Details of issuance or disposal
Reverse stock split, abolition of provisions on share units, and partial amendments to the Articles of Incorporation
Consolidation of 1,226,872 shares into 1 share
| 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 shares into 1 share |
| Total number of issued shares | 28,883,929 shares → 23 shares（Approximately 99.9999% decrease） |
| Stock Split Ratio | Share consolidation: 1,226,872 shares consolidated into 1 share; effective date scheduled for 8 June 2026 |
| Procedures under the Corporate Code of Conduct | At the extraordinary general meeting of shareholders held on 8 May 2026, proposals concerning the share consolidation and amendments to the Articles of Incorporation were submitted and both were approved as originally proposed. |
Items this document does not state (23)
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.The measures will be implemented as part of a series of transactions to take the Company's shares private and make the Company a consolidated subsidiary of SENKO Group Holdings Co.,Ltd. In addition, following the share consolidation, the provisions concerning the number of shares constituting one unit, the record date for the annual general meeting of shareholders, and the electronic provision system for general meeting materials will no longer be necessary.