Change in Accounting Auditor
Kubota Pharmaceutical Holdings Co.,Ltd. (the Company)
Audit hours and audit fees have been trending upward in recent years due to changes in the Company's business conditions and the audit environment. As a result, the Company reviewed the suitability of the audit arrangements and audit fees for its business activities and scale. In addition, after comprehensively considering the audit structure in terms of quality control, professional ethics and independence, as well as audit costs, the Company determined that the new auditor was suitable.
The Company plans to submit the proposal concerning the appointment of an accounting auditor to the 11th ordinary general meeting of shareholders scheduled for 24 April 2026. Following the expiration of Sanyu Audit Corporation's term of office at the conclusion of that meeting, HLB Meisei Limited Liability Audit Corporation is scheduled to be appointed as the accounting auditor.
| Item | Details |
|---|---|
| Event name | Change in Accounting Auditor |
| Date of occurrence | 24 April 2026 (scheduled date of the 11th ordinary general meeting of shareholders and scheduled date of the change) |
| Subject Entity | Kubota Pharmaceutical Holdings Co.,Ltd. (the Company) |
| Cause | Audit hours and audit fees have been trending upward in recent years due to changes in the Company's business conditions and the audit environment. As a result, the Company reviewed the suitability of the audit arrangements and audit fees for its business activities and scale. In addition, after comprehensively considering the audit structure in terms of quality control, professional ethics and independence, as well as audit costs, the Company determined that the new auditor was suitable. |
| Outlook | The Company plans to submit the proposal concerning the appointment of an accounting auditor to the 11th ordinary general meeting of shareholders scheduled for 24 April 2026. Following the expiration of Sanyu Audit Corporation's term of office at the conclusion of that meeting, HLB Meisei Limited Liability Audit Corporation is scheduled to be appointed as the accounting auditor. |
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The reasons the company gives
The company's own explanation, not something inferred from the numbers.As audit hours and audit fees have been trending upward due to changes in the Company's business conditions and the audit environment, the Company reviewed the suitability of the audit arrangements and audit fees for its business activities and scale. After comprehensively considering quality control, professional ethics, independence, the audit structure and audit costs, the Company determined that HLB Meisei Limited Liability Audit Corporation was suitable.