Decision and Details
4 audit and supervisory board members of the Company (unanimous decision)Response to Shareholder Demand to Bring an Action
As a result of reviewing relevant materials, interviewing relevant officers and employees, conducting an investigation by external experts, and obtaining legal opinions, the 7 directors and former directors concerned could not be found to have breached their duty of care under the Companies Act.
| Item | Details |
|---|---|
| Matter Covered | Response to Shareholder Demand to Bring an Action |
| Decision-Making Body | 4 audit and supervisory board members of the Company (unanimous decision) |
| Decision Date | 24 April 2026 |
| Implementation Date | 24 April 2026 (notice of the reasons for not filing the action sent; completed) |
| Period Covered | Transactions related to the land acquisition conducted in the fiscal year ended March 2025 |
| Amount | Amount claimed to pursue liability: ¥4,146 million in total, plus delay damages thereon |
| Quantity / scale | 7 directors and former directors concerned; 4 audit and supervisory board members |
| Reason | As a result of reviewing relevant materials, interviewing relevant officers and employees, conducting an investigation by external experts, and obtaining legal opinions, the 7 directors and former directors concerned could not be found to have breached their duty of care under the Companies Act. |
| Governing Rule | Article 847, Paragraph 4 of the Companies Act |
Items this document does not state (3)
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 a review of relevant materials, interviews with relevant officers and employees, an investigation by external experts, and the receipt of legal opinions, it was determined that the 7 directors and former directors concerned could not be found to have breached their duty of care under the Companies Act.