Supplementary Explanatory Material on the "Cash-Settled Forward Contract Referencing the Company's Own Share Price"

In response to a major shareholder indicating its intention to sell its shareholdings, the Company explained a transaction structure combining SBI Securities' holding of the shares with a cash-settled forward contract with the Company, in order to avoid a temporary release of the shares into the market. This does not itself constitute a resolution to acquire treasury shares.

Worth reading

33Immaterial

Scored from 1 of 5 sections

Direction

Mixed performance

Direction inferred from the company’s description.

Scale

—

Displayed only when the document provides numerical figures.

Wording

Avoiding a definitive answer

How definitive the wording is.

自己株式に関する決定

Items this document does not state (16)

Class of shares to be acquiredMaximum number of shares to be acquiredPercentage of total issued sharesTotal acquisition priceAcquisition periodMethod of acquisitionReason for acquisitionResolution dateNumber of shares to be retiredPercentage of total issued shares before retirementScheduled retirement dateTotal number of issued shares after retirementCurrent number of treasury sharesTotal number of issued sharesChange in acquisition periodChange in acquisition limit

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.

Image Frame Investment, a major shareholder, indicated its intention to sell. The Company stated that the transaction is intended to address the major shareholder's need to sell while maintaining its financial balance and cash liquidity, taking into consideration the impact on the supply-demand balance if the shares were released into the market over a short period and the stability of the shareholder composition over the medium to long term, and seeking to improve capital efficiency and shareholder value over the medium to long term.

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.