Chiikishinbunsha Faces Legal Challenge Over Free Share Option Allocation

TOKYO, Jul 16 (Pulse News Wire) – Chiikishinbunsha CO.,LTD. (2164.F) received a provisional injunction application filed by shareholder MTM Capital Corp.

Seeking to halt the free allocation of the 12th A share subscription rights. The application was submitted to the Chiba District Court on July 15, 2026. MTM Capital Corp., which holds approximately 0.01% of the company's shares, argues that the free allocation violates the principle of equal treatment among shareholders and constitutes an unfair method under the Companies Act Article 247(1) and (2).

The decision to allocate the share subscription rights was made during a board meeting held on July 13, 2026, and detailed in a notice dated July 14, 2026. Chiikishinbunsha maintains that the allocation process adheres to legal and fair procedures established through resolutions and approvals since October 24, 2022. The company plans to update stakeholders on future developments related to this matter as appropriate.