Nippon Sheet Glass Shares Set for Tokyo Exchange Delisting

Tokyo Stock Exchange Delisting Set for September 28

Nippon Sheet Glass shares are scheduled to leave the Prime Market of the Tokyo Stock Exchange on September 28, according to the company’s September 25 announcement. Nippon Sheet Glass Co Ltd said the delisting follows the completion of procedures connected with a third-party allotment and a planned share consolidation. The announcement marks a formal step in the transaction process involving Lumina Japan Acquisition Co Ltd, a special-purpose company owned by funds managed by affiliates of Apollo Global Management Inc and its subsidiaries. The company also confirmed that the required procedures for implementing the share consolidation have been completed.

JPY 165 Billion Third-Party Allotment Completed

The transaction includes a third-party allotment with a total value of approximately JPY 165 billion. Payment for the allotment was completed on August 31, providing a key completed step before the company’s scheduled removal from the Prime Market. The recipient, Lumina Japan Acquisition Co Ltd, is described by Nippon Sheet Glass as a special-purpose company owned by funds managed by affiliates of Apollo Global Management Inc and its subsidiaries. The completion of payment and the required consolidation procedures establishes the stated sequence of actions leading from the transaction to the upcoming delisting.

Share Consolidation Scheduled for September 30

The share consolidation is scheduled to take effect on September 30, two days after the planned September 28 delisting from the Prime Market. Nippon Sheet Glass said all procedures required to implement the consolidation have already been completed, leaving the stated effective date as the next scheduled milestone. The sequence separates the market delisting from the later effective date of the consolidation. For investors and other stakeholders following the transaction, the company’s announcement therefore identifies August 31 as the completed allotment payment date, September 28 as the delisting date, and September 30 as the consolidation effective date.

Industry Impact & Outlook

The development has direct implications for the listed status and transaction timeline of Nippon Sheet Glass in Japan. The September 28 delisting and September 30 share-consolidation dates provide distinct milestones for stakeholders tracking the implementation of the announced transaction. Because the company has stated that the required consolidation procedures are complete, the remaining scheduled step described in the announcement is the consolidation taking effect on September 30. The completed JPY 165 billion allotment also establishes the financial transaction milestone already reached, while the involvement of Lumina Japan Acquisition Co Ltd and funds managed by Apollo-affiliated entities defines the parties connected with the transaction structure.

Frequently Asked Questions

When is Nippon Sheet Glass scheduled to be delisted?
Nippon Sheet Glass is scheduled to leave the Prime Market of the Tokyo Stock Exchange on September 28, following completion of the required transaction procedures. The company said payment for the approximately JPY 165 billion third-party allotment was completed on August 31. It also confirmed that all procedures required to implement the share consolidation have been completed. The consolidation is scheduled to take effect on September 30, making the delisting and consolidation two separate dates in the announced transaction timeline.