Nippon Road shareholders approve consolidation, delisting from Tokyo Stock Exchange

Nippon Road Co., Ltd. announced on September 12, 2025, that its extraordinary general meeting of shareholders approved a share consolidation, the abolition of the unit share system, and partial amendments to its articles of incorporation. The resolution entails a share consolidation where 5,200,000 common shares will be merged into one share.

As a result of these approvals, Nippon Road's common stock will be designated as a "security under supervision" from September 12, 2025, to October 9, 2025, before being delisted from the Tokyo Stock Exchange on October 10, 2025. Following the share consolidation, the total number of issued shares will decrease from an expected 43,942,067 to 8 shares, with an effective date of October 15, 2025.

Shareholders holding less than one share after the consolidation will have their fractional shares sold to Shimizu Corporation at JPY 2,520 per share. Proceeds from the sale are expected to be distributed to shareholders between late December 2025 and early January 2026.