0001400482-17-000083.txt : 20171206 0001400482-17-000083.hdr.sgml : 20171206 20171206062855 ACCESSION NUMBER: 0001400482-17-000083 CONFORMED SUBMISSION TYPE: 15F-12G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20171206 DATE AS OF CHANGE: 20171206 EFFECTIVENESS DATE: 20171206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KUBOTA PHARMACEUTICAL HOLDINGS CO LTD CENTRAL INDEX KEY: 0001400482 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 981295657 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 15F-12G SEC ACT: 1934 Act SEC FILE NUMBER: 000-55133 FILM NUMBER: 171241126 BUSINESS ADDRESS: STREET 1: 4-20-3 EBISU STREET 2: SHIBUYA-KU CITY: TOKYO STATE: M0 ZIP: 150-0013 BUSINESS PHONE: 81 3 5789-5872 MAIL ADDRESS: STREET 1: 4-20-3 EBISU STREET 2: SHIBUYA-KU CITY: TOKYO STATE: M0 ZIP: 150-0013 FORMER COMPANY: FORMER CONFORMED NAME: ACUCELA INC. DATE OF NAME CHANGE: 20131217 FORMER COMPANY: FORMER CONFORMED NAME: Acucela Inc DATE OF NAME CHANGE: 20070523 15F-12G 1 a15-f12g.htm 15F-12G Exhibit


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 15F
 
CERTIFICATION OF A FOREIGN PRIVATE ISSUER’S TERMINATION OF REGISTRATION OF A CLASS OF SECURITIES UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ITS TERMINATION OF THE DUTY TO FILE REPORTS UNDER SECTION 13(a) OR SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
 
Commission File Number:  000‑55133
 
Kubota Pharmaceutical Holdings Co., Ltd.
(Exact name of registrant as specified in its charter)
 
Kasumigaseki Tokyu Building, 4F, 3-7-1 Kasumigaseki, Chiyoda-ku,
Tokyo 100-0013, Japan
+81 3-6550-8928
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
 
Common Stock, no par value per share
(Title of each class of securities covered by this Form)
 
 
Please place an X in the box(es) to indicate the provision(s) relied upon to terminate the duty to file reports under the Securities Exchange Act of 1934:
 
 
 
 
 
 
 
 
 
 
 
 
Rule 12h-6(a)
 (for equity securities)
[X]
 
 
Rule 12h-6(d)
 (for successor registrants)
[X]
 
 
 
 
 
 
 
 
 
 
 
 
Rule 12h-6(c)
 (for debt securities)
[ ]
 
 
Rule 12h-6(i)
 (for prior Form 15 filers)
[ ]
 
 






