Nihon Chouzai to delist from Tokyo Stock Exchange, go private

Nihon Chouzai will hold an extraordinary general meeting of shareholders on November 18, 2025, to approve a share consolidation. This will consolidate 5,840,000 shares into one, effective December 23, 2025, reducing the total number of issued shares to five.

The company expects to delist from the Tokyo Stock Exchange Prime Market on December 19, 2025, with trading suspended from November 18 to December 18, 2025.

Shareholders holding less than one share after consolidation will receive cash at 3,927 yen per share, matching the tender offer price by AP86. The company’s board of directors determined this price to be fair and the going-private transaction in the best interest of shareholders.

Nihon Chouzai also resolved to retire 1,125,909 treasury shares, contingent on the share consolidation approval.