Conversion of Class A Preferred Shares into Common Shares and Cancellation
First written in FY2026. 3 of 4 entries say "Achieved", first in 2026-05-14. Latest entry: 2026-06-30.
The whole theme swung hardest in 2025: 2 of 10 companies on the "Worse" side.
2 other companies' latest entry also says "Achieved".
- 2026-06-30AchievedGovernance
「(Total number of authorized shares and total number of authorized shares by class) Article 6. The total number of shares authorized to be issued by the Company shall be 100 million.」
The Articles of Incorporation amended on 25 June 2026 deleted the provisions concerning Class A preferred shares and reflected the change in capital structure following their conversion into common shares and cancellation. The amendment history states: “Amended on 25 June 2026.” - FY2026AchievedAnnual report
「On 1 April 2026, the acquisition request rights for 5,740,100 Class A preferred shares were exercised, and the same number of common shares was delivered as consideration. On 10 April 2026, the acquisition request rights for 500,100 Class A preferred shares were exercised, and the same number of common shares was delivered as consideration. As a result, all Class A preferred shares acquired by the Company were cancelled as of 30 April 2026.」
All 6,240,200 Class A preferred shares issued through a third-party allotment were converted into common shares upon the exercise of acquisition request rights in April 2026 and were all cancelled on 30 April. The reorganization of the capital structure following the capital enhancement through the issuance of class shares was completed.