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Share Issuance and Disposal2264MORINAGA MILK INDUSTRY CO.,LTD.Food

Notice Concerning a Stock Split, Partial Amendments to the Articles of Incorporation in Connection with the Stock Split, and the Shareholder Benefit Program

The Company will split each common share into 4 shares, increasing the total number of issued shares from 86,179,786 to 344,719,144. In connection with this, the total number of authorized shares will be changed to 1,152,000,000, and the terms of the shareholder benefit program are also scheduled to be reviewed.

Worth reading
24Immaterial
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Direction
Neutral
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Scale
258539358
Shares
Wording
Conditional
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Details of issuance or disposal

Stock split (4 shares for each common share)

発行・処分する株式数258,539,358Shares

Number of shares to be increased through the stock split: 258,539,358 shares

Total Stock-Based Compensation

The maximum number of restricted shares to be allocated to directors (excluding outside directors) in each fiscal year will be 120,000 shares from 1 July 2026.

Existing Shares and Increase
+300.00%Rate of increase
86,179,786 shares344,719,144Shares

Not disclosed (shareholding percentages will remain unchanged because this is a stock split)

The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.

Stock Split Ratio4 shares for each common share; effective date: 1 July 2026
Details of issuance or disposal
ItemDetails
Type of issuance or disposalStock split (4 shares for each common share)
Number of shares to be issued or disposed ofNumber of shares to be increased through the stock split: 258,539,358 shares
Dilution RateNot disclosed (shareholding percentages will remain unchanged because this is a stock split)
Total number of issued shares86,179,786 shares → 344,719,144 shares(300% increase)
Total Stock-Based CompensationThe maximum number of restricted shares to be allocated to directors (excluding outside directors) in each fiscal year will be 120,000 shares from 1 July 2026.
Stock Split Ratio4 shares for each common share; effective date: 1 July 2026
Items this document does not state (22)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allotteeIntended allottee's holding policyBasis 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 CoveredUnderwriter / lead underwriterOverallotmentProcedures under the Corporate Code of ConductMost recent equity financingMajor 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.

To lower the investment amount per unit and make the Company's shares more accessible to investors, thereby increasing share liquidity and broadening the investor base. With respect to the shareholder benefits, the Company will consider revisions so that the benefit amount and other terms for existing shareholders before the stock split will not be less favorable than under the current program.

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.
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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.
Notice Concerning a Stock Split, Partial Amendments to the Articles of Incorporation in Connection with the Stock Split, and the Shareholder Benefit Program | MORINAGA MILK INDUSTRY CO.,LTD. (2264) timely disclosure | Komori