Worth reading
15Immaterial
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
Policy for Responding to Large-Scale Purchases of Our Shares, etc. (Takeover Response Policy)TimelineThe spacing between the points is proportional to the actual number of days.
Impact on Business Performance
The continuation of this policy does not involve a gratis allotment of stock acquisition rights. Accordingly, the continuation of this policy will not have a direct and specific impact on the rights or economic interests of shareholders and investors.
Procedures and assumptions
Special CommitteeAn independent committee will be established. The committee will have at least 3 members, selected from among outside directors, attorneys, certified public accountants, academics, and outside experts with experience as directors or Audit & Supervisory Board Members.
Conditions Precedent to ExecutionApproval of the continuation of this policy at the Annual General Meeting of Shareholders scheduled for 24 June 2026
| Item | Details |
|---|---|
| Transaction name | Policy for Responding to Large-Scale Purchases of Our Shares, etc. (Takeover Response Policy) |
| Impact on Business Performance | The continuation of this policy does not involve a gratis allotment of stock acquisition rights. Accordingly, the continuation of this policy will not have a direct and specific impact on the rights or economic interests of shareholders and investors. |
| Date of board resolution | 13 May 2026 |
| Execution Date / Effective Date | Expected to take effect subject to approval at the Annual General Meeting of Shareholders scheduled for 24 June 2026 |
| Special Committee | An independent committee will be established. The committee will have at least 3 members, selected from among outside directors, attorneys, certified public accountants, academics, and outside experts with experience as directors or Audit & Supervisory Board Members. |
| Conditions Precedent to Execution | Approval of the continuation of this policy at the Annual General Meeting of Shareholders scheduled for 24 June 2026 |
Items this document does not state (26)
Counterparty 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.In advance of the expiration of the current policy, we reviewed the policy in light of amendments to laws and regulations and the state of discussions concerning takeover response policies. The purpose is to ensure that shareholders have sufficient information and time to properly assess large-scale purchases, and to provide the evaluations and opinions of our Board of Directors and alternative proposals.
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.