Worth reading
31Immaterial
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
74100604
Reverse stock split of shares into 1 shareWording
Conditional
How definitive the wording is.Details of issuance or disposal
Share consolidation
発行・処分する株式数
Consolidation of 74,100,604 common shares into 1 share
Stock Split RatioThis is not a split of 1 share into 74,100,604 shares, but a consolidation of 74,100,604 shares into 1 share. The effective date is scheduled for 3 June 2026.
Procedures under the Corporate Code of Conduct
The proposal will be submitted to an extraordinary general meeting of shareholders scheduled for 12 May 2026. An independent special committee was established and an opinion report was obtained. All directors without conflicts of interest approved the proposal, and all audit & supervisory board members stated that they had no objections.
| Item | Details |
|---|---|
| Type of issuance or disposal | Share consolidation |
| Number of shares to be issued or disposed of | Consolidation of 74,100,604 common shares into 1 share |
| Total number of issued shares | 300,468,611 shares → 4 shares |
| Stock Split Ratio | This is not a split of 1 share into 74,100,604 shares, but a consolidation of 74,100,604 shares into 1 share. The effective date is scheduled for 3 June 2026. |
| Procedures under the Corporate Code of Conduct | The proposal will be submitted to an extraordinary general meeting of shareholders scheduled for 12 May 2026. An independent special committee was established and an opinion report was obtained. All directors without conflicts of interest approved the proposal, and all audit & supervisory board members stated that they had no objections. |
Items this document does not state (23)
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 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 the Company's sole shareholder and take the Company's shares private. By going private, the Company aims to maximize corporate value through faster decision-making, deeper business collaboration with companies in the Toyota Group, and medium- to long-term growth without being constrained by short-term earnings expectations.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.