Decision and Details
Board of DirectorsExecution of an Agreement for Legal Support with the Parent Company
The Company required legal support substantially beyond normal levels, including the dissolution and special liquidation of a consolidated subsidiary, the transfer of its business, the整理 of contractual relationships and receivables and payables, and timely and statutory disclosure. The Company determined that responding under a consistent policy across the Group would be appropriate and efficient.
There will be no impact on consolidated results for the fiscal year ending September 2026. For the fiscal year ending September 2027, the agreement will increase selling, general and administrative expenses by ¥12,000,000 annually.
| Item | Details |
|---|---|
| Matter Covered | Execution of an Agreement for Legal Support with the Parent Company |
| Decision-Making Body | Board of Directors |
| Decision Date | 17 September 2026 |
| Implementation Date | 1 October 2026 (scheduled start of support) |
| Period Covered | One year from 1 October 2026 to 30 September 2027. The agreement will automatically renew for one year on the same terms unless written notice is given at least 3 months before expiration. |
| Amount | ¥1,000,000 per month and ¥12,000,000 per year (both excluding consumption and local consumption taxes) |
| Quantity / scale | 4 categories of legal support. The minimum number of hours to be provided each month is specifically stipulated in the agreement, but the number of hours is Not disclosed. |
| Impact on Business Performance | There will be no impact on consolidated results for the fiscal year ending September 2026. For the fiscal year ending September 2027, the agreement will increase selling, general and administrative expenses by ¥12,000,000 annually. |
| Reason | The Company required legal support substantially beyond normal levels, including the dissolution and special liquidation of a consolidated subsidiary, the transfer of its business, the整理 of contractual relationships and receivables and payables, and timely and statutory disclosure. The Company determined that responding under a consistent policy across the Group would be appropriate and efficient. |
| Governing Rule | Companies Act, Article 369(2); Attorney Act, Article 72; Companies Act; Financial Instruments and Exchange Act; rules of financial instruments exchanges; Financial Instruments and Exchange Act; and listing regulations |
| Related previous disclosures | Matters concerning the execution of the commitment-type term loan facility agreement dated 29 May 2026. Today's notice, “Notice Regarding the Decision on the Policy for the Dissolution and Special Liquidation of a Consolidated Subsidiary, the Risk of Non-Collection of Receivables, and the Transfer of the Business to the Company” |
| Future plans | Support will begin on 1 October 2026. The status of support and the appropriateness of the consideration will be submitted to the Audit and Supervisory Committee for deliberation each quarter. The Audit and Supervisory Committee's opinion will be obtained in advance for any amendment, termination or cancellation of the agreement or addition to the scope of support, and obtaining the Committee's opinion will be a condition for the effectiveness of any renewal. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company required legal support substantially beyond normal levels within a short period, including the dissolution and special liquidation of a subsidiary, the transfer of its business, the整理 of contractual relationships and receivables and payables, and timely and statutory disclosure. The agreement was also entered into to establish legal, compliance and information management systems across the Group and standardise its response policies.