Source disclosure: January 30, 2026
COTA CO.,LTD. [4923.T]
TOKYO, Jan 30 (Pulse News Wire) -- Cota Co., Ltd. (4923.T), represented by President and CEO Hirohiko Oda, announced today that its board of directors has approved a share split and corresponding amendments to the company's articles of incorporation. The decision was made during a meeting held on January 30, 2026.
The primary objective of this share split is to reduce the per-share investment amount, thereby enhancing liquidity and broadening the investor base. Under the plan, each ordinary share recorded in the final shareholder register as of March 31, 2026, will be split into 1.05 shares. This adjustment will increase the total number of outstanding shares by approximately 0.05 times the current count. Specifically, the company’s pre-split outstanding shares stand at 32,934,663, which will rise to 34,581,396 post-split, adding an additional 1,646,733 shares. Meanwhile, the total number of authorized shares will remain unchanged at 104,396,676.
Key dates associated with the share split include the announcement date set for March 16, 2026, the record date on March 31, 2026, and the effective date scheduled for April 1, 2026. Additionally, any fractional shares resulting from the split will be aggregated and sold or purchased collectively, with proceeds distributed proportionally among affected shareholders. Shareholders can also request buyback or sale of their fractional shares through their respective securities firms.
In conjunction with the share split, the company plans to amend its articles of incorporation based on Article 184, Paragraph 2 of Japan's Companies Act. These changes will take effect on April 1, 2026, specifically altering the maximum number of authorized shares from 99,425,406 to 104,396,676. An additional provision stipulates that these modifications will come into force on April 1, 2026, after which the transitional clause will be repealed.
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