Worth reading
17Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.This transaction
TimelineThe spacing between the points is proportional to the actual number of days.
Impact on Business Performance
The document states that the new share acquisition rights will not be issued when this policy is continued, and that there will be no direct and specific impact on shareholders' legal rights or economic interests.
Procedures and assumptions
Special CommitteeAn independent committee will be established. The members expected to serve when this policy is continued are Itami Toshihiko (伊丹俊彦), Momoi Shunji (百井俊次), Arakane Kumi (荒金久美), Muroi Masahiro (室井雅博) and Mizuhara Kiyoshi (水原潔), for a total of 5 members. The committee will comprise independent outside directors, independent outside corporate auditors and others.
Conditions Precedent to ExecutionApproval by shareholders at the 103rd Annual General Meeting of Shareholders scheduled for 26 June 2026.
| Item | Details |
|---|---|
| Impact on Business Performance | The document states that the new share acquisition rights will not be issued when this policy is continued, and that there will be no direct and specific impact on shareholders' legal rights or economic interests. |
| Date of board resolution | 28 April 2026 |
| Execution Date / Effective Date | From the time of the approval resolution at the annual general meeting of shareholders through the conclusion of the annual general meeting of shareholders scheduled for June 2029. |
| Special Committee | An independent committee will be established. The members expected to serve when this policy is continued are Itami Toshihiko (伊丹俊彦), Momoi Shunji (百井俊次), Arakane Kumi (荒金久美), Muroi Masahiro (室井雅博) and Mizuhara Kiyoshi (水原潔), for a total of 5 members. The committee will comprise independent outside directors, independent outside corporate auditors and others. |
| Conditions Precedent to Execution | Approval by shareholders at the 103rd Annual General Meeting of Shareholders scheduled for 26 June 2026. |
Items this document does not state (27)
Transaction nameCounterparty 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 periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract 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 Company states that it needs to secure the information and time necessary for shareholders to make decisions regarding an acquisition, as well as opportunities to negotiate with the acquirer, in order to protect the interests of shareholders, customers, business partners, local communities and employees, and to achieve sustainable growth and enhance corporate value over the medium to long term.
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.