Mandom Corporation
Notice Regarding Share Consolidation, Abolition of the Provision on Number of Shares per Unit, and Partial Amendment to the Articles of Incorporation
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.
Key Figures
- Share Consolidation Ratio: Consolidation of 10,000,000 shares into 1 share
- Total Outstanding Shares (Pre-consolidation): 45,019,464 shares
- Total Outstanding Shares (Post-consolidation): 4 shares
- Scheduled Delisting Date: May 15, 2026
- Sale Proceeds for Fractional Shares: 3,105 yen per share
AI要約
Overview of Share Consolidation
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. As a result, shares held by shareholders other than the tender offeror will become fractional shares less than one share, which will be sold to the tender offeror with court approval as fraction processing, and the proceeds will be paid to shareholders.
Delisting and Amendments to the Articles of Incorporation
Following the share consolidation, the company’s shares will be delisted from the Tokyo Stock Exchange Prime Market as of May 15, 2026. Accordingly, the provision on the number of shares per unit will be abolished, and partial amendments to the articles of incorporation will be carried out. These amendments, effective May 19, 2026, include changes to the total number of authorized shares, abolition of the number of shares per unit, and deletion of the record date for the ordinary general meeting of shareholders.
Tender Offer and Assurance of Fairness
This share consolidation is part of a tender offer by Caron Holdings Co., Ltd. (as part of an MBO). The tender offer settlement began on March 4, 2026, acquiring shares representing 71.69% of voting rights. An independent third-party valuation institution (Daiwa Securities, Plutus Consulting) conducted a stock valuation and a special committee was established, ensuring fairness and avoidance of conflicts of interest. The transaction terms are deemed reasonable for general shareholders.
Future Outlook
After the effective date of the share consolidation, the sale proceeds will be paid to fractional shareholders. The monetary payments are scheduled to be made from late June to mid-September 2026. In addition, due to the delisting, the company’s shares will no longer be tradable on the Tokyo Stock Exchange Prime Market.
