Details of issuance or disposal
Share Consolidation
Consolidation of 2,306,800 common shares into 1 share
Not applicable (the share consolidation will not change ownership percentages)
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.
| Item | Details |
|---|---|
| Type of issuance or disposal | Share Consolidation |
| Number of shares to be issued or disposed of | Consolidation of 2,306,800 common shares into 1 share |
| Dilution Rate | Not applicable (the share consolidation will not change ownership percentages) |
| Total number of issued shares | 13,923,382 shares (after cancellation of 2,576,618 treasury shares) → 6 shares |
| Procedures under the Corporate Code of Conduct | At an extraordinary general meeting of shareholders, the proposals concerning the share consolidation and amendments to the Articles of Incorporation were approved as originally proposed |
| Major shareholders after the offering | The tender offeror and 湯沢 are expected to be the only major shareholders (ownership percentages: Not disclosed) |
Items this document does not state (22)
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 measures will be implemented as part of a series of transactions to make the tender offeror and 湯沢株式会社 the only shareholders of the Company. Following the share consolidation, provisions in the Articles of Incorporation concerning the share unit system, the record date for general meetings of shareholders and the electronic provision system will no longer be necessary.