Toyo Engineering Corporation
Notice of Change in Major Shareholders
As of March 18, 2026, due to the partial conversion of Class A preferred shares into common shares, the voting rights ownership ratio of Mitsui Chemicals, Inc. is expected to decrease from 13.45% to 9.84%, resulting in their exclusion as a major shareholder.
Key Figures
- Increase in Common Shares: 14,030,100 shares (due to conversion of Class A preferred shares to common shares)
- Voting Rights Ownership Ratio of Mitsui Chemicals, Inc. (Before Change): 13.45%
- Voting Rights Ownership Ratio of Mitsui Chemicals, Inc. (After Change): 9.84%
AI要約
Overview of Change in Major Shareholders
As of March 18, 2026, a portion of the Company’s Class A preferred shares were converted into common shares, resulting in an increase of 14,030,100 common shares. Consequently, the voting rights ownership ratio of the major shareholder Mitsui Chemicals, Inc. is expected to decrease from 13.45% to 9.84%, leading to its exclusion from major shareholders. It should be noted that Class A preferred shares have no voting rights.
Impact on Shareholders and Date of Change
Mitsui Chemicals, Inc. has entrusted its shares to Sumitomo Mitsui Trust Bank, Limited, which in turn has re-entrusted the shares to The Japan Custody Bank, Ltd.; however, the instruction right for voting rights exercise is retained. The effective date of the change is March 18, 2026, and the total number of voting rights has increased to 522,409 due to this conversion.
