Worth reading
30Immaterial
Scored from 4 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
10
Share consolidation (1 share for every 10 shares)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Share consolidation
発行・処分する株式数
509,156,000 shares before consolidation; 458,240,400 shares reduced through consolidation; 50,915,600 shares after consolidation (theoretical figure)
Terms of the stock acquisition rights
Exercise price
The exercise price of the Fifth Series Stock Acquisition Rights will be adjusted from ¥124 per share to ¥1,240 per share in connection with the share consolidation. No adjustment provision is stated.
Exercise period
Fifth Series Stock Acquisition Rights: from 1 July 2032 to 9 March 2036
Number of Stock Acquisition Rights
134,100 Fifth Series Stock Acquisition Rights (Not disclosed for the remaining unexercised rights)
Stock Split RatioShare consolidation: 1 share for every 10 shares, effective 1 November 2026. In the past, two share splits were conducted at a ratio of 10 shares for every 1 share of common stock.
Procedures under the Corporate Code of Conduct
Proposals concerning the share consolidation and amendments to the Articles of Incorporation will be submitted to the extraordinary general meeting of shareholders scheduled for 30 September 2026, subject to approval. Dissenting shareholders will be given the opportunity to exercise their appraisal rights from 12 October through 31 October 2026.
Most recent equity financing
Timing Payment date: 10 March 2026 / Type Fifth Series Stock Acquisition Rights (paid stock options) / Amount Not disclosed, Timing Payment date: 16 July 2025 / Type Series 4 Stock Acquisition Rights (with an exercise-price revision clause) / Amount Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Share consolidation |
| Number of shares to be issued or disposed of | 509,156,000 shares before consolidation; 458,240,400 shares reduced through consolidation; 50,915,600 shares after consolidation (theoretical figure) |
| Total number of issued shares | 509,156,000 shares → 50,915,600 shares（90% decrease） |
| Exercise price | The exercise price of the Fifth Series Stock Acquisition Rights will be adjusted from ¥124 per share to ¥1,240 per share in connection with the share consolidation. No adjustment provision is stated. |
| Exercise period | Fifth Series Stock Acquisition Rights: from 1 July 2032 to 9 March 2036 |
| Number of Stock Acquisition Rights | 134,100 Fifth Series Stock Acquisition Rights (Not disclosed for the remaining unexercised rights) |
| Stock Split Ratio | Share consolidation: 1 share for every 10 shares, effective 1 November 2026. In the past, two share splits were conducted at a ratio of 10 shares for every 1 share of common stock. |
| Procedures under the Corporate Code of Conduct | Proposals concerning the share consolidation and amendments to the Articles of Incorporation will be submitted to the extraordinary general meeting of shareholders scheduled for 30 September 2026, subject to approval. Dissenting shareholders will be given the opportunity to exercise their appraisal rights from 12 October through 31 October 2026. |
| Most recent equity financing | Timing Payment date: 10 March 2026 / Type Fifth Series Stock Acquisition Rights (paid stock options) / Amount Not disclosed, Timing Payment date: 16 July 2025 / Type Series 4 Stock Acquisition Rights (with an exercise-price revision clause) / Amount Not disclosed |
Items this document does not state (19)
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 paidTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentMajor 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.Following the share splits conducted in July and August 2025, the share price has been around ¥100 and the investment unit has been ¥10,000. As a result, a ¥1 price tick represents 1% of the share price, and the relatively large price fluctuations are undermining the stock's stability as an investment. The Company aims to adjust the investment unit to approximately ¥100,000 and thereby build a shareholder base with a medium- to long-term perspective and improve share-price stability.
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.