Worth reading
62In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Definitive
How definitive the wording is.Decision and Details
Board of DirectorsExpansion of the shareholder benefit program and change to the record date
Decision15 September 2026
Period CoveredFiscal year ending March 2027 onward
ImplementationScheduled to apply from the fiscal year ending March 2027. The record date will be the end of January each year.
Going forwardFrom the fiscal year ending March 2027, shareholders who hold 400 shares or more and are recorded in the shareholder registry as of the end of January each year will be eligible to receive benefit points. Benefit points for the end of March 2026 will expire unless exercised by 30 June 2027.
Quantity / scaleBenefit points: 400–599 shares: 4,000 points; 600–799 shares: 6,000 points; 800–999 shares: 15,000 points; 1,000–1,499 shares: 20,000 points; 1,500–1,999 shares: 35,000 points; 2,000–2,999 shares: 40,000 points; 3,000 shares or more: 50,000 points. Record date: the end of January each year. Carry-forward system: discontinued.
Reason
Improving shareholders' investment returns, improving the liquidity of the Company's shares and ensuring appropriate share price valuation, and encouraging medium- to long-term shareholdings
| Item | Details |
|---|---|
| Matter Covered | Expansion of the shareholder benefit program and change to the record date |
| Decision-Making Body | Board of Directors |
| Decision Date | 15 September 2026 |
| Implementation Date | Scheduled to apply from the fiscal year ending March 2027. The record date will be the end of January each year. |
| Period Covered | Fiscal year ending March 2027 onward |
| Quantity / scale | Benefit points: 400–599 shares: 4,000 points; 600–799 shares: 6,000 points; 800–999 shares: 15,000 points; 1,000–1,499 shares: 20,000 points; 1,500–1,999 shares: 35,000 points; 2,000–2,999 shares: 40,000 points; 3,000 shares or more: 50,000 points. Record date: the end of January each year. Carry-forward system: discontinued. |
| Reason | Improving shareholders' investment returns, improving the liquidity of the Company's shares and ensuring appropriate share price valuation, and encouraging medium- to long-term shareholdings |
| Future plans | From the fiscal year ending March 2027, shareholders who hold 400 shares or more and are recorded in the shareholder registry as of the end of January each year will be eligible to receive benefit points. Benefit points for the end of March 2026 will expire unless exercised by 30 June 2027. |
Items this document does not state (5)
AmountImpact on Business PerformanceGoverning RuleRelated previous disclosuresRemarks
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 objectives are to improve shareholders' investment returns, improve the liquidity of the Company's shares and ensure appropriate share price valuation, and encourage medium- to long-term shareholdings.
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