 23, 2012, Canon Marketing Japan Inc. (the Company)resolved to acquire its own shares under the provisions of its Articles of Incorporation pursuant to paragraph 1, Article 459, of the Corporation Law, as follows.
- (1)Reason for acquisition of own shares
- The Company decided to acquire its own shares with the aim of improving capital efficiency and ensuring a flexible capital strategy.
- (2)Details of acquisition
- (1)Type of shares to be acquired : Shares of common stock
- (2)Total number of shares to be acquired: Up to 5,300,000 shares (Equivalent to 3.86% of outstanding shares)
- (3)Total cost of acquisition : Up to 5 billion yen
- (4)Period of acquisition: From October 24, 2012 to December 20, 2012
Reference: Possession of treasury stock as of September 30, 2012
Number of outstanding shares(Excluding treasury stock) 137,335,627shares
Number of treasury stock 13,744,345shares