Komori
Share Issuance and Disposal6490PILLAR CorporationMachinery

Notice Regarding a Stock Split, Amendments to Portions of the Articles of Incorporation in Connection with the Stock Split, and the Shareholder Benefit Program

The company will split its common shares at a ratio of 3-for-1, with 31 December 2026 as the record date, increasing the number of shares outstanding from 25,042,406 to 75,127,218. It will also change the total number of authorized shares to 240,000,000, effectively expand eligibility for shareholder benefits, and adjust the annual limit for restricted stock compensation to 150,000 shares.

Worth reading
26Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
3
3 shares for every 1 share
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Stock Split

発行・処分する株式数

25,042,406 shares before the split; 50,084,812 shares added through the split; 75,127,218 shares after the split

Existing Shares and Increase
+200.00%Rate of increase
25,042,406 shares75,127,218Shares

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.

Stock Split Ratio3 shares for 1 share; effective date: 1 January 2027
Impact on Business Performance
The annual dividend forecast for the fiscal year ending March 2027 has been increased from ¥245 per share to ¥287 per share (¥143 interim dividend and ¥144 year-end forecast). The post-split year-end dividend forecast is ¥48 per share.
Details of issuance or disposal
ItemDetails
Type of issuance or disposalStock Split
Number of shares to be issued or disposed of25,042,406 shares before the split; 50,084,812 shares added through the split; 75,127,218 shares after the split
Total number of issued shares25,042,406 shares → 75,127,218 shares(3x (200% increase))
Stock Split Ratio3 shares for 1 share; effective date: 1 January 2027
Impact on Business PerformanceThe annual dividend forecast for the fiscal year ending March 2027 has been increased from ¥245 per share to ¥287 per share (¥143 interim dividend and ¥144 year-end forecast). The post-split year-end dividend forecast is ¥48 per share.
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 underwriterOverallotmentProcedures under the Corporate Code of ConductMost recent equity financingMajor shareholders after the offering

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 lower the investment unit, broaden the investor base and improve share liquidity. The change to the shareholder benefits program is intended to enable more shareholders to use the benefits and effectively expand the program.

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.
Notice Regarding a Stock Split, Amendments to Portions of the Articles of Incorporation in Connection with the Stock Split, and the Shareholder Benefit Program | PILLAR Corporation (6490) timely disclosure | Komori