The number of issued shares changes due to stock consolidation; fractional shares will be disposed of by a third party; treasury stock cancellation and amendments to the articles of incorporation approved. Delisting date and effective date set for September 2026.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"1948","jir_company_name":"Kouden Sha Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-08-25","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/08\/1948-20260825-01.pdf","jir_short_summary":"The number of issued shares changes due to stock consolidation; fractional shares will be disposed of by a third party; treasury stock cancellation and amendments to the articles of incorporation approved. Delisting date and effective date set for September 2026.","jir_summary":"### Section Heading\nAt this extraordinary general meeting, the stock consolidation and partial amendments to the articles of incorporation were approved as proposed, determining that the company meets the delisting criteria. The consolidation applies to common shares at a ratio of 747,603 shares to 1 share. The effective date after consolidation is scheduled for September 29, 2026. As part of the consolidation, the designation as a watch-listed stock is expected to occur on the same day, the final trading day on September 24, and the delisting date on September 25. Fractional shares will be processed via cash payments or sale after court approval. The amendments to the articles of incorporation will be carried out contingent on the effective date of the consolidation.\n\n### Section 2 Heading\nImpact on shareholders includes a substantial reduction in the number of shares after consolidation, and fractional shares below 1 share are expected to be paid out to shareholders as profits from the sales. After designation as a watch-listed stock, trading will be suspended; after delisting, trading on the Standard market will be unavailable. Going forward, after obtaining court permission, disposition of fractional shares will proceed, with delivery to shareholders planned for by late December.","jir_financial_highlights":"Stock consolidation ratio: 1 share to 747,603 shares consolidated into 1 share (Unknown)\nDecrease in issued shares outstanding: 8,733,429 shares (Based on Note 1)\nEffective date: September 29, 2026 (planned) (Effective date of the new share structure)","jir_category":"","jir_hashtags":"#KoudenSha, #StockConsolidation, #ArticlesOfIncorporationChange, #DelistingPreparation","jir_key_figures":"Stock consolidation ratio: 1 share to 747,603 shares\nDecrease in issued shares outstanding: 8,733,429 shares\nDelisting date: September 25, 2026 (planned)","jir_meta_title":"\u3010Kouden Sha\u3011 Stock consolidation and articles of incorporation changes approved | Delisting preparations commence 2026 September","jir_meta_description":"Kouden Sha approves stock consolidation and articles of incorporation changes at the extraordinary general meeting. Consolidation ratio of 1 share to 747,603 shares; delisting date scheduled for 2026-09-25. Fractional shares will be disposed of or delivered after court approval.","jir_og_title":"Kouden Sha announces stock consolidation and articles of incorporation changes, delisting preparations","jir_og_description":"Approval of consolidation and articles of incorporation changes at the extraordinary general meeting. Details on fractional handling, delisting target date, and future procedures for shareholders.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":17474,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"share_cancellation","footnotes":""},"sector":[],"importance":[],"class_list":["post-106719","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n