Decision and Details
The total amount of prior-period dividend distributions and share repurchases exceeded the distributable amount
The Company corrected its prior-period securities reports and other filings to properly reflect in its financial statements the accounting treatment of inappropriate transactions involving the purchase and sale of used trucks in prior periods, based on the findings of the Special Investigation Committee. As a result, it was determined from the corrected balance sheets that distributions had exceeded the distributable amount
| Item | Details |
|---|---|
| Matter Covered | The total amount of prior-period dividend distributions and share repurchases exceeded the distributable amount |
| Decision Date | 13 November 2026 (date identified and disclosed) |
| Implementation Date | Share repurchases: fiscal years ended December 2024 and December 2025; dividend distributions: fiscal year ended December 2025 (actual) |
| Period Covered | Related to prior-period corrections from the fiscal year ended December 2023 (59th fiscal year) through the semi-annual report for the fiscal year ending December 2026 (63rd fiscal year) |
| Amount | Share repurchases of ¥79.445 million in the fiscal year ended December 2024, share repurchases of ¥34.166 million in the fiscal year ended December 2025, dividend distributions of ¥82.059 million in the fiscal year ended December 2025, total ¥195.670 million |
| Reason | The Company corrected its prior-period securities reports and other filings to properly reflect in its financial statements the accounting treatment of inappropriate transactions involving the purchase and sale of used trucks in prior periods, based on the findings of the Special Investigation Committee. As a result, it was determined from the corrected balance sheets that distributions had exceeded the distributable amount |
| Governing Rule | Companies Act and Ordinance on Company Accounting |
| Related previous disclosures | Today's timely disclosure, “Notice Regarding the Submission of Corrected Reports for Prior-Period Securities Reports and Other Filings and Corrections to Prior-Period Financial Results Summaries and Other Documents” |
Items this document does not state (4)
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.Based on the findings of the Special Investigation Committee's investigation report, the Company corrected its prior-period securities reports and other filings to properly reflect in its financial statements the accounting treatment of inappropriate transactions involving the purchase and sale of used trucks in prior periods. As a result, it was determined that distributions had exceeded the distributable amount.