Worth reading
25Immaterial
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
2120340
Share consolidation into 1 share for every [unspecified number] sharesWording
Conditional
How definitive the wording is.Details of issuance or disposal
Reverse stock split, abolition of provisions on share units, and partial amendments to the Articles of Incorporation
Stock Split RatioThe Company's shares will be consolidated at a ratio of 1 share for every 2,120,340 shares. Effective date: 10 August 2026 (scheduled)
Procedures under the Corporate Code of Conduct
At the extraordinary general meeting of shareholders held on 6 July 2026, Proposals 1 and 2 were approved as originally proposed
| Item | Details |
|---|---|
| Type of issuance or disposal | Reverse stock split, abolition of provisions on share units, and partial amendments to the Articles of Incorporation |
| Total number of issued shares | Undecided → 42 shares |
| Stock Split Ratio | The Company's shares will be consolidated at a ratio of 1 share for every 2,120,340 shares. Effective date: 10 August 2026 (scheduled) |
| Procedures under the Corporate Code of Conduct | At the extraordinary general meeting of shareholders held on 6 July 2026, Proposals 1 and 2 were approved as originally proposed |
Items this document does not state (24)
Number of shares to be issued or disposed ofIssue 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 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.The consolidation will be carried out as part of this transaction, which is intended to take the Company's shares private through a tender offer. Following the effective date of the share consolidation, it will no longer be necessary to specify the number of shares per unit, and the provisions relating to the electronic provision system will also no longer be necessary following the delisting.
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