Upcoming procedures and schedule
| May 29, 2025 |
Mailing of important shareholder documents |
|---|---|
| May 30, 2025 |
Cash payment for disposal of fractional shares |
| June 30, 2025 |
End of payment period at Japan Post Bank or post office counters using cash receipts |
Shareholders who neither tendered their shares in the tender offer nor sold them on the market before the delisting will receive a cash payment calculated by multiplying the number of shares held by 5,913 yen (the same price as the tender offer) through a squeeze-out procedure. (Shareholders recorded in the Company’s final shareholder register as of March 5, 2025, the day before the effective date of the share consolidation, will be eligible to receive the cash payment.)
On May 29, 2025, Mitsubishi UFJ Trust and Banking Corporation will send important shareholder documents and the cash payment will be made on May 30, 2025.
Frequently Asked Questions
Q1: When will shareholders receive the payment? Is there a deadline to claim it?
The cash payment will be made on May 30, 2025.
On May 29, 2025, Mitsubishi UFJ Trust and Banking Corporation will send important shareholder documents to the registered address or designated location provided by the shareholder. For shareholders who have not requested payment via transfer into a financial institution account, a cash receipt will be enclosed. For corporate shareholders receiving 50,000 yen or more, a Japan Post cash receipt (disbursement certificate) will be sent separately. Please take the documentation to your nearest Japan Post Bank or post office (“Japan Post Bank Counter, etc.”) to receive your payment in cash.
If receiving payment in cash at a Japan Post Bank Counter, etc., the payment period using the cash receipt sent to shareholders will end on June 30, 2025. After that date, please contact Mitsubishi UFJ Trust and Banking Corporation to receive your payment.
If payment is not claimed within 10 years from the date of distribution, the right to receive it will expire due to the statute of limitations. Please claim your payment as soon as possible.
Q2: How will shareholders receive the payment?
The method of payment will depend on how you receive dividends.
- Shareholders who have not designated a bank account to receive dividends payments:
- (1) Please take the cash receipt that will be sent to you to your nearest Japan Post Bank Counter, etc. and receive the payment in cash.
- (2) Corporate shareholders without a designated bank account who are to receive 50,000 yen or more will be sent a Japan Post cash receipt (disbursement certificate) from the Savings Administration Center. Please take it to your nearest Japan Post Bank Counter, etc., to receive payment.
- Shareholders who have selected the proportional allocation by share count method (receiving dividends via a securities account):
- Shareholders who have designated a bank account for dividend payments: Payment will be transferred to your designated account on May 30, 2025, in the same manner as dividend payments. If the transfer to your designated account is unsuccessful, payment will be made as described in 1 (2) above.
Q3: Will any fees or other charges be incurred when receiving the payment?
There are no fees or charges for shareholders.
Q4: I have moved from the address recorded in the shareholder register and cannot receive the Notice Concerning Fractional Share Disposal Proceeds being sent on May 29, 2025. Can it be resent?
Please contact Mitsubishi UFJ Trust and Banking Corporation to update your address in the shareholder register:
0120-232-711 (toll-free), 9:00 to 17:00 excluding Saturdays, Sundays and national holidays. We also ask that you submit a mail forwarding request with the post office. Please note that mail forwarding typically takes three to seven business days to begin after application, so we recommend applying early.
Q5. I have moved overseas. Can the documents be sent abroad?
We do not send documents to overseas addresses. Documents will be sent to the address recorded in the shareholder register. For shareholders residing overseas, documents will be sent to a designated domestic mailing address (e.g., place of receipt or standing proxy). For details, please contact Mitsubishi UFJ Trust and Banking Corporation: 0120-232-711 (toll-free), 9:00 to 17:00 except Saturdays, Sundays and national holidays.
Q6: What does “fractional shares” mean?
On March 6, 2025, a share consolidation was conducted, in which 4,591,075 shares were consolidated into 1 share. As a result, shareholders other than the offeror (Hulic Corporation) and Rays Company (Hong Kong) Limited were left with fractions of less than one share. The amount paid will be 5,913 yen per share, based on the number of shares held immediately before the effective date of the share consolidation.
Q7. Will the proceeds from the sale of fractional shares be taxable? Do I need to file a tax return?
If the amount received from the sale of fractional shares exceeds the acquisition costs, the difference is considered capital gains, and a tax return must be filed, in principle.
Please consult directly with your local tax office, a tax accountant or other professional regarding specific tax matters or how to file a tax return.
Q8. How can I find out the historical stock price?
You can search for historical stock prices on Yahoo Finance.
Q9: How can I calculate the acquisition cost for my tax return?
Please check with your securities company regarding when and at what cost the shares were acquired.
If your securities company does not have transaction records and the acquisition date is unknown, you can refer to the certificate of share transfer issued by Mitsubishi UFJ Trust and Banking Corporation, the shareholder register administrator to find out the date of name transfer, which should help you estimate the acquisition date. You can then calculate the acquisition cost based on the market price at that time.
For procedures for issuing a certificate of share transfer, please contact Mitsubishi UFJ Trust and Banking Corporation: 0120-232-711 (toll-free), 9:00 to 17:00 except Saturdays, Sundays and national holidays.
Please note that the acquisition cost for tax purposes is calculated by multiplying the per share price (typically the market price) by the number of shares acquired. However, the price per share may be adjusted in the event of a share split or share consolidation.
Q10. What should I do if, after researching, I still cannot determine the acquisition cost?
If the acquisition cost of listed shares cannot be determined, it is possible to consider 5% of the proceeds from the sale as the acquisition cost.
For tax treatment details, please consult with your local tax office or a tax accountant. Please note that laws, regulations, and taxation systems may change in the future.