Tsubakimoto Chain Co.
Notice Regarding the Purchase of Treasury Stock Due to the Handling of Fractional Shares Less Than One Share Resulting from a Share Exchange (Purchase of Treasury Stock Based on the Provisions of Article 234, Paragraphs 4 and 5 of the Companies Act)
On January 28, 2026, 393 fractional shares resulting from the share exchange will be repurchased as treasury stock, with the purchase price based on the closing price on the same day.
Key Figures
- Total Number of Shares to be Purchased: 393 shares (fractional shares from the share exchange)
- Purchase Date: January 28, 2026
- Purchase Price: 393 shares × closing price on January 28, 2026 (specific amount unknown)
AI要約
Overview of the Purchase of Treasury Stock
Tsubakimoto Chain Co. conducted a share exchange on January 1, 2026, becoming the wholly owning parent company. Accordingly, regarding the 393 fractional shares less than one share allocated to shareholders of Daido Kogyo Co., Ltd., the company resolved at the board meeting on January 28, 2026, to purchase these shares as treasury stock based on the provisions of Article 234, Paragraphs 4 and 5 of the Companies Act. The purchase price will be calculated based on the closing price on the Tokyo Stock Exchange on the same day.
Impact on Shareholders and Future Actions
This treasury stock purchase is intended solely to handle fractional shares resulting from the share exchange and is aimed at protecting shareholder rights. Shareholders holding fractional shares will receive cash compensation, and no significant dilution of shares or impact on capital structure is expected. The purchase will be executed on January 28, 2026, and processed promptly.
