TOKYO, May 21 (Pulse News Wire) – Solvvy Inc. (7320.T) resolved today during its board meeting to acquire shares held by its wholly-owned subsidiary, MediaSeek Co., Ltd., through a stock dividend on May 22, 2026.
Under the resolution, Solvvy will take possession of all 414,000 ordinary shares held by MediaSeek, which represents approximately 3.45% of Solvvy’s outstanding share count. According to Article 135, Paragraph 3 of the Companies Act, subsidiaries are required to dispose of parent company shares within a reasonable time frame. Therefore, Solvvy plans to self-liquidate these acquired shares.
This acquisition does not fall under the provisions of Article 156, Paragraph 1 of the Companies Act, as stipulated by Article 163 of the same act. As of November 1, 2024, Solvvy had 11,997,254 outstanding shares, with 414,000 being classified as treasury shares post-acquisition. The number of non-treasury shares decreased accordingly.
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