This transaction
Continuation and Update of This Response PolicyThe voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
| Item | Details |
|---|---|
| Transaction name | Continuation and Update of This Response Policy |
| Counterparty name | リ・ジェネレーション株式会社 |
| Location of the Subject Company | Taito-ku, Tokyo |
| Number of shares acquired | 1,772,700 shares (the number of shares held solely by リ・ジェネレーション株式会社) |
| Voting rights ownership percentage | Before 11.56% → after 11.56% |
| Date of board resolution | 28 May 2026 |
| Execution Date / Effective Date | If approved at the annual general meeting of shareholders scheduled for late June 2026, the policy will continue and be updated after the current response policy expires. The new response policy will remain effective through the conclusion of the annual general meeting of shareholders scheduled for June 2027. |
| Special Committee | The independent committee will continue. It comprises 1 independent outside director and 2 independent outside corporate auditors. |
| Conditions Precedent to Execution | Approval by shareholders at the annual general meeting of shareholders scheduled for late June 2026 |
Items this document does not state (23)
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 Company explains that it needs to protect its medium- to long-term corporate value and the common interests of shareholders because the situation continues in which リ・ジェネレーション株式会社 remains a shareholder and the shareholding ratio of share certificates and other securities could substantially exceed 20% when shareholders that may act in concert with the company are included; because the Company reasonably believes that the company has not abandoned its intention to acquire control of management; and because questions remain regarding the financing of related parties and possible violations of laws and regulations, administrative sanctions and other matters.