Details of issuance or disposal
Stock Split
Total number of issued shares before the stock split: 11,486,022 shares; number of shares to be increased through the stock split: 103,374,198 shares; total number of issued shares after the stock split: 114,860,220 shares
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 | Stock Split |
| Number of shares to be issued or disposed of | Total number of issued shares before the stock split: 11,486,022 shares; number of shares to be increased through the stock split: 103,374,198 shares; total number of issued shares after the stock split: 114,860,220 shares |
| Total number of issued shares | 11,486,022 shares → 114,860,220 shares（1,000% (10-fold)） |
| Stock Split Ratio | 10 shares for each share; effective date: 24 April 2026 |
| Procedures under the Corporate Code of Conduct | Resolved at a meeting of the Board of Directors held on 2 April 2026. The amendments to the Articles of Incorporation will also be implemented pursuant to a resolution of the Board of Directors held on the same date. Obtaining an opinion from an independent third party and confirming shareholder intent: 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.The purpose is to improve the liquidity of the common shares and broaden the investor base by lowering the investment unit amount and creating an environment that is more accessible for investment. The Company states that the relatively small number of issued shares and tradable shares may be causing an imbalance between supply and demand, increasing share price volatility, and expects the stock split to improve liquidity and stabilize price formation. Based on the average share price of ¥1,594 over the most recent three-month period, the theoretical share price after the split is expected to be approximately ¥159, and the negative impact on the share price level is expected to be limited.