Mitsubishi Shokuhin to delist after shareholders approve share consolidation

Mitsubishi Shokuhin announced that an extraordinary general meeting of shareholders approved a share consolidation, the abolition of the number of shares per unit, and partial amendments to its Articles of Incorporation, effective August 28, 2025. This decision will result in the company's common shares being delisted from the Tokyo Stock Exchange on September 26, 2025, after a designation as a supervision issue until September 25, 2025. The share consolidation will merge 4,694,921 existing shares into 1 new share.

The company also announced a resolution by its board of directors to cancel all treasury shares held by the company, totaling 138,155 shares as of August 27, 2025, on September 29, 2025. Post-consolidation, the total number of issued shares will decrease by 43,399,036 shares (planned), resulting in 9 issued shares (planned) and 9 authorized shares (planned). Shareholders with fractional shares will receive cash, with Mitsubishi Corporation expected to purchase these fractional shares at 6,340 yen per share, subject to court approval.