Worth reading
30Immaterial
Scored from 4 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
1226872
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
発行・処分する株式数
Consolidation of 1,226,872 common shares into 1 share
Offering structure
Major shareholders after the offering
SENKO Group Holdings Co.,Ltd. and JX金属株式会社 (the specific ownership ratios after the share consolidation are Not disclosed)
Stock Split RatioConsolidation of 1,226,872 shares into 1 share. The effective date is scheduled for 8 June 2026.
Procedures under the Corporate Code of Conduct
Approval of the share consolidation proposal and related matters will be sought at an extraordinary general meeting of shareholders scheduled for 8 May 2026. An independent special committee has been established, and the Company has obtained its report and supplemental report. Six disinterested directors deliberated on the matter and approved it unanimously.
| Item | Details |
|---|---|
| Type of issuance or disposal | Reverse stock split, abolition of provisions on share units, and partial amendments to the Articles of Incorporation |
| Number of shares to be issued or disposed of | Consolidation of 1,226,872 common shares into 1 share |
| Total number of issued shares | 28,883,929 shares (after cancellation of treasury shares and before the effective date) → 23 shares (after the effective date) |
| Stock Split Ratio | Consolidation of 1,226,872 shares into 1 share. The effective date is scheduled for 8 June 2026. |
| Procedures under the Corporate Code of Conduct | Approval of the share consolidation proposal and related matters will be sought at an extraordinary general meeting of shareholders scheduled for 8 May 2026. An independent special committee has been established, and the Company has obtained its report and supplemental report. Six disinterested directors deliberated on the matter and approved it unanimously. |
| Major shareholders after the offering | SENKO Group Holdings Co.,Ltd. and JX金属株式会社 (the specific ownership ratios after the share consolidation are Not disclosed) |
Items this document does not state (22)
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 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.Because the tender offeror was unable to acquire all shares through the tender offer, the shareholders will be limited to the tender offeror and its affiliates, and the Company's shares will be taken private. As the total number of issued shares will be 23 following the share consolidation, the provision for share units will also be abolished.
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.