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Share Issuance and Disposal2686GFOOT CO.,LTD.Retail

Notice Concerning the Resolution Approving the Share Consolidation, the Abolition of the Provisions on the Number of Shares per Share Unit, and Partial Amendments to the Articles of Incorporation

The proposals concerning the consolidation of shares and amendments to the Articles of Incorporation were approved at the General Meeting of Shareholders. On 25 June 2026, the Company plans to consolidate 20,000,000 ordinary shares into 1 share, reducing the total number of issued shares from 42,568,529 ordinary shares to 2 shares. Delisting is also planned.

Worth reading
30Immaterial
Scored from 4 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
20000000
Reverse stock split of shares into 1 share
Wording
Conditional
How definitive the wording is.

Details of issuance or disposal

Share consolidation

発行・処分する株式数

Reduction of 42,568,527 ordinary shares (20,000,000 shares consolidated into 1 share)

Offering structure
Major shareholders after the offering
AEON CO.,LTD. is expected to be the sole shareholder (ownership percentage: Not disclosed)
Stock Split Ratio20,000,000 shares consolidated into 1 share; effective date: 25 June 2026
Procedures under the Corporate Code of Conduct
The proposals were submitted to this Annual General Meeting of Shareholders, Class Shareholders' Meeting 1 and Class Shareholders' Meeting 2, and all were approved as originally proposed.
Details of issuance or disposal
ItemDetails
Type of issuance or disposalShare consolidation
Number of shares to be issued or disposed ofReduction of 42,568,527 ordinary shares (20,000,000 shares consolidated into 1 share)
Total number of issued shares42,568,644 shares (including 42,568,529 ordinary shares, 50 Class A shares and 65 Class B shares) → 117 shares (including 2 ordinary shares, 50 Class A shares and 65 Class B shares)
Stock Split Ratio20,000,000 shares consolidated into 1 share; effective date: 25 June 2026
Procedures under the Corporate Code of ConductThe proposals were submitted to this Annual General Meeting of Shareholders, Class Shareholders' Meeting 1 and Class Shareholders' Meeting 2, and all were approved as originally proposed.
Major shareholders after the offeringAEON CO.,LTD. is expected to be the sole shareholder (ownership percentage: Not disclosed)
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 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.

To take the Company private and make AEON CO.,LTD., the controlling shareholder and parent company, the Company's sole shareholder. In addition, as there will no longer be a need to specify the number of shares constituting one unit after the share consolidation, the provisions specifying the number of shares constituting one unit will be abolished.

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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 the Resolution Approving the Share Consolidation, the Abolition of the Provisions on the Number of Shares per Share Unit, and Partial Amendments to the Articles of Incorporation | GFOOT CO.,LTD. (2686) timely disclosure | Komori