Komori
Share Issuance and Disposal2180SUNNY SIDE UP GROUP Inc.Information and Communications, Services and Others

Notice Regarding Approval Resolutions on a Share Consolidation, the Abolition of the Provisions on the Number of Shares per Trading Unit, and Partial Amendments to the Articles of Incorporation

At an extraordinary general meeting of shareholders, resolutions approving the consolidation of 1,440,960 common shares into 1 share, the abolition of the provision on the number of shares constituting one unit, and amendments to the Articles of Incorporation were passed. As a result, the total number of issued shares will decrease from 14,811,344 shares to 10 shares, and the Company is scheduled to be delisted on 16 September 2026.

Worth reading
24Immaterial
Scored from 4 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
1440960
Reverse stock split of shares into 1 share
Wording
Conditional
How definitive the wording is.

Details of issuance or disposal

Share consolidation

Stock Split Ratio1,440,960 shares consolidated into 1 share; effective date: 18 September 2026 (scheduled)
Procedures under the Corporate Code of Conduct
At the extraordinary general meeting of shareholders held on 28 August 2026, the proposals for the share consolidation and amendments to the Articles of Incorporation were approved as originally submitted.
Most recent equity financing
Timing Resolution of the Board of Directors dated 16 June 2023 / Type 8th Stock Acquisition Rights / Amount Not disclosed
Details of issuance or disposal
ItemDetails
Type of issuance or disposalShare consolidation
Total number of issued shares14,811,344 shares → 10 shares
Stock Split Ratio1,440,960 shares consolidated into 1 share; effective date: 18 September 2026 (scheduled)
Procedures under the Corporate Code of ConductAt the extraordinary general meeting of shareholders held on 28 August 2026, the proposals for the share consolidation and amendments to the Articles of Incorporation were approved as originally submitted.
Most recent equity financingTiming Resolution of the Board of Directors dated 16 June 2023 / Type 8th Stock Acquisition Rights / Amount Not disclosed
Items this document does not state (23)
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 allotteeIntended 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 underwriterOverallotmentMajor shareholders after the offeringImpact 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 series of transactions intended to leave 株式会社アカツキ and 株式会社ネクストフィールド as the only shareholders. Following the share consolidation, the total number of issued shares will be 10, eliminating the need to specify the number of shares constituting one unit. In addition, certain provisions of the Articles of Incorporation will no longer be necessary following the delisting.

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Notice Regarding Approval Resolutions on a Share Consolidation, the Abolition of the Provisions on the Number of Shares per Trading Unit, and Partial Amendments to the Articles of Incorporation | SUNNY SIDE UP GROUP Inc. (2180) timely disclosure | Komori