Koatsu Gas Kogyo cancels planned share offering

Koatsu Gas Kogyo announced today that its board of directors has resolved to cancel the planned secondary offering of the company's common stock, which was initially approved on February 21, 2025. The decision to cancel the offering stems from the need to further investigate matters related to the financial information of a consolidated subsidiary. The company determined that additional time was required for confirmation, leading to the cancellation decision made at today's board meeting. Koatsu Gas Kogyo stated that it will promptly disclose any further developments on this matter. With the cancellation of the offering, the company also confirmed that the change of principal shareholder disclosed on February 21, 2025 will not occur.