Source disclosure: January 27, 2026
BrainPad Inc. [3655.T]
TOKYO — BrainPad Inc., listed on the Tokyo Stock Exchange Prime Market under code number 3655, announced today that it has resolved to cancel its own shares based on Article 178 of the Companies Act following a board meeting held earlier this day. The cancellation is contingent upon the approval of a share consolidation proposal scheduled for discussion at an extraordinary shareholders' meeting planned for February 26, 2026. According to the company's press release dated January 27, 2026, the share consolidation will take effect from March 19, 2026.
The company plans to cancel 1,468,388 ordinary shares, representing 6.58 percent of the total issued and outstanding shares before the cancellation. This figure includes all self-held shares owned by the company as of December 31, 2025 (1,391,615 shares) plus an anticipated future acquisition of restricted stock options intended for employees and executives totaling 76,773 shares. After rounding off to the third decimal place, the exact number of shares subject to cancellation is provided.
Following the cancellation, the total number of issued and outstanding shares of BrainPad Inc. will be reduced to 20,832,208 shares. The company’s representative director and CEO, Tomohiro Sekiguchi, stated that these measures aim to enhance shareholder value and streamline capital structure.
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