Worth reading
78Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
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Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.Decision and Details
Administrator (under the supervision of the Tokyo District Court)Submission of a proposed rehabilitation plan
Decision9 September 2026
Period CoveredDuring the corporate reorganization proceedings and after the order approving the rehabilitation plan. Certain matters concerning the guarantee of shareholders' liquidation value apply through the end of March 2031.
Implementation9 September 2026 (proposed rehabilitation plan submitted)
Going forwardAround mid-September 2026, the court is expected to decide to refer the proposed rehabilitation plan to a vote; around late September, a public notice is expected to be issued specifying the record date for determining persons entitled to vote; around mid-October, the record date; from around late October to mid-November, voting by written ballot or other means; and around mid-November, an order approving the rehabilitation plan
Amount¥700 million to be retained by the group; the amount payable to shareholders will be calculated by comparing the estimated amount of residual assets upon liquidation and other factors with the appraised value of the shares.
Quantity / scaleNo 100% reduction of the capital represented by issued shares; issuance of shares and share acquisition rights planned; 3 directors, 3 audit & supervisory board members, and 1 accounting auditor entity planned to be appointed
Reason
To implement the rehabilitation plan in accordance with the Corporate Reorganization Act and pursue independent rehabilitation while maintaining the listing
Impact on Business Performance
The company aims to improve profitability, its financial position, and cash flow through business reforms, real estate sales, a debt-equity swap (DES), and other measures. No amount of impact on the current earnings forecast is stated.
| Item | Details |
|---|---|
| Matter Covered | Submission of a proposed rehabilitation plan |
| Decision-Making Body | Administrator (under the supervision of the Tokyo District Court) |
| Decision Date | 9 September 2026 |
| Implementation Date | 9 September 2026 (proposed rehabilitation plan submitted) |
| Period Covered | During the corporate reorganization proceedings and after the order approving the rehabilitation plan. Certain matters concerning the guarantee of shareholders' liquidation value apply through the end of March 2031. |
| Amount | ¥700 million to be retained by the group; the amount payable to shareholders will be calculated by comparing the estimated amount of residual assets upon liquidation and other factors with the appraised value of the shares. |
| Quantity / scale | No 100% reduction of the capital represented by issued shares; issuance of shares and share acquisition rights planned; 3 directors, 3 audit & supervisory board members, and 1 accounting auditor entity planned to be appointed |
| Impact on Business Performance | The company aims to improve profitability, its financial position, and cash flow through business reforms, real estate sales, a debt-equity swap (DES), and other measures. No amount of impact on the current earnings forecast is stated. |
| Reason | To implement the rehabilitation plan in accordance with the Corporate Reorganization Act and pursue independent rehabilitation while maintaining the listing |
| Governing Rule | Article 184, paragraph 1; Article 194, paragraph 1; Article 199, paragraph 1; Article 211, paragraph 4; the first sentence of Article 72, paragraph 4, and paragraph 5 of the Corporate Reorganization Act; the Financial Instruments and Exchange Act and other applicable laws and regulations |
| Related previous disclosures | "Notice Concerning the Filing of a Petition for Commencement of Corporate Reorganization Proceedings, the Order for Commencement, and the Presentation of a Rehabilitation Plan, among Other Matters," dated 8 May 2026; "Regarding the ‘Rehabilitation Plan of 株式会社トーシンホールディングス,’" dated 8 May 2026; "Update to the ‘Rehabilitation Plan of 株式会社トーシンホールディングス’ and Submission to the Tokyo Stock Exchange," dated 9 September 2026 |
| Future plans | Around mid-September 2026, the court is expected to decide to refer the proposed rehabilitation plan to a vote; around late September, a public notice is expected to be issued specifying the record date for determining persons entitled to vote; around mid-October, the record date; from around late October to mid-November, voting by written ballot or other means; and around mid-November, an order approving the rehabilitation plan |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To give concrete form to the rehabilitation plan in accordance with the corporate reorganization proceedings under the Corporate Reorganization Act. The company aims to maintain its listing, pursue independent rehabilitation, improve profitability, strengthen its financial position, and achieve stable business operations.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.