Worth reading
68In focus
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
1077299
LMI common stock deliveredWording
Definitive
How definitive the wording is.Decision and Details
Post-event disclosure matters relating to the share exchange
Decision9 September 2026 (date of execution of the share exchange agreement; date of approval by consent of all shareholders at SELF)
Implementation1 October 2026 (effective date; completed)
AmountIncrease in stated capital: ¥0; increase in retained earnings reserve: ¥0; capital reserve: an amount separately determined by LMI in accordance with Article 39 of the Ordinance on Company Accounting
Quantity / scale4,469,903 shares of SELF common stock and 561,798 Class A preferred shares transferred, and 1,077,299 shares of LMI common stock delivered. The exchange ratio was 0.1291419 shares of LMI common stock for each share of SELF common stock and 0.8900962 shares of LMI common stock for each SELF Class A preferred share.
Reason
To carry out a share exchange under which LMI would become the wholly owning parent company and SELF the wholly owned subsidiary
| Item | Details |
|---|---|
| Matter Covered | Post-event disclosure matters relating to the share exchange |
| Decision Date | 9 September 2026 (date of execution of the share exchange agreement; date of approval by consent of all shareholders at SELF) |
| Implementation Date | 1 October 2026 (effective date; completed) |
| Amount | Increase in stated capital: ¥0; increase in retained earnings reserve: ¥0; capital reserve: an amount separately determined by LMI in accordance with Article 39 of the Ordinance on Company Accounting |
| Quantity / scale | 4,469,903 shares of SELF common stock and 561,798 Class A preferred shares transferred, and 1,077,299 shares of LMI common stock delivered. The exchange ratio was 0.1291419 shares of LMI common stock for each share of SELF common stock and 0.8900962 shares of LMI common stock for each SELF Class A preferred share. |
| Reason | To carry out a share exchange under which LMI would become the wholly owning parent company and SELF the wholly owned subsidiary |
| Governing Rule | Article 791, paragraph 1, item 2; Article 801, paragraph 3, item 3; Article 783, paragraph 1; Article 784-2; Article 785; Article 787; Article 789; Article 795, paragraph 1; Article 796, paragraphs 2 and 3; Article 796-2; Article 797; Article 799 of the Companies Act; Article 190 of the Ordinance for Enforcement of the Companies Act; Article 161, paragraph 2 of the Act on Book-Entry Transfer of Corporate Bonds and Shares; and Article 39 of the Ordinance on Company Accounting |
| Related previous disclosures | Share exchange agreement dated 9 September 2026 (referenced in the text; title Not disclosed) |
Items this document does not state (4)
Decision-Making BodyPeriod CoveredImpact on Business PerformanceFuture plans
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.This is a post-transaction disclosure of the share exchange under the Companies Act and the Ordinance for Enforcement of the Companies Act, stating that the transaction was carried out under the share exchange agreement.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.