Worth reading
30Immaterial
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
618000
Reverse stock split of shares into 1 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 618,000 common shares into 1 share
Offering structure
Major shareholders after the offering
株式会社Orsay and 有限会社カツコーポレーション are expected to be the only shareholders. Ownership ratio: Not disclosed
Stock Split RatioThis is a consolidation of 618,000 shares into 1 share, not a conversion of 1 share into 618,000 shares. Effective date: 13 November 2026 (予定)
Procedures under the Corporate Code of Conduct
To be submitted to the extraordinary general meeting of shareholders scheduled for 20 October 2026. An independent special committee was established, and a third-party valuation institution, law firm and financial adviser were appointed. A written report was obtained from the special committee.
Impact on Business Performance
The company believes that reducing listing maintenance costs and allocating some of the resulting resources to human resource development will enable it to improve corporate value over the medium to long term. Following delisting, the company may no longer be able to raise funds through equity financing, but it does not currently anticipate such a need.
| Item | Details |
|---|---|
| Type of issuance or disposal | Share consolidation |
| Number of shares to be issued or disposed of | Consolidation of 618,000 common shares into 1 share |
| Total number of issued shares | Undetermined before the effective date → 14 shares |
| Stock Split Ratio | This is a consolidation of 618,000 shares into 1 share, not a conversion of 1 share into 618,000 shares. Effective date: 13 November 2026 (予定) |
| Procedures under the Corporate Code of Conduct | To be submitted to the extraordinary general meeting of shareholders scheduled for 20 October 2026. An independent special committee was established, and a third-party valuation institution, law firm and financial adviser were appointed. A written report was obtained from the special committee. |
| Major shareholders after the offering | 株式会社Orsay and 有限会社カツコーポレーション are expected to be the only shareholders. Ownership ratio: Not disclosed |
| Impact on Business Performance | The company believes that reducing listing maintenance costs and allocating some of the resulting resources to human resource development will enable it to improve corporate value over the medium to long term. Following delisting, the company may no longer be able to raise funds through equity financing, but it does not currently anticipate such a need. |
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 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 financing
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 make the company's shares private, with only the tender offeror and 有限会社カツコーポレーション as shareholders. In addition, because the total number of issued shares will be 14 after the consolidation, it will no longer be necessary to specify the number of shares constituting one unit. The company also cites the reduction of listing maintenance costs following delisting and the resulting ability to pursue improvements in corporate value over the medium to long term as reasons.
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.