Worth reading
78Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
699604
Reverse stock split of shares into 1 shareWording
Conditional
How definitive the wording is.Decision and Details
Board of Directors (meeting held on 4 August 2026); implementation is subject to approval at an extraordinary general meeting of shareholdersAdvance disclosure matters concerning the share consolidation
Decision4 August 2026 (resolution to submit the share consolidation proposal)
Implementation14 October 2026 (scheduled; effective date of the share consolidation)
Going forwardAn extraordinary general meeting of shareholders is scheduled for 16 September 2026; delisting is scheduled for 9 October 2026; treasury shares are scheduled to be cancelled on 13 October 2026; the share consolidation is scheduled to become effective on 14 October 2026; an application for the court's permission to sell fractional shares is scheduled to be filed in early November 2026; the shares are scheduled to be sold to Chubu Electric Power Company,Incorporated in late November 2026; proceeds from the fractional-share settlement are scheduled to be paid to shareholders in early January 2027
AmountTender offer price and reference amount for fractional-share settlement: ¥5,200 per share
Quantity / scale699,604 shares consolidated into 1 share; total number of authorized shares as of the effective date: 20 shares; 11,556 treasury shares scheduled to be cancelled on 13 October 2026
Reason
Taking the Company private with only the offerors as shareholders, deepening collaboration with MITSUBA Corporation and Chubu Electric Power Company,Incorporated, expanding business opportunities, human resources and management resources, and reducing the costs and administrative burden of maintaining the listing
Impact on Business Performance
Synergies are expected from the elimination of conflicts of interest, business expansion, more efficient use of management resources, and reductions in the costs of maintaining the listing, among other factors. The specific amount of the impact on financial results is Not disclosed.
| Item | Details |
|---|---|
| Matter Covered | Advance disclosure matters concerning the share consolidation |
| Decision-Making Body | Board of Directors (meeting held on 4 August 2026); implementation is subject to approval at an extraordinary general meeting of shareholders |
| Decision Date | 4 August 2026 (resolution to submit the share consolidation proposal) |
| Implementation Date | 14 October 2026 (scheduled; effective date of the share consolidation) |
| Amount | Tender offer price and reference amount for fractional-share settlement: ¥5,200 per share |
| Quantity / scale | 699,604 shares consolidated into 1 share; total number of authorized shares as of the effective date: 20 shares; 11,556 treasury shares scheduled to be cancelled on 13 October 2026 |
| Impact on Business Performance | Synergies are expected from the elimination of conflicts of interest, business expansion, more efficient use of management resources, and reductions in the costs of maintaining the listing, among other factors. The specific amount of the impact on financial results is Not disclosed. |
| Reason | Taking the Company private with only the offerors as shareholders, deepening collaboration with MITSUBA Corporation and Chubu Electric Power Company,Incorporated, expanding business opportunities, human resources and management resources, and reducing the costs and administrative burden of maintaining the listing |
| Governing Rule | Companies Act, Articles 180, 182-2, Paragraph 1, 234, Paragraph 2, and 235; Ordinance for Enforcement of the Companies Act, Article 33-9 |
| Related previous disclosures | 14 May 2026, “Notice Regarding the Expression of an Opinion in Favor of, and Recommendation to Tender Shares in, the Tender Offer for the Company's Shares by MITSUBA Corporation and Chubu Electric Power Company,Incorporated, the Controlling Shareholders, and the Execution of a Capital and Business Alliance Agreement with Chubu Electric Power Company,Incorporated”; 9 July 2026, “Notice Regarding the Results of the Tender Offer for the Company's Shares by MITSUBA Corporation and Chubu Electric Power Company,Incorporated, the Controlling Shareholders, and the Change in Major Shareholders”; 14 May 2026, “Notice Regarding Dividend of Surplus (No Dividend)” |
| Future plans | An extraordinary general meeting of shareholders is scheduled for 16 September 2026; delisting is scheduled for 9 October 2026; treasury shares are scheduled to be cancelled on 13 October 2026; the share consolidation is scheduled to become effective on 14 October 2026; an application for the court's permission to sell fractional shares is scheduled to be filed in early November 2026; the shares are scheduled to be sold to Chubu Electric Power Company,Incorporated in late November 2026; proceeds from the fractional-share settlement are scheduled to be paid to shareholders in early January 2027 |
Items this document does not state (1)
Period Covered
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.To take the Company private with only the offerors as shareholders, eliminate conflicts of interest, strengthen collaboration with MITSUBA Corporation and Chubu Electric Power Company,Incorporated, expand the business, utilize human resources and management resources, and reduce the costs of maintaining the listing.
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.