Worth reading
25Immaterial
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
1200000
Consolidation into 1 share per 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 1,200,000 shares into 1 share
Stock Split RatioThis is not a stock split of 1 share into 1,200,000 shares, but a consolidation of 1,200,000 shares into 1 share. The effective date is 1 October 2026.
Procedures under the Corporate Code of Conduct
At the extraordinary general meeting of shareholders held on 28 August 2026, the proposals concerning the share consolidation and amendments to the Articles of Incorporation were approved and adopted. The Company plans to obtain court permission to sell fractional shares.
| Item | Details |
|---|---|
| Type of issuance or disposal | Share consolidation |
| Number of shares to be issued or disposed of | Consolidation of 1,200,000 shares into 1 share |
| Total number of issued shares | 9,754,972 shares → 8 shares |
| Stock Split Ratio | This is not a stock split of 1 share into 1,200,000 shares, but a consolidation of 1,200,000 shares into 1 share. The effective date is 1 October 2026. |
| Procedures under the Corporate Code of Conduct | At the extraordinary general meeting of shareholders held on 28 August 2026, the proposals concerning the share consolidation and amendments to the Articles of Incorporation were approved and adopted. The Company plans to obtain court permission to sell fractional shares. |
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 transaction is being carried out as part of a transaction ultimately intended to make the Company a consolidated subsidiary of Culture Convenience Club Co., Ltd., the tender offeror. In addition, because the total number of issued shares will become 8 shares following the share consolidation, it will no longer be necessary to specify a share unit.
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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.