Worth reading
75Important
Scored from 5 of 6 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
300
Shares (shareholding threshold for benefits before abolition)Wording
Avoiding a definitive answer
How definitive the wording is.Decision and Details
Board of DirectorsAbolition of the shareholder benefit program
Decision11 May 2026
Period CoveredThe benefit provided to shareholders recorded in the shareholder registry as of 31 March 2026 will be the final benefit, and the program will be abolished from the fiscal year ending March 2027 onward.
ImplementationFrom the fiscal year ending March 2027 (subject to the successful completion of the tender offer)
Going forwardIf the tender offer is successfully completed, the shareholder benefit provided to shareholders recorded in the shareholder registry as of 31 March 2026 who hold 3 units (300 shares) or more will be the final benefit, after which the program will be abolished.
Quantity / scaleShareholders holding 3 units (300 shares) or more of the Company's shares are eligible for benefits before abolition.
Reason
The tender offeror intends to make the Company a wholly owned subsidiary through the tender offer and a series of subsequent procedures, and the program is therefore being abolished on the premise that the Company's shares are expected to be delisted.
| Item | Details |
|---|---|
| Matter Covered | Abolition of the shareholder benefit program |
| Decision-Making Body | Board of Directors |
| Decision Date | 11 May 2026 |
| Implementation Date | From the fiscal year ending March 2027 (subject to the successful completion of the tender offer) |
| Period Covered | The benefit provided to shareholders recorded in the shareholder registry as of 31 March 2026 will be the final benefit, and the program will be abolished from the fiscal year ending March 2027 onward. |
| Quantity / scale | Shareholders holding 3 units (300 shares) or more of the Company's shares are eligible for benefits before abolition. |
| Reason | The tender offeror intends to make the Company a wholly owned subsidiary through the tender offer and a series of subsequent procedures, and the program is therefore being abolished on the premise that the Company's shares are expected to be delisted. |
| Related previous disclosures | “Notice Regarding the Implementation of an MBO and Recommendation to Tender,” dated 11 May 2026 |
| Future plans | If the tender offer is successfully completed, the shareholder benefit provided to shareholders recorded in the shareholder registry as of 31 March 2026 who hold 3 units (300 shares) or more will be the final benefit, after which the program will be abolished. |
Items this document does not state (3)
AmountImpact on Business PerformanceGoverning Rule
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 shareholder benefit program will be abolished on the premise that, following the tender offer, the tender offeror intends to make the Company a wholly owned subsidiary and the Company's shares are expected to be delisted.
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.