Sanwa Holdings to cancel 0.9% of shares on Aug. 19

Sanwa Holdings to cancel 0.9% of shares on Aug. 19

Sanwa Holdings has announced that it will cancel 0.9% of its shares on August 19, 2025. This move comes as investors await Snail Inc's earnings report, scheduled for August 1, 2025. Snail Inc is expected to report a 20.3% increase in revenue for the period ending June 30, 2025, according to estimates [1].

The Culver City, California-based company is projected to report a quarterly revenue of $26 million, up from $21.61 million a year ago. Analysts anticipate a loss of 1 cent per share, with one analyst rating the shares as a "buy" [1]. Wall Street's median 12-month price target for Snail Inc is $4.00, which is about 71.5% above its last closing price of $1.14 [1].

Sanwa Holdings' decision to cancel 0.9% of its shares is part of a broader strategy to reduce its share count and potentially increase the value of remaining shares. The move is expected to have a positive impact on earnings per share, which could attract more investors to the company [2].

Investors are advised to closely monitor Snail Inc's earnings report and the market's reaction to the share cancellation announcement. The company's strong revenue growth and positive analyst ratings suggest a promising outlook, but the actual results and market sentiment will be crucial in determining the stock's performance.

References:
[1] Reuters. (2025). Snail Inc expected to post a loss of 1 cent a share earnings preview. Retrieved from https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TR2TB:0-snail-inc-expected-to-post-a-loss-of-1-cent-a-share-earnings-preview/
[2] Sanwa Holdings. (2025). Sanwa Holdings to cancel 0.9% of shares on Aug. 19. Retrieved from https://www.sanwaholdings.com/press-releases/2025/07/02/sanwa-holdings-to-cancel-0-9-of-shares-on-aug-19/