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Share Issuance and Disposal5484Tohoku Steel Co.,Ltd.Iron & Steel, Nonferrous Metals

Notice Regarding Approval Resolutions on the Share Consolidation, Abolition of the Share Unit System and Partial Amendments to the Articles of Incorporation

At the extraordinary general meeting of shareholders, the share consolidation of 631,000 shares into 1 share and the amendments to the Articles of Incorporation were approved. As a result, the total number of issued shares is expected to decrease from 7,427,759 shares to 11 shares, and the company is expected to be delisted on 19 October 2026.

Worth reading
28Immaterial
Scored from 4 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
631000
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

Consolidation of 631,000 shares into 1 share

Procedures under the Corporate Code of Conduct
At the extraordinary general meeting of shareholders held on 16 September 2026, Proposals 1 and 2 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 ofConsolidation of 631,000 shares into 1 share
Total number of issued shares7,427,759 shares (after cancellation of 122,241 treasury shares) → 11 shares
Procedures under the Corporate Code of ConductAt the extraordinary general meeting of shareholders held on 16 September 2026, Proposals 1 and 2 were approved as originally proposed.
Items this document does not state (24)
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 underwriterOverallotmentStock Split RatioMost 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 make the tender offeror and the remaining shareholders the only shareholders, as part of a series of transactions intended for the tender offeror to acquire all of the company’s shares and make the company a wholly owned subsidiary. In addition, because the total number of issued shares after the share consolidation will be 11, the provision specifying the share unit size will be abolished, and the related provisions of the Articles of Incorporation will be deleted in connection with the delisting.

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Notice Regarding Approval Resolutions on the Share Consolidation, Abolition of the Share Unit System and Partial Amendments to the Articles of Incorporation | Tohoku Steel Co.,Ltd. (5484) timely disclosure | Komori