Contents of this filing
The Board of Directors resolved to oppose the shareholder proposal for a treasury share repurchase.
この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。
| Item | Details |
|---|---|
| Changes this time | The Board of Directors resolved to oppose the shareholder proposal for a treasury share repurchase. |
Items this document does not state (7)
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.Because the acquisition price on ToSTNeT-3 is determined under exchange rules as the previous day's closing price or equivalent, the proposal's simultaneous specification of the acquisition method and a price of ¥11,751 per share is unclear in intent. In addition, under the current operating environment, the benefits of a treasury share repurchase would be short-term and limited, and the Board determined that implementing one regardless of changes in the environment would not contribute to maximizing corporate value and the common interests of shareholders over the medium to long term. Furthermore, given that the Company has currently received an initial acquisition proposal, it considers implementing a treasury share repurchase inappropriate from the perspective of insider trading regulations.