【Koden Corporation】Scheduled Share Consolidation and Delisting ｜ August 2026

Overview of Share Consolidation and Articles of Incorporation Amendments

Koden Corporation will perform a share consolidation on August 25, 2026, consolidating 747,603 shares into 1 share. Simultaneously, a part of the articles of incorporation will be amended to reduce the authorized total number of shares to 40 and abolish the minimum trading unit. This will also lead to scheduled delisting from the Tokyo Stock Exchange on September 25, 2026. The consolidation ratio and treasury share cancellation will be conducted in conjunction, affecting shareholders' holdings and liquidity.

Impact on Shareholders and Future Outlook

While the share consolidation will reduce the number of shares held by shareholders, measures will be taken to protect share value and shareholder interests. Post-delisting, concerns about reduced liquidity and recognition are noted; however, future funding and business development are expected to continue through internal funds and support. Approval of the consolidation and amendments will be obtained at a shareholders' meeting scheduled for August 2026, where the share consolidation and delisting will be officially decided.