Source disclosure: February 20, 2026
KROSAKI HARIMA CORPORATION [5352.T]
TOKYO — KROSAKI HARIMA CORPORATION announced on Monday that its board has set a record date for a potential extraordinary shareholders' meeting scheduled to take place around late April 2026. The company's representative director, Kazuhiro Egawa, made this announcement following a board meeting held today.
The company designated March 11, 2026, as the record date (also referred to as "the record date") to determine eligible shareholders who can exercise voting rights at the proposed extraordinary shareholders' meeting. According to the notice, any shareholder listed on the final register of shareholders as of the record date will be entitled to participate and vote at the meeting.
This move follows an earlier press release issued by the company on January 30, 2026, regarding Japan Steel Corporation's tender offer for KROSAKI HARIMA CORPORATION shares.
Furthermore, should the tender offer proceed successfully but fall short of acquiring all outstanding shares, Japan Steel Corporation intends to implement certain procedures aimed at consolidating control over the company. If the tender results in Japan Steel holding more than 90% of the total voting rights, it plans to request from all other shareholders to sell their entire holdings immediately after the tender settlement. Alternatively, if Japan Steel holds less than 90%, it will propose a share consolidation and reduction in the minimum trading unit size at the extraordinary shareholders’ meeting.
In anticipation of these developments, KROSAKI HARIMA CORPORATION has proactively established the necessary procedural groundwork by setting the record date. Additional details concerning the exact date, venue, and agenda items for the extraordinary shareholders' meeting will be communicated once finalized. Notably, the company stated that if the tender does not succeed or if Japan Steel opts to request full sales from minority shareholders, no extraordinary meeting would be convened, and the record date would remain unused.
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