Notice concerning the delayed submission of the semi-annual report for the fiscal year ending August 2026 and the expected designation of the Company's shares as Securities Under Supervision (Confirmation)
Wel-Dish.Incorporated
Adjustment of the exercise price of internal stock options (stock acquisition rights)
The adjustment of the exercise price of the stock acquisition rights had not been calculated by an independent third-party share valuation institution or approved by the Board of Directors.
Company response
The online financial results briefing scheduled for 16 April 2026 has been postponed.
Review by the audit firm (not completed)
Regarding the approval process for adjusting the exercise price of stock acquisition rights, we will confirm whether there are any unclear aspects from a governance perspective and determine measures to prevent recurrence as soon as practicable.
Related procedures
Delay in filing the half-year report; expected designation as Securities Under Supervision (Confirmation Underway)
Tokyo Stock Exchange, Inc.
The second-quarter accounting period of the fiscal year ending August 2026
We will work to file the half-year report for the fiscal year ending August 2026 at the earliest date currently foreseeable.
We will work to file the half-year report at the earliest date currently foreseeable.
| Item | Details |
|---|---|
| Event name | Notice concerning the delayed submission of the semi-annual report for the fiscal year ending August 2026 and the expected designation of the Company's shares as Securities Under Supervision (Confirmation) |
| Date of occurrence | 14 April 2026 (the date on which the Company disclosed that it was expected to be unable to file the half-year report by the statutory filing deadline) |
| Subject Entity | Wel-Dish.Incorporated |
| Target Locations / Products | Adjustment of the exercise price of internal stock options (stock acquisition rights) |
| Cause | The adjustment of the exercise price of the stock acquisition rights had not been calculated by an independent third-party share valuation institution or approved by the Board of Directors. |
| Accounting period in which recognized | The second-quarter accounting period of the fiscal year ending August 2026 |
| Type of litigation or proceeding | Delay in filing the half-year report; expected designation as Securities Under Supervision (Confirmation Underway) |
| Court or authority | Tokyo Stock Exchange, Inc. |
| Suspended operations | The online financial results briefing scheduled for 16 April 2026 has been postponed. |
| Investigation structure | Review by the audit firm (not completed) |
| Measures to prevent recurrence | Regarding the approval process for adjusting the exercise price of stock acquisition rights, we will confirm whether there are any unclear aspects from a governance perspective and determine measures to prevent recurrence as soon as practicable. |
| Outlook | We will work to file the half-year report for the fiscal year ending August 2026 at the earliest date currently foreseeable. |
| Planned follow-up disclosure | We will work to file the half-year report at the earliest date currently foreseeable. |
Items this document does not state (12)
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 audit firm identified governance deficiencies because the adjustment of the exercise price of the stock acquisition rights had not been calculated by an independent third-party share valuation institution or approved by the Board of Directors.