Change in Accounting Auditor
Nextware Ltd., Gravitas Audit Corporation, and IPO Audit Corporation
Gravitas Audit Corporation notified the Company that, against the backdrop of changes in the audit environment and other factors, audit hours are expected to increase further going forward, and that it wished to decline the continuation of its audit engagement upon the expiration of its term. In response, the Company compared and considered audit arrangements suited to the scale of its business, the appropriateness of audit fees, and other factors.
The proposal entitled "Election of Accounting Auditor" will be submitted to the 36th Ordinary General Meeting of Shareholders scheduled to be held on 26 June 2026. Gravitas Audit Corporation's term will expire upon the conclusion of the General Meeting, and IPO Audit Corporation is scheduled to be elected as the accounting auditor.
| Item | Details |
|---|---|
| Event name | Change in Accounting Auditor |
| Date of occurrence | 26 June 2026 (the scheduled date of the 36th Ordinary General Meeting of Shareholders and the scheduled date of the change) |
| Date recognized / date notice received | 14 May 2026 (the date on which the Audit & Supervisory Board resolved the change and the Board of Directors resolved to submit the matter to the General Meeting of Shareholders) |
| Subject Entity | Nextware Ltd., Gravitas Audit Corporation, and IPO Audit Corporation |
| Cause | Gravitas Audit Corporation notified the Company that, against the backdrop of changes in the audit environment and other factors, audit hours are expected to increase further going forward, and that it wished to decline the continuation of its audit engagement upon the expiration of its term. In response, the Company compared and considered audit arrangements suited to the scale of its business, the appropriateness of audit fees, and other factors. |
| Outlook | The proposal entitled "Election of Accounting Auditor" will be submitted to the 36th Ordinary General Meeting of Shareholders scheduled to be held on 26 June 2026. Gravitas Audit Corporation's term will expire upon the conclusion of the General Meeting, and IPO Audit Corporation is scheduled to be elected as the accounting auditor. |
Items this document does not state (19)
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.Gravitas Audit Corporation notified the Company that, due to changes in the audit environment and other factors, audit hours are expected to increase further going forward, and that it wished to decline the continuation of its audit engagement upon the expiration of its term. The Company selected IPO Audit Corporation after comparing and considering its audit arrangements for a business of the Company's scale, the appropriateness of audit fees, independence, and its quality control structure, among other factors.