PART I
Item 1. Exchange Act Reporting History
A. Kubota Pharmaceutical Holdings Co., Ltd. (the “Company”) first incurred the duty to file reports under Sections 13(a) and 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), on or about November 30, 2016, being the date that Acucela Inc. (“Acucela US”) completed a corporate reorganization resulting in the change in place of incorporation, pursuant to which the Company became the publicly traded parent company. The corporate reorganization was effected pursuant to an Agreement and Plan of Merger, dated as of August 9, 2016, by and among Acucela US, Acucela North America Inc., a Washington corporation and wholly-owned subsidiary of the Company (“US Merger Co”), and the Company (the “Merger Agreement”). At the effective time of the merger, (1) Acucela US was merged with US Merger Co, with US Merger Co surviving the merger as a wholly-owned subsidiary of the Company and being renamed Acucela Inc., and (2) each issued and outstanding share of common stock of Acucela US (“Acucela US Common Stock”) was cancelled and converted into the right to receive one share of the Company’s common stock (“Company Common Stock”).
The distribution of Company Common Stock was registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to a registration statement on Form S-4 (File No. 333-210469) (as amended, the “Merger Registration Statement”) filed by the Company, which was declared effective by the U.S. Securities and Exchange Commission (“SEC”) on August 17, 2016.
Acucela US first incurred the duty to file reports under the Exchange Act on February 3, 2014, when Acucela US’s Registration Statement on Form S-1 (File No. 333-192900) was declared effective by the SEC. The Company Common Stock was deemed registered under Section 12(g) of the Exchange Act on November 30, 2016 concurrently with the completion of the corporate reorganization pursuant to Rule 12g-3(a) of the Exchange Act.
B. The Company and Acucela US, as the predecessor of the Company, have filed or submitted all reports required under Sections 13(a) and 15(d) of the Exchange Act and the corresponding SEC rules for the 12 months preceding the filing of this Form 15F, and have filed at least one annual report under section 13(a) of the Exchange Act. In accordance with Rule 12h-6(d)(2) of the Exchange Act, the reporting history of Acucela US, whose reporting obligations the Company has assumed pursuant to Rule 12g-3 of the Exchange Act may be taken into account when considering the reporting history of the Company in determining whether the Company meets the prior reporting requirement under Rule 12h-6(a)(1) of the Exchange Act.
Item 2. Recent United States Market Activity
The Company’s securities were last sold in the United States in a registered offering under the Securities Act on November 30, 2016 pursuant to the Merger Registration Statement.
Prior to filing this Form 15F, the Company filed post-effective amendments to terminate the registration of unsold securities under a Registration Statement on Form S-8 (File No. 333-214935) and a Registration Statement on Form S-3 (File No. 333-208692).
Item 3. Foreign Listing and Primary Trading Market
A. - B. The Company has maintained a listing of the Company Common Stock on the Tokyo Stock Exchange Mothers Market (“TSE”), the primary trading market (as defined in Rule 12h-6(f) of the Exchange Act) for the Company Common Stock, in Tokyo, Japan (the “Primary Jurisdiction”) since December 5, 2016. Thus, the Company has maintained a listing of the Company Common Stock for a period that is longer than 12 months prior to the filing of this Form 15F.
C. To the knowledge of the Company, for the period commencing on December 5, 2016 and ended on and including December 5, 2017 (the “Recent Trading Period”), the percentage of worldwide trading in the Company Common Stock that occurred in the Primary Jurisdiction was 100%, and as such the primary trading market is larger than the trading market for the Company Common Stock in the United States during the same period.
Item 4. Comparative Trading Volume Data
A. The first day of the Recent Trading Period used to meet the requirements of Rule 12h-6(a)(4)(i) is December 5, 2016 and the last day of such Recent Trading Period is December 5, 2017.
B. During the Recent Trading Period, the average daily trading volume of the Company Common Stock: (a) in the United States was 0 shares, and (b) on a worldwide basis was 84,996 shares.
C. During the Recent Trading Period, the average daily trading volume of the Company Common Stock in the United States as a percentage of the average daily trading volume of the Company Common Stock worldwide was approximately 0%.





D. The Company has not delisted the Company Common Stock from a national securities exchange or inter-dealer quotation system in the United States.
E. The Company has not terminated a sponsored American depository receipt (ADR) facility regarding the Company Common Stock.
F. The source of the trading volume information used for determining whether the Company meets the requirements of Rule 12h-6 is TSE.
Item 5. Alternative Record Holder Information
Not applicable.
Item 6. Debt Securities
Not applicable.
Item 7. Notice Requirement
A. As required by Rule 12h-6(h), attached to this Form 15F as an exhibit is a news release disseminated by the Company on December 5, 2017 (the “News Release”), disclosing its intent to terminate its duty to file reports under Sections 13(a) and 15(d) of the Exchange Act.
B. The News Release was disseminated in the United States via Business Wire.
Item 8. Prior Form 15 Filers
Not applicable.

PART II
Item 9. Rule 12g3-2(b) Exemption
The Company’s Common Stock is held by fewer than 300 holders resident in the United States and
the Company does not intend to rely upon the exemption afforded by Rule 12g3-2(b).

PART III
Item 10. Exhibits
The following exhibit is attached hereto:
Exhibit Number
Description
99.1
News Release of the Company dated December 5, 2017.
Item 11. Undertakings
The Company hereby undertakes to withdraw this Form 15F if, at any time before the effectiveness of its termination of reporting under Rule 12h-6, the Company has actual knowledge of information that causes it reasonably to believe that, at the time of filing the Form 15F:
1.
 
The average daily trading volume of its subject class of securities in the United States exceeded 5 percent of the average daily trading volume of that class of securities on a worldwide basis for the same recent 12-month period that it used for purposes of Rule 12h-6(a)(4)(i);
 
 
 
2.
 
