Worth reading
28Immaterial
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
2112184
Share consolidation into 1 share for every [unspecified number] sharesWording
Conditional
How definitive the wording is.Details of issuance or disposal
Share consolidation
Offering structure
Major shareholders after the offering
The major shareholders are expected to be limited to the tender offeror and the non-tendering agreement shareholders; ownership percentage: Not disclosed
Stock Split RatioShare consolidation ratio: 1 share for every 2,112,184 shares; effective date: 23 June 2026
Procedures under the Corporate Code of Conduct
At the extraordinary general meeting of shareholders held on 29 May 2026, the proposals for the share consolidation and amendments to the Articles of Incorporation were approved.
| Item | Details |
|---|---|
| Type of issuance or disposal | Share consolidation |
| Total number of issued shares | 8,749,019 shares → 4 shares |
| Stock Split Ratio | Share consolidation ratio: 1 share for every 2,112,184 shares; effective date: 23 June 2026 |
| Procedures under the Corporate Code of Conduct | At the extraordinary general meeting of shareholders held on 29 May 2026, the proposals for the share consolidation and amendments to the Articles of Incorporation were approved. |
| Major shareholders after the offering | The major shareholders are expected to be limited to the tender offeror and the non-tendering agreement shareholders; 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.The consolidation will be implemented as part of the transaction to exclude from the shareholder base all shareholders other than the tender offeror and the non-tendering agreement shareholders and take the Company private. In addition, following the consolidation, the total number of issued shares will be 4, eliminating the need to prescribe a number of shares constituting one unit.
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.