Worth reading
25Immaterial
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
3377178
Reverse stock split of shares into 1 shareWording
Conditional
How definitive the wording is.Details of issuance or disposal
Reverse stock split, abolition of provisions on share units, and partial amendments to the Articles of Incorporation
Intended allottee
ムニノバホールディングス株式会社 (expected purchaser of fractional shares)
Offering structure
Major shareholders after the offering
Expected to be limited to ムニノバホールディングス株式会社
Stock Split RatioConsolidation of 3,377,178 shares into 1 share. Effective date: 14 October 2026 (scheduled)
Basis for determining the amount to be paid
The sale proceeds for fractional shares are expected to be set at ¥257 per share, the same amount as the ¥257 per share offered for the company’s shares in the tender offer.
Procedures under the Corporate Code of Conduct
The proposals concerning the share consolidation and amendments to the Articles of Incorporation were approved at the extraordinary general meeting of shareholders held on 10 September 2026.
| Item | Details |
|---|---|
| Type of issuance or disposal | Reverse stock split, abolition of provisions on share units, and partial amendments to the Articles of Incorporation |
| Intended allottee | ムニノバホールディングス株式会社 (expected purchaser of fractional shares) |
| Total number of issued shares | 17,371,308 shares (after cancellation of 605,292 treasury shares) → 5 shares |
| Basis for determining the amount to be paid | The sale proceeds for fractional shares are expected to be set at ¥257 per share, the same amount as the ¥257 per share offered for the company’s shares in the tender offer. |
| Stock Split Ratio | Consolidation of 3,377,178 shares into 1 share. Effective date: 14 October 2026 (scheduled) |
| Procedures under the Corporate Code of Conduct | The proposals concerning the share consolidation and amendments to the Articles of Incorporation were approved at the extraordinary general meeting of shareholders held on 10 September 2026. |
| Major shareholders after the offering | Expected to be limited to ムニノバホールディングス株式会社 |
Items this document does not state (21)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateExercise 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 financingImpact 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 transaction in which the tender offeror will be the sole shareholder, and the number of issued shares will become 5, eliminating the need to specify a share unit. In addition, the relevant provisions of the Articles of Incorporation will be deleted because the shares will be delisted following the share consolidation.
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.