Its subject class of securities was held of record by 300 or more United States residents or 300 or more persons worldwide, if proceeding under Rule 12h-6(a)(4)(ii) or Rule 12h-6(c); or
 
 
 
3.
 
It otherwise did not qualify for termination of its Exchange Act reporting obligations under Rule 12h-6.








Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, Kubota Pharmaceutical Holdings Co., Ltd. has duly authorized the undersigned person to sign on its behalf this certification on Form 15F. In so doing, Kubota Pharmaceutical Holdings Co., Ltd. certifies that, as represented on this Form, it has complied with all of the conditions set forth in Rule 12h-6 for terminating its registration under section 12(g) of the Exchange Act, or its duty to file reports under section 13(a) or section 15(d) of the Exchange Act, or both.

 
 
 
KUBOTA PHARMACEUTICAL HOLDINGS CO., LTD.
Date:
December 6, 2017
 
By:
 /s/ John Gebhart
 
 
 
Name:
John Gebhart
 
 
 
Title:
Chief Financial Officer





EX-99.1 2 exhibit991newsrelease.htm EXHIBIT 99.1 NEWS RELEASE Exhibit


EXHIBIT 99.1



Kubota Pharmaceutical Holdings Co., Ltd. Announces Intention to Terminate SEC Reporting Obligations
SEATTLE - (December 5, 2017) - Kubota Pharmaceutical Holdings Co., Ltd. (the “Company”) announces its intention to file Form 15F with the U.S. Securities and Exchange Commission (the "SEC") to voluntarily terminate the registration of its common shares under Section 12(g) and its reporting obligations under Section 13(a) and Section 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company's reporting obligations will immediately be suspended upon filing Form 15F. The termination of the Company's registration and reporting obligations under Section 13(a) and Section 15(d) of the Exchange Act is expected to be effective 90 days after filing of Form 15F.
The Company considered the administrative burden and costs associated with being a U.S. reporting company and believes that the costs outweigh the benefits received by the Company from maintaining its registration. The Company will continue to comply with its Japanese continuous disclosure obligations through filings with the applicable Japanese securities regulators and its common shares will continue to trade on the Tokyo Stock Exchange Mothers Market.
About Kubota Pharmaceutical Holdings Co., Ltd.
Kubota Pharmaceutical Holdings Co., Ltd. (Tokyo 4596) is committed to translating innovation into a diverse portfolio of drugs and devices to preserve and restore vision for millions of people worldwide. The company’s development pipeline includes drug candidates and therapeutics for the treatment of retinitis pigmentosa, proliferative diabetic retinopathy, diabetic macular edema, AMD, Stargardt disease, cataract and presbyopia. The company is also developing a monitoring device for neovascular retinal diseases, to be used directly by patients. http://www.kubotaholdings.co.jp/en/
Cautionary Statements
Certain statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These forward-looking statements include statements regarding our expectations related to the intended termination of our U.S. reporting obligations, the anticipated reduction in administrative burden and costs associated with being a U.S. reporting company, the effective date of de-registration, our ability to comply with ongoing disclosure obligations through filings with the applicable Japanese securities regulators, our ability to maintain continued listing of our common shares on the Tokyo Stock Exchange Mothers Market, and our ability to maintain exemption from registration following the termination of our U.S. reporting obligations. These statements are based on current assumptions that involve risks, uncertainties and other factors that could cause the actual results, events or developments to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties, many of which are beyond our control, include, but are not limited to: the SEC not accepting our Form 15F. These forward-looking statements speak only as of the date hereof and we assume no obligation to update these forward-looking statements, and readers are cautioned not to place undue reliance on such forward-looking statements.

“Kubota” and the Kubota logo are registered trademarks or trademarks of Kubota Pharmaceutical Holdings Co., Ltd. in various jurisdictions.







Media Contact:
 
Michael Hasegawa
 
Senior Director, Corporate Communications
 
Phone: +81-3-6550-8928
 
Email: mhasegawa@kubotaholdings.co.jp
 
Investor Relations Contact:
 
John Gebhart
 
Chief Financial Officer
 
Phone: +1-206-805-3972
 
Email: jgebhart@kubotaholdings.co.jp