Worth reading
33Immaterial
Scored from 2 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 in Response to Large-Scale Purchases of Our Shares (Takeover Response Policy) / These measuresTimelineThe spacing between the points is proportional to the actual number of days.
Procedures and assumptions
Special CommitteeAn independent committee is scheduled to be established. The committee will comprise no fewer than 3 and no more than 5 members, with 3 members currently planned. Members will be selected from outside directors or outside experts.
Conditions Precedent to ExecutionApproval by a majority of the voting rights held by shareholders present at the 92nd annual general meeting of shareholders scheduled for 26 June 2026.
| Item | Details |
|---|---|
| Transaction name | Policy in Response to Large-Scale Purchases of Our Shares (Takeover Response Policy) / These measures |
| Date of board resolution | 12 May 2026 |
| Execution Date / Effective Date | The measures will continue subject to approval at the 92nd annual general meeting of shareholders scheduled for 26 June 2026. Their effective period will run until the conclusion of the annual general meeting of shareholders scheduled for June 2029. |
| Special Committee | An independent committee is scheduled to be established. The committee will comprise no fewer than 3 and no more than 5 members, with 3 members currently planned. Members will be selected from outside directors or outside experts. |
| Conditions Precedent to Execution | Approval by a majority of the voting rights held by shareholders present at the 92nd annual general meeting of shareholders scheduled for 26 June 2026. |
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.Following consideration of whether to continue the current measures and what form they should take, in light of changes in social and economic conditions and developments in discussions concerning takeover response policies. The objectives also include ensuring that shareholders have sufficient information and time to consider the matter, and protecting corporate value and the common interests of shareholders.
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.