Worth reading
31Immaterial
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
14768400
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 14,768,400 shares into 1 share
Stock Split RatioConsolidation of 14,768,400 shares into 1 share; effective date: 23 December 2026 (scheduled)
Procedures under the Corporate Code of Conduct
To be submitted to the extraordinary general meeting of shareholders scheduled for 2 December 2026. Establishment of an independent special committee, obtaining a share valuation report from a third-party valuation institution, and receiving advice from an independent law firm and financial adviser, among other measures.
| Item | Details |
|---|---|
| Type of issuance or disposal | Share Consolidation |
| Number of shares to be issued or disposed of | Consolidation of 14,768,400 shares into 1 share |
| Total number of issued shares | Undetermined → 2 shares |
| Stock Split Ratio | Consolidation of 14,768,400 shares into 1 share; effective date: 23 December 2026 (scheduled) |
| Procedures under the Corporate Code of Conduct | To be submitted to the extraordinary general meeting of shareholders scheduled for 2 December 2026. Establishment of an independent special committee, obtaining a share valuation report from a third-party valuation institution, and receiving advice from an independent law firm and financial adviser, among other measures. |
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.To achieve a going-private structure in which the tender offeror and Arai (新井氏) are the only shareholders and to enhance the corporate value of the group. Because the total number of issued shares after the share consolidation will be 2, the provision specifying the number of shares constituting one unit will be abolished, and the Articles of Incorporation will be amended to reflect the post-delisting structure.
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.