Details of issuance or disposal
Reverse stock split, abolition of provisions on share units, and partial amendments to the Articles of Incorporation
not applicable (share consolidation)
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 | Reverse stock split, abolition of provisions on share units, and partial amendments to the Articles of Incorporation |
| Dilution Rate | not applicable (share consolidation) |
| Total number of issued shares | Undecided → 4 shares |
| Procedures under the Corporate Code of Conduct | At the extraordinary shareholders meeting held on 13 November 2026, the proposals for the share consolidation and amendments to the Articles of Incorporation were approved and passed. |
| Major shareholders after the offering | Expected to consist only of the tender offeror and HTIO (ownership ratio: Not disclosed) |
Items this document does not state (23)
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.As part of a series of transactions to reduce the holdings of shareholders other than the tender offeror and HTIO to fractions of less than 1 share, leaving the tender offeror and HTIO as the company's only shareholders. In addition, after the consolidation, the total number of issued shares will be 4, eliminating the need to specify a unit share count, and the delisting will eliminate the need for the related provisions of the Articles of Incorporation.