Komori
Statutory disclosure document1447SAAF Holdings Co.,Ltd.Construction and Materials

Notice concerning the filing of an action seeking confirmation of the non-existence or rescission of resolutions adopted at the extraordinary general meeting of shareholders held on 12 May 2026 at the request of the Company's shareholders

The Company's 7 directors filed an action with the Tokyo District Court seeking confirmation that the resolutions adopted at the extraordinary general meeting of shareholders held on 12 May, concerning the removal of directors and the election of 7 new director candidates, did not exist, or alternatively seeking their rescission. While maintaining its position that these resolutions violate laws and regulations and the Articles of Incorporation, the Company has decided to drop its assertion that the resolutions are invalid from its future arguments.

Worth reading
64In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
—
Displayed only when the document provides numerical figures.
Wording
Conditional
How definitive the wording is.

Decision and Details

Not stated (filed by 7 of the Company's directors)

Action seeking confirmation of the non-existence, etc., of the resolutions removing the Company's directors and electing the director candidates proposed by Mae (前氏) at the extraordinary general meeting of shareholders held on 12 May 2026

Decision26 June 2026 (date the action was filed)
Implementation26 June 2026 (action filed)
Going forwardThe Company will carefully review the details of the action and respond through its attorneys. If any matters requiring disclosure arise, the Company will make a timely disclosure without delay.
Quantity / scale7 plaintiffs; 7 director candidates proposed by Mae (前氏)
Reason

The Company and Mae (前氏) have differing views regarding the validity of the resolutions, and are seeking a final determination by the court.

Decision and Details
ItemDetails
Matter CoveredAction seeking confirmation of the non-existence, etc., of the resolutions removing the Company's directors and electing the director candidates proposed by Mae (前氏) at the extraordinary general meeting of shareholders held on 12 May 2026
Decision-Making BodyNot stated (filed by 7 of the Company's directors)
Decision Date26 June 2026 (date the action was filed)
Implementation Date26 June 2026 (action filed)
Quantity / scale7 plaintiffs; 7 director candidates proposed by Mae (前氏)
ReasonThe Company and Mae (前氏) have differing views regarding the validity of the resolutions, and are seeking a final determination by the court.
Governing RuleLaws and regulations and the Articles of Incorporation (specific provisions not stated)
Related previous disclosuresNotice concerning the resolutions of the extraordinary general meeting of shareholders and the Company's response dated 12 May 2026; Notice concerning the decision on the provisional disposition order confirming the status of the Company's directors (Progress of Disclosure) dated 2 June 2026; Notice concerning the outcome of the objection to the provisional disposition order confirming the status of the Company's directors (Progress of Disclosure) dated 12 June 2026; Notice concerning the application for a provisional disposition confirming the status of the Company's directors and the decision on the provisional disposition order confirming the status of the Company's directors dated 23 June 2026; Notice concerning the dismissal of the application by the Company's shareholders for a provisional disposition prohibiting the holding of the annual general meeting of shareholders and the dismissal of the applications by the Company's shareholders for the appointment of temporary directors and a temporary representative director dated 24 June 2026
Future plansThe Company will carefully review the details of the action and respond through its attorneys. If any matters requiring disclosure arise, the Company will make a timely disclosure without delay.
Items this document does not state (3)
Period CoveredAmountImpact on Business Performance

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The Company and Mae (前氏) have differing views regarding the validity of the resolutions removing directors at the extraordinary general meeting of shareholders and electing the director candidates proposed by Mae (前氏), and are seeking a final determination by the court.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice concerning the filing of an action seeking confirmation of the non-existence or rescission of resolutions adopted at the extraordinary general meeting of shareholders held on 12 May 2026 at the request of the Company's shareholders | SAAF Holdings Co.,Ltd. (1447) timely disclosure | Komori