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Mitsubishi Logisnext Co., Ltd. ( (JP:7105) ) just unveiled an announcement.
Mitsubishi Logisnext has secured shareholder approval for a massive share consolidation that will reduce 22,962,727 common shares into a single share, effectively shrinking the total issued shares from 106,948,230 to just four. This restructuring, combined with the cancellation of treasury stock and the abolition of the minimum trading unit, will cause the shares to meet Tokyo Stock Exchange delisting criteria.
The stock will be designated for delisting from April 9 to April 26, 2026, and fully removed from the Standard Market on April 27, after which trading on the exchange will cease. As a result of the consolidation, almost all shareholders other than Mitsubishi Heavy Industries will hold only fractional shares, which will be aggregated, sold, and the cash proceeds distributed, clearing the way for LVJ Holdings 2 Co., Ltd. to become the sole shareholder.
The most recent analyst rating on (JP:7105) stock is a Hold with a Yen1487.00 price target. To see the full list of analyst forecasts on Mitsubishi Logisnext Co., Ltd. stock, see the JP:7105 Stock Forecast page.
More about Mitsubishi Logisnext Co., Ltd.
Mitsubishi Logisnext Co., Ltd. is a Japanese manufacturer in the logistics and material-handling equipment industry, listed on the Tokyo Stock Exchange Standard Market. The company focuses on forklifts and related logistics solutions, serving industrial and commercial customers that require efficient warehouse and distribution operations.
Average Trading Volume: 153,555
Technical Sentiment Signal: Buy
Current Market Cap: Yen165.1B
See more data about 7105 stock on TipRanks’ Stock Analysis page.