Notice Regarding the Provision of IRU Rights to Use Part of the New International Submarine Cable Candle and Operation and Maintenance Services | IPS,Inc. (4390) timely disclosure

Worth reading

45Recurring

Scored from 4 of 5 sections

Direction

Improvement

Direction inferred from the company’s description.

Scale

98.2

USD million

Wording

Avoiding a definitive answer

How definitive the wording is.

Agreements reached under this partnership

Details of the alliance

1
Provision of usage rights for part of the Company's ownership interest in the new international submarine cable "Candle" (IRU agreement).
2
Provision of operations and maintenance services (operations and maintenance services agreement).

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Impact on Business Performance

The impact on the Company's consolidated results for the fiscal year ending March 2027 will be immaterial. If the impact on results becomes known, it will be disclosed promptly.

Date of board resolution7 August 2026Contract PeriodUnder the operations and maintenance services agreement, a specified amount is expected to be recognized as operations and maintenance service revenue over 25 years. The term, expiry date and automatic renewal provisions of the IRU agreement are Not disclosed.

Agreements reached under this partnership
Item	Details
Details of the alliance	Provision of usage rights for part of the Company's ownership interest in the new international submarine cable "Candle" (IRU agreement)., Provision of operations and maintenance services (operations and maintenance services agreement).
Contract Period	Under the operations and maintenance services agreement, a specified amount is expected to be recognized as operations and maintenance service revenue over 25 years. The term, expiry date and automatic renewal provisions of the IRU agreement are Not disclosed.
Date of board resolution	7 August 2026
Impact on Business Performance	The impact on the Company's consolidated results for the fiscal year ending March 2027 will be immaterial. If the impact on results becomes known, it will be disclosed promptly.

Items this document does not state (19)

Name of alliance partnerAlliance partner's business activitiesAlliance partner's locationAlliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeType of allianceNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersNumerical targets under the allianceShareholding PolicyContract DateAlliance start dateShare Acquisition Date and Payment DateChange in major shareholders

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.

No reason for entering into the agreement was disclosed.

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.