Worth reading
16Immaterial
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
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.This transaction
Continuation of the 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.
Impact on Business Performance
When this plan is continued, the Company's share acquisition rights will not themselves be issued, and there will be no direct, specific impact on the legal rights or economic interests associated with the Company's shares held by shareholders.
Procedures and assumptions
Special CommitteeAn Independent Committee will be established. The committee will have at least 3 independent members, and Sugizaki Yasuaki (杉﨑康昭), Magari Taizo (間狩泰三) and Machida Yukiko (町田悠生子) are scheduled to serve when this plan is continued. All 3 are outside directors.
Conditions Precedent to ExecutionApproval by shareholders at this annual general meeting of shareholders scheduled for 27 August 2026
| Item | Details |
|---|---|
| Transaction name | Continuation of the Policy for Responding to Large-Scale Purchases of the Company's Shares and Other Securities (Takeover Response Policy) |
| Impact on Business Performance | When this plan is continued, the Company's share acquisition rights will not themselves be issued, and there will be no direct, specific impact on the legal rights or economic interests associated with the Company's shares held by shareholders. |
| Date of board resolution | 15 July 2026 |
| Execution Date / Effective Date | If approved by shareholders at this annual general meeting of shareholders, from that time until the conclusion of the Company's annual general meeting of shareholders scheduled for August 2029 |
| Special Committee | An Independent Committee will be established. The committee will have at least 3 independent members, and Sugizaki Yasuaki (杉﨑康昭), Magari Taizo (間狩泰三) and Machida Yukiko (町田悠生子) are scheduled to serve when this plan is continued. All 3 are outside directors. |
| Conditions Precedent to Execution | Approval by shareholders at this annual general meeting of shareholders scheduled for 27 August 2026 |
Items this document does not state (26)
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)Contract 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.The purpose is to protect the Company's corporate value and the interests of all shareholders, and to secure the information and time shareholders need to make a decision, as well as opportunities to negotiate with an acquirer, if a large-scale purchase is made. It is also intended to enhance the independence of the Independent Committee in line with the guidelines concerning takeover response policies.
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.