Furukawa Battery plans reverse stock split, delisting in December

The Furukawa Battery will hold an extraordinary general meeting of shareholders on November 20, 2025, to approve a reverse stock split at a ratio of 6,260,400 shares to 1, aiming to privatize the company. This action follows a tender offer by AP78, which resulted in AP78 holding 33.15% of the company’s stock as of September 16, 2025.

The reverse stock split is expected to take effect on December 24, 2025, reducing the total number of outstanding shares to 5 and abolishing the share unit system. This process is anticipated to lead to the delisting of The Furukawa Battery’s shares from the Tokyo Stock Exchange Prime Market on December 22, 2025, after a trading suspension period from November 20, 2025, to December 21, 2025. Shareholders holding less than one share after the split will receive 1,400 yen per share, the same price as the tender offer.

The company also resolved to cancel 22,436 treasury shares on December 23, 2025, contingent on the approval of the reverse stock split. This delisting plan follows comprehensive deliberation by a special committee, including independent financial and legal advisors, to ensure fairness for minority shareholders and enhance corporate value.