Worth reading
25Immaterial
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
300468607
Shares (decrease in the total number of issued shares)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Share consolidation
発行・処分する株式数
74,100,604 common shares consolidated into 1 share
Stock Split RatioShare consolidation resulting in fractions of less than 1 share. 74,100,604 shares will be consolidated into 1 share. The effective date is scheduled for Wednesday, 3 June 2026.
Procedures under the Corporate Code of Conduct
At the extraordinary general meeting of shareholders held on 12 May 2026, the proposals for the share consolidation and amendments to the Articles of Incorporation were approved and adopted as originally proposed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Share consolidation |
| Number of shares to be issued or disposed of | 74,100,604 common shares consolidated into 1 share |
| Total number of issued shares | 300,468,611 shares → 4 shares |
| Stock Split Ratio | Share consolidation resulting in fractions of less than 1 share. 74,100,604 shares will be consolidated into 1 share. The effective date is scheduled for Wednesday, 3 June 2026. |
| Procedures under the Corporate Code of Conduct | At the extraordinary general meeting of shareholders held on 12 May 2026, the proposals for the share consolidation and amendments to the Articles of Incorporation were approved and adopted as originally proposed. |
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.The share consolidation will be carried out as part of a series of transactions intended to make the tender offeror the Company's sole shareholder. As the total number of issued shares will become 4, a provision for share units will no longer be necessary. In addition, certain provisions of the Articles of Incorporation will no longer be necessary following the delisting, so the provision for share units will be abolished and the Articles of Incorporation will be amended.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.