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
Conditional
How definitive the wording is.This transaction
Response Measures for Large-Scale Purchases of Our 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. The committee will comprise at least 3 members selected from outside directors, outside audit & supervisory board members, or outside experts. If the measures continue, Kurata Hiromitsu (倉田博光), certified public accountant, Nakamura Ryuji (中村隆次), attorney-at-law, and Matsumoto Kiyoshi (松本清), outside director, are scheduled to serve as the 3 members.
Conditions Precedent to ExecutionApproval for continuation of this plan at the annual general meeting of shareholders scheduled for 29 September 2026
| Item | Details |
|---|---|
| Transaction name | Response Measures for Large-Scale Purchases of Our Shares (Takeover Response Policy) |
| Date of board resolution | 10 August 2026 |
| Execution Date / Effective Date | The measures will continue if approved at the annual general meeting of shareholders scheduled for 29 September 2026. They will remain in effect until the conclusion of the annual general meeting of shareholders scheduled for September 2029. |
| Special Committee | An independent committee will be established. The committee will comprise at least 3 members selected from outside directors, outside audit & supervisory board members, or outside experts. If the measures continue, Kurata Hiromitsu (倉田博光), certified public accountant, Nakamura Ryuji (中村隆次), attorney-at-law, and Matsumoto Kiyoshi (松本清), outside director, are scheduled to serve as the 3 members. |
| Conditions Precedent to Execution | Approval for continuation of this plan at the annual general meeting of shareholders scheduled for 29 September 2026 |
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 purpose is to secure the information and time necessary for shareholders to make an informed decision if a large-scale purchase is undertaken, and for the Board of Directors to evaluate and negotiate the proposal and present alternatives, thereby protecting corporate value and the common interests of shareholders. The Company also states that it has taken changes in the environment and trends among institutional investors into account.
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.