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Management planning3681V-cube,Inc.Information and Communications, Services and Others

Notice Regarding the Status of Negotiations for the Definitive Agreement under the Sponsorship Master Agreement

Following notification that it had become difficult to enter into a definitive agreement at the price contemplated under the Sponsor Basic Agreement, the parties will continue discussions with J-INC without any specific revised terms having been presented.

Worth reading
8Immaterial
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Direction
Mixed performance
Direction inferred from the company’s description.
Scale
—
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Wording
Avoiding a definitive answer
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Items stated in the management plan

Publication date1 May 2026

This document does not state the plan name, plan period, or numerical targets.

Risks identified by the company
Deterioration in enterprise value, financial condition, time constraints, and investigations into TEN Holdings, Inc. in the United States
Reason for revision or withdrawal

The establishment of a special investigation committee, the disclaimer of an audit opinion for the fiscal year ended December 2025, and the inability to obtain sufficient information regarding investigations by the U.S. Attorney's Office and the U.S. Securities and Exchange Commission into TEN Holdings, Inc. in the United States, among other matters.

Items stated in the management plan
ItemDetails
Reason for revision or withdrawalThe establishment of a special investigation committee, the disclaimer of an audit opinion for the fiscal year ended December 2025, and the inability to obtain sufficient information regarding investigations by the U.S. Attorney's Office and the U.S. Securities and Exchange Commission into TEN Holdings, Inc. in the United States, among other matters.
Risks identifiedDeterioration in enterprise value, financial condition, time constraints, and investigations into TEN Holdings, Inc. in the United States
Publication date1 May 2026
Items this document does not state (22)
Plan namePlan periodProgress against the planSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsKey initiativesResults under the previous planSize of the Target MarketDate of board resolution

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 establishment of a special investigation committee, the auditor's disclaimer of an audit opinion for the fiscal year ended December 2025, and the inability to obtain sufficient information regarding investigations by the U.S. Attorney's Office and the U.S. Securities and Exchange Commission into TEN Holdings, Inc. in the United States, among other matters.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Status of Negotiations for the Definitive Agreement under the Sponsorship Master Agreement | V-cube,Inc. (3681) timely disclosure | Komori