Furukawa Battery shareholders approve share consolidation, delisting in December

The Furukawa Battery announced that its shareholders approved a share consolidation and related amendments to the articles of incorporation during an extraordinary general meeting held today, November 20, 2025. This decision will result in the company's ordinary shares being delisted from the Tokyo Stock Exchange's Prime Market. The shares will be designated as a "security on alert" from November 20, 2025, to December 21, 2025, with the final trading day set for December 19, 2025. The delisting is scheduled for December 22, 2025.

The share consolidation will take effect on December 24, 2025, with shares being consolidated at a ratio of 1 share for every 6,260,400 shares. This will reduce the total number of outstanding shares to 5. Fractional shares resulting from the consolidation will be sold to AP78 Co., Ltd. for 1,400 yen per share, which is the same price as the tender offer. Payment for these fractional shares is expected between March and April 2026.