Tohto Suisan announces share consolidation, delisting plans

Tohto Suisan Co., Ltd. announced plans for a share consolidation, the abolishment of unit share provisions, and related amendments to its articles of incorporation, subject to shareholder approval at an extraordinary general meeting scheduled for May 28, 2025. This decision comes after the successful tender offer by Aso Higashimizu Holdings, leading to Tohto Suisan becoming a wholly-owned subsidiary and, consequently, delisting from the TSE. The stock will be designated as a "delisting stock" from May 28, 2025 and is scheduled to be delisted on June 17, 2025. The consolidation ratio is 1,400,000 shares into 1 share. Shareholders with fractional shares resulting from the consolidation will receive cash compensation based on a valuation of JPY 7,500 per share, the same price offered in the tender offer.