Worth reading
14Immaterial
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
Avoiding a definitive answer
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 CommitteeTo be established if a covered purchase or other related action is conducted or may be conducted. The committee will comprise 3 or more members selected from highly independent outside directors, outside Audit & Supervisory Board Members, or outside experts. The candidates are Konishi Hanako (小西華子), Hosomi Takuto (細見拓人), Kamanaka Toshihito (釡中利仁), and Toyama Satoko (富山聡子).
Conditions Precedent to ExecutionApproval of the resolution proposal for this plan at the annual 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 | 13 May 2026 |
| Execution Date / Effective Date | From the close of the annual general meeting of shareholders scheduled for 26 June 2026, subject to approval of the resolution proposal for this plan. The effective period will run until the close of the Company's 86th annual general meeting of shareholders (approximately 2 years). |
| Special Committee | To be established if a covered purchase or other related action is conducted or may be conducted. The committee will comprise 3 or more members selected from highly independent outside directors, outside Audit & Supervisory Board Members, or outside experts. The candidates are Konishi Hanako (小西華子), Hosomi Takuto (細見拓人), Kamanaka Toshihito (釡中利仁), and Toyama Satoko (富山聡子). |
| Conditions Precedent to Execution | Approval of the resolution proposal for this plan at the annual 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 policy is intended to deter inappropriate large-scale purchases that could impair corporate value or the common interests of shareholders, while ensuring that shareholders have sufficient information and time to assess the purchaser's proposal and that the Company has an opportunity to negotiate with the purchaser. The Company states that this decision follows an ongoing review in light of social and economic conditions and developments concerning takeover response policies.
How to read this page
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