Worth reading
13Immaterial
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
Continuation of the Policy for Responding to Large-Scale Purchases of the Company's Shares (Takeover Response Policy)TimelineThe spacing between the points is proportional to the actual number of days.
Procedures and assumptions
Special CommitteeAn independent committee will be established, consisting of at least 3 members. Following continuation of this plan, the 3 planned members are Wakabayashi Ichiro (若林市廊), Ikari Shuichiro (五十里秀一朗) and Takamatsu Hirokazu (髙松博和). Members will be selected from outside directors or external experts.
Conditions Precedent to ExecutionApproval by the shareholders at this general meeting of shareholders
| Item | Details |
|---|---|
| Transaction name | Continuation of the Policy for Responding to Large-Scale Purchases of the Company's Shares (Takeover Response Policy) |
| Date of board resolution | 15 April 2026 |
| Execution Date / Effective Date | The policy is scheduled to take effect on the date of the resolution at the annual general meeting of shareholders scheduled for 26 June 2026. It will remain valid until the conclusion of the annual general meeting of shareholders relating to the last fiscal year ending on or before 31 March 2029. |
| Special Committee | An independent committee will be established, consisting of at least 3 members. Following continuation of this plan, the 3 planned members are Wakabayashi Ichiro (若林市廊), Ikari Shuichiro (五十里秀一朗) and Takamatsu Hirokazu (髙松博和). Members will be selected from outside directors or external experts. |
| Conditions Precedent to Execution | Approval by the shareholders at this general meeting of shareholders |
Items this document does not state (27)
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)Impact on Business PerformanceContract 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.The continuation is intended to secure and enhance the Company's corporate value and, by extension, the common interests of its shareholders, in light of social and economic conditions and discussions concerning takeover response policies since the current plan was introduced. Another stated reason is to secure the information and time shareholders need to make a decision if a large-scale purchase is made, and to enable negotiations with the purchaser.
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.