Worth reading
27Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
990000
Share consolidation into 1 share for every [unspecified number] sharesWording
Conditional
How definitive the wording is.Details of issuance or disposal
Share Consolidation
発行・処分する株式数
Consolidation of common shares at a ratio of 1 share for every 990,000 shares
発行済株式総数
Not applicable (the share consolidation will not change ownership percentages)
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.
Offering structure
Major shareholders after the offering
The tender offeror and the corporate shareholders that agreed not to tender their shares are expected to be the only major shareholders. However, their post-offering ownership percentages are Not disclosed
Stock Split RatioShare consolidation: 990,000 shares consolidated into 1 share. Effective date: 14 October 2026 (scheduled)
Procedures under the Corporate Code of Conduct
The proposal will be submitted to an extraordinary general meeting of shareholders scheduled for 10 September 2026. A special committee independent of the parties involved in the tender offer was established, and an opinion letter dated 8 May 2026 was obtained. The Company also obtained a share valuation report from an independent third-party valuation institution and advice from a law firm and a financial advisor. All 5 directors without conflicts of interest voted in favor.
| Item | Details |
|---|---|
| Type of issuance or disposal | Share Consolidation |
| Number of shares to be issued or disposed of | Consolidation of common shares at a ratio of 1 share for every 990,000 shares |
| Dilution Rate | Not applicable (the share consolidation will not change ownership percentages) |
| Total number of issued shares | 6,676,400 shares (after the cancellation of 923,600 treasury shares and before the share consolidation takes effect) → 6 shares (after the share consolidation takes effect)（Approx. 99.99991% decrease） |
| Stock Split Ratio | Share consolidation: 990,000 shares consolidated into 1 share. Effective date: 14 October 2026 (scheduled) |
| Procedures under the Corporate Code of Conduct | The proposal will be submitted to an extraordinary general meeting of shareholders scheduled for 10 September 2026. A special committee independent of the parties involved in the tender offer was established, and an opinion letter dated 8 May 2026 was obtained. The Company also obtained a share valuation report from an independent third-party valuation institution and advice from a law firm and a financial advisor. All 5 directors without conflicts of interest voted in favor. |
| Major shareholders after the offering | The tender offeror and the corporate shareholders that agreed not to tender their shares are expected to be the only major shareholders. However, their post-offering ownership percentages are Not disclosed |
Items this document does not state (21)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allotteeIntended allottee's holding policyBasis 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 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.To take the Company private through a two-step acquisition following the tender offer by EDIAND Co., Ltd., by implementing a squeeze-out of shareholders other than the tender offeror and the corporate shareholders that agreed not to tender their shares. Since the total number of issued shares will become 6, the share unit system will be abolished, and the Articles of Incorporation will be amended in connection with the delisting.
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.