Pacific Industrial Co., Ltd.
Notice Regarding Approval Resolution on Share Consolidation, Abolition of the Designation of the Number of Shares per Trading Unit, and Partial Amendment of the Articles of Incorporation
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.
Key Figures
- Share Consolidation Ratio: 27,814,216 shares consolidated into 1 share
- Decrease in Total Issued Shares: 57,673,109 shares
- Scheduled Delisting Date: 2026-04-13
AI要約
Overview of Capital Policy
At the extraordinary general meeting of shareholders held on March 24, 2026, Taiheiyo Kogyo Co., Ltd. approved the share consolidation plan to consolidate 27,814,216 ordinary shares into 1 share, abolish the designation of the number of shares per trading unit, and partially amend the articles of incorporation. As a result, the total number of issued shares will decrease from 57,673,111 shares to 2 shares, and the total number of authorized shares will be changed to 8 shares. The effective date of the consolidation is scheduled for April 15, 2026.
Impact on Shareholders and Future Outlook
As a result of the share consolidation, fractional shares of less than one share will be sold to CORE Corporation, the tender offeror, and the proceeds will be distributed to shareholders. Following the consolidation, the Company's shares will be delisted from the Tokyo Stock Exchange Prime Market and Nagoya Stock Exchange Premier Market as of April 13, 2026. Since trading on these markets will no longer be possible after delisting, shareholders should take note.
