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M&A and Subsidiary Changes5480Nippon Yakin kogyo Co.,Ltd.Iron & Steel, Nonferrous Metals

Discontinuation (Abolition) of the Company’s Policy for Responding to Large-Scale Purchases of Its Shares (Takeover Response Policy)

The Company has decided not to continue its takeover defense policy and to abolish it at the conclusion of the ordinary general meeting of shareholders scheduled for 25 June 2026. After its abolition, the Company will continue to endeavor to provide information on takeover proposals and secure a period for consideration, to the extent permitted by law.

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This transaction

Discontinuation (abolition) of the Policy for Responding to Large-Scale Purchases of the Company's Shares
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This transaction
ItemDetails
Transaction nameDiscontinuation (abolition) of the Policy for Responding to Large-Scale Purchases of the Company's Shares
Date of board resolution8 May 2026
Execution Date / Effective DateAt the conclusion of the 144th ordinary general meeting of shareholders scheduled for 25 June 2026 (when the policy's effective period expires)
Items this document does not state (29)
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 institutionSpecial CommitteeConditions Precedent to ExecutionManagement 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 Company carefully considered the need to continue the policy in light of the views of shareholders, including domestic and overseas institutional investors, recent developments concerning takeover defense policies, and changes in the business environment and circumstances surrounding the Company.

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Discontinuation (Abolition) of the Company’s Policy for Responding to Large-Scale Purchases of Its Shares (Takeover Response Policy) | Nippon Yakin kogyo Co.,Ltd. (5480) timely disclosure | Komori