Worth reading
53Recurring
Scored from 2 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
31.05
Voting rights ratio (specific shareholder group including shareholders subject to the additional determination)Wording
Conditional
How definitive the wording is.This transaction
Additional recognition of joint coordinated actionVoting rights ownership percentage25.97％ → 31.05％
Number of shares acquired鈴木産業有限会社: 1,202,900 shares (4.96% voting rights); Shinohara Hiroshi (篠原 洋): 28,500 shares (0.12% voting rights). Individual voting rights were not disclosed.
TimelineThe spacing between the points is proportional to the actual number of days.
Procedures and assumptions
Special CommitteeEstablished. An independent committee composed solely of individuals independent from the management responsible for business execution. The number of members was not disclosed.
Conditions Precedent to ExecutionAt the extraordinary general meeting of shareholders held on 25 August 2026, the proposal to trigger this defensive measure was approved and adopted. If the independent committee issues a new recommendation, such as where the purchaser or other party withdraws its purchase or other acquisition, the free allotment is scheduled to be withheld or cancelled.
| Item | Details |
|---|---|
| Transaction name | Additional recognition of joint coordinated action |
| Number of shares acquired | 鈴木産業有限会社: 1,202,900 shares (4.96% voting rights); Shinohara Hiroshi (篠原 洋): 28,500 shares (0.12% voting rights). Individual voting rights were not disclosed. |
| Voting rights ownership percentage | Before 25.97％ → after 31.05％ |
| Date of board resolution | 8 September 2026 |
| Execution Date / Effective Date | A free allotment of Series 1-A Stock Acquisition Rights is scheduled for all shareholders listed or recorded in the final shareholder register as of 14 September 2026. The specific allotment date was not disclosed. |
| Special Committee | Established. An independent committee composed solely of individuals independent from the management responsible for business execution. The number of members was not disclosed. |
| Conditions Precedent to Execution | At the extraordinary general meeting of shareholders held on 25 August 2026, the proposal to trigger this defensive measure was approved and adopted. If the independent committee issues a new recommendation, such as where the purchaser or other party withdraws its purchase or other acquisition, the free allotment is scheduled to be withheld or cancelled. |
Items this document does not state (25)
Counterparty nameName of the Subject CompanyBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceContract DateValuation methodologyIndependent valuation institutionManagement structure after acquisition
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 independent committee's investigation confirmed personal and economic relationships with the previously designated shareholders, commonality in the timing of share acquisitions, and consistent voting at the extraordinary general meeting of shareholders, among other matters, leading to a reasonable inference of joint and concerted action. The Board of Directors assessed the independent committee's recommendation as reasonable, finding no particular circumstances that would refute it.
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.