Sato Sangyo Co.,Ltd Sangyo to Delist Shares from TOKYO PRO Market

TOKYO, Jul 16 (Pulse News Wire) – Sato Sangyo Co.,ltd, (3450.T) announced that it has decided to apply for delisting its ordinary shares from the TOKYO PRO Market. The decision was made during an extraordinary board meeting held.

The company received prior consent from shareholders holding more than two-thirds of the voting rights. The primary reason for the delisting application is to enable quicker and more flexible management decisions amid increasing global uncertainty. Since listing in October 2021, the company has achieved its goal of enhancing employee education and contributing to local employment. However, the evolving environment necessitates a more agile approach, prompting the move to delist.

According to regulations, a special resolution from the general shareholder meeting would typically be required for such applications. However, due to the pre-existing agreement with major shareholders, this step can be bypassed. The delisting application was approved by the board, and submitted to the Tokyo Stock Exchange immediately thereafter. Assuming acceptance, the shares will be designated as a delisting candidate stock and officially delisted 20 trading days later, on August 17, 2026.

The company's appointed J-Adviser, Nippon M&A Center, Inc., confirmed that their services will continue until the completion of the delisting process.