Komori
M&A and Subsidiary Changes6165PUNCH INDUSTRY CO.,LTD.Machinery

[Summary] Partial Amendment and Continuation of Measures in Response to Large-Scale Acquisitions of the Company's Shares and Other Securities (Takeover Response Policy)

The takeover response policy will continue as a new plan that maintains the purpose and framework of the current plan. In addition to lowering the shareholding threshold for an act qualifying as a large-scale purchase, etc., from 20% to 15%, the company has also reviewed the required filings, review period, grounds for triggering the policy and other matters.

Worth reading
21Immaterial
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
5
Percentage points (shareholding threshold)
Wording
Definitive
How definitive the wording is.

What was corrected and how

A subsequent correction by the company to the contents of an already published filing.

Original disclosure
The number of days elapsed cannot be calculated because the original disclosure date is unknown.
This correction2026-05-13
Location of correction (where in the original document)

The threshold for an act qualifying as a large-scale purchase, etc.; the letter of intent and required information requested from purchasers, etc.; the Board of Directors' review period and grounds for triggering the policy; and other wording

Before correction

20%

After correction

15%

ChangesLowered from 20% to 15%
Reason for correction

Implemented to secure and enhance corporate value and the common interests of shareholders, in light of the recent capital market environment, developments in discussions concerning corporate governance, and relevant guidelines.

What was corrected and how
ItemDetails
Location of correctionThe threshold for an act qualifying as a large-scale purchase, etc.; the letter of intent and required information requested from purchasers, etc.; the Board of Directors' review period and grounds for triggering the policy; and other wording
Details of correction20% → 15%
Reason for correctionImplemented to secure and enhance corporate value and the common interests of shareholders, in light of the recent capital market environment, developments in discussions concerning corporate governance, and relevant guidelines.
Items this document does not state (3)
Disclosure subject to correctionOriginal disclosure dateImpact on Business Performance

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 states that it reviewed the policy to secure and enhance corporate value and the common interests of shareholders, in light of the recent capital market environment, developments in discussions concerning corporate governance, and relevant guidelines. Another reason is to ensure an environment in which shareholders can make decisions with sufficient information and time, given the company's relatively small market capitalization and the possibility that large-scale accumulation of its shares could proceed over a short period.

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.
[Summary] Partial Amendment and Continuation of Measures in Response to Large-Scale Acquisitions of the Company's Shares and Other Securities (Takeover Response Policy) | PUNCH INDUSTRY CO.,LTD. (6165) timely disclosure | Komori