To make the Company a wholly owned subsidiary following the tender offer by Kaga Electronics Co., Ltd., a proposal will be submitted to the extraordinary general meeting of shareholders to consolidate the Company's shares at a ratio of 1 share for every 7,894,651 shares, together with the related amendment to the Articles of Incorporation. The effective date of the share consolidation is 2 November 2026, and if completed, the Company is expected to go private.
Share Consolidation
Partial Amendments to the Articles of Incorporation
| Item | Details |
|---|---|
| Type of shareholders' meeting | Extraordinary general meeting of shareholders |
| Date and time | 9 October 2026 (Friday), 10:00 a.m. (doors open at 9:00 a.m.) |
| Matters for resolution | Proposal No. 1: Share Consolidation, Proposal No. 2: Partial Amendments to the Articles of Incorporation |
| Shareholder Proposal | None |
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.
To make Kaga Electronics Co., Ltd., the tender offeror, the Company's sole shareholder and make the Company a wholly owned subsidiary and take it private.