Worth reading
74In focus
Scored from 1 of 5 sectionsDirection
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
Policy for Responding to Large-Scale Purchases of the Company's Shares and Other Securities (Takeover Response Policy)TimelineThe spacing between the points is proportional to the actual number of days.
Procedures and assumptions
Special CommitteeAn Independent Committee has been established. The committee will have at least 3 members and will consist of Oshima Shinichi (大島眞一), Suemitsu Masashi (末金将司) and Fujiwara Yoshihisa (藤原義久).
Conditions Precedent to ExecutionApproval at the ordinary general meeting of shareholders scheduled for 24 June 2026, with the support of a majority of the voting rights of the shareholders present
| Item | Details |
|---|---|
| Transaction name | Policy for Responding to Large-Scale Purchases of the Company's Shares and Other Securities (Takeover Response Policy) |
| Date of board resolution | 14 May 2026 |
| Execution Date / Effective Date | Effective on the date on which approval is obtained at the ordinary general meeting of shareholders (the meeting is scheduled for 24 June 2026) |
| Special Committee | An Independent Committee has been established. The committee will have at least 3 members and will consist of Oshima Shinichi (大島眞一), Suemitsu Masashi (末金将司) and Fujiwara Yoshihisa (藤原義久). |
| Conditions Precedent to Execution | Approval at the ordinary general meeting of shareholders scheduled for 24 June 2026, with the support of a majority of the voting rights of the shareholders present |
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.To secure and enhance the Company's corporate value and the common interests of its shareholders in light of changes in the social and economic environment and developments in discussions concerning takeover response policies. Another reason is to ensure that, if a large-scale purchase is made, shareholders can make decisions after obtaining sufficient information and time to consider the proposal, while enabling the Board of Directors to conduct reviews and negotiations and present alternative proposals.
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.