#Consolidation

Anritsu Corporation plans to acquire an additional 18.28% stake in SmartViser SAS by March 31, 2026, raising its voting rights ownership from 32.72% to 51% and making it a consolidated subsidiary.

Scheduled to delist on May 15, 2026. The share consolidation will consolidate 7,186,355 shares into one share, reducing the total number of issued shares from 22,535,463 to 3 shares. The tender offer price is 6,700 yen per share, and the tender offeror has already acquired 87.63% of the shares.

Acquisition of all 5,200 shares of STEP Co., Ltd. for approximately 6,000 million yen, with consolidation as a subsidiary planned on June 1, 2026. Capital increase related to the establishment of the new company is also planned.

Mandom Corporation plans to consolidate 10,000,000 shares into 1 share on May 19, 2026, reducing the total number of outstanding shares from 45,019,464 shares to 4 shares. Consequently, the company is scheduled to be delisted, and shareholders will receive proceeds from the sale of fractional shares under the fraction processing.

The total number of outstanding shares will decrease by 37,856,768 shares due to the share consolidation, effective date April 28, 2026. Delisting scheduled for April 24, 2026.

Taiheiyo Kogyo Co., Ltd. will consolidate 27,814,216 shares into 1 share on April 15, 2026, reducing the total issued shares from 57,673,111 shares to 2 shares. The delisting is scheduled for April 13, 2026.

Nippon Sheet Glass received a total of 165 billion yen in third-party allotment capital from Apollo Fund and executed privatization by repurchasing shares from existing shareholders at 500 yen per share through share consolidation. Additionally, it implemented a quasi-DES of 140 billion yen to significantly reduce borrowings and improve its capital structure.

Conducting a third-party allotment of approximately 165 billion yen, increasing issued shares to 366,666,666 shares, with the allottee holding 72.04% of voting rights. Approval scheduled at the general shareholders meeting in late June 2026. Share consolidation and delisting planned for November 2026.

Shionogi & Co., Ltd. has resolved to acquire a 50% stake in Shionogi-Apnimed Sleep Science, LLC held by Apnimed for 100 million USD (approx. 15.952 billion JPY), making it a consolidated subsidiary.

Canon Electronics plans to consolidate 6,235,122 shares into 1 share on April 23, 2026, reducing the number of issued shares from approximately 40,901,805 shares to 6 shares. Concurrently, the designated number of shares per unit will be abolished, and the stock is scheduled to be delisted on April 21, 2026.

Consolidation of 4,554,450 common shares into one share, reducing the total number of issued shares from 18,700,940 shares to 4 shares. Scheduled delisting from the Tokyo Stock Exchange Prime Market on April 20, 2026.

Hisamitsu Pharmaceutical Co., Inc. is scheduled to be delisted as of May 11, 2026. The share consolidation will consolidate 23,467,182 shares into 1 share, reducing the number of issued shares to 3. The tender offer price is 6,082 yen per share, with the tender offeror holding 61.81% of the shares.