Worth reading
24Immaterial
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
7894651
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
Offering structure
Major shareholders after the offering
KAGA ELECTRONICS CO.,LTD. (Following the share consolidation becoming effective, the public tender offeror is expected to be the company's sole shareholder. Ownership percentage: Not disclosed)
Stock Split Ratio7,894,651 shares consolidated into 1 share; effective date scheduled for 2 November 2026 (Monday)
Procedures under the Corporate Code of Conduct
Approved at the extraordinary general meeting of shareholders held on 9 October 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 |
| Total number of issued shares | 29,347,657 shares → 3 shares |
| Stock Split Ratio | 7,894,651 shares consolidated into 1 share; effective date scheduled for 2 November 2026 (Monday) |
| Procedures under the Corporate Code of Conduct | Approved at the extraordinary general meeting of shareholders held on 9 October 2026 |
| Major shareholders after the offering | KAGA ELECTRONICS CO.,LTD. (Following the share consolidation becoming effective, the public tender offeror is expected to be the company's sole shareholder. Ownership percentage: Not disclosed) |
Items this document does not state (23)
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 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 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.This will be carried out as part of a series of transactions to make KAGA ELECTRONICS CO.,LTD. the company's sole shareholder and take the company's shares private. In addition, the total number of issued shares will become 3, eliminating the need to specify the number of shares constituting one unit.
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.