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K Line to Cancel 44.4 Million Treasury Shares, Cutting Its Count by Almost 7%

Kawasaki Kisen Kaisha's board has resolved to cancel the 44,429,000 treasury shares it bought back under a ¥130bn program, cutting its total issued shares by 6.95% to 594,743,067 when the cancellation takes effect on October 2, 2026.

By Tokyo Brief DeskSep 25, 20261 min readKawasaki Kisen Kaisha, Ltd.9107
Editorial illustration of a container ship and port cranes beside an abstract shrinking stack of share certificates, representing K Line's treasury share cancellation.

The cancellation

On September 25, 2026, Kawasaki Kisen Kaisha, Ltd. (K Line, TSE: 9107) told the Tokyo Stock Exchange it will cancel 44,429,000 shares of common stock under Article 178 of Japan's Companies Act. The cancellation is scheduled for October 2, 2026, and will remove 6.95% of the shares issued before the move, leaving 594,743,067 shares in issue once it takes effect.

Where the shares came from

The stock being retired is the entire tranche K Line bought back under a program its board approved on May 29, 2026. That program set a ceiling of ¥130bn and a share-count cap of 44,429,000 shares, running from June 1 to September 30, 2026, using a planned combination of off-market ToSTNeT-3 trades and ordinary purchases on the Tokyo Stock Exchange. K Line disclosed on September 18, 2026 that it had completed purchases up to the full 44,429,000-share limit.

The ¥130bn figure was the program's authorized maximum, not a confirmed total spend, and the notice does not state the exact price K Line paid for the shares. The cancellation itself has not yet occurred; it is scheduled for October 2, 2026.