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M&A and Subsidiary Changes6490PILLAR CorporationMachinery

Discontinuation (abolition) of the Company’s Response Measures to Large-Scale Purchases of Its Shares, etc. (Takeover Defense Measures)

The Board of Directors decided not to renew the takeover defense measures and to abolish them at the close of the 78th Annual General Meeting of Shareholders scheduled for June 2026.

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This transaction

Response Policy (Takeover Defense Measures) for Large-Scale Purchases of the Company's Shares, etc.
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This transaction
ItemDetails
Transaction nameResponse Policy (Takeover Defense Measures) for Large-Scale Purchases of the Company's Shares, etc.
Date of board resolution14 May 2026
Execution Date / Effective DateAt the close of the Company's 78th Annual General Meeting of Shareholders scheduled for June 2026 (planned)
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.

This decision was based on a comprehensive consideration of recent developments concerning takeover defense measures, the views of shareholders, including institutional investors in Japan and overseas, and changes in the Company's operating environment. The Company also cited the strengthening of its management foundation and corporate governance since the measures were introduced, as well as its aim of maximizing corporate value and the common interests of shareholders under the new medium-term management plan, One2030.

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Discontinuation (abolition) of the Company’s Response Measures to Large-Scale Purchases of Its Shares, etc. (Takeover Defense Measures) | PILLAR Corporation (6490) timely disclosure | Komori