Worth reading
34Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
747603
Share consolidation ratio of 1 share for every 747,603 sharesWording
Conditional
How definitive the wording is.Details of issuance or disposal
Share Consolidation
Intended allottee
Proposed allottee
Offering structure
Major shareholders after the offering
The tender offeror and Mitsubishi Electric will be the only major shareholders (ownership percentages: Not disclosed)
Stock Split RatioConsolidation of 1 share for every 747,603 shares; effective date scheduled for 29 September 2026
Procedures under the Corporate Code of Conduct
Approved as originally proposed at the extraordinary general meeting of shareholders held on 25 August 2026
| Item | Details |
|---|---|
| Type of issuance or disposal | Share Consolidation |
| Intended allottee | Proposed allottee |
| Total number of issued shares | 8,733,440 shares (after cancellation of 236,560 treasury shares) → 11 shares (after the share consolidation) |
| Stock Split Ratio | Consolidation of 1 share for every 747,603 shares; effective date scheduled for 29 September 2026 |
| Procedures under the Corporate Code of Conduct | Approved as originally proposed at the extraordinary general meeting of shareholders held on 25 August 2026 |
| Major shareholders after the offering | The tender offeror and Mitsubishi Electric will be the only major shareholders (ownership percentages: Not disclosed) |
Items this document does not state (22)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateBasis for determining the amount to be paidExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentMost recent equity financingImpact on Business Performance
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The consolidation will be carried out as part of a transaction in which KINDEN CORPORATION will acquire all of the Company's shares, excluding the Company's treasury shares and the shares held by Mitsubishi Electric, ultimately making the Company a wholly owned subsidiary. Following the consolidation, the total number of issued shares will be 11, eliminating the need to prescribe a unit share size.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.