Decision and Details
Board of DirectorsReview of the service terms for UNB Gold
The benefits of Progmat SaaS could not be fully utilized under the sales scheme, while the burden of running costs and data processing fees for each order was substantial, making the product unprofitable.
Although the change will reduce costs, its contribution to earnings in the gold bullion business will be limited, and its impact on results is expected to be minor.
| Item | Details |
|---|---|
| Matter Covered | Review of the service terms for UNB Gold |
| Decision-Making Body | Board of Directors |
| Decision Date | 19 June 2026 |
| Implementation Date | Management of data using Progmat SaaS will be discontinued and transferred to the Company's own system. The specific implementation date is Not disclosed |
| Amount | 0.5% of the sales amount (initially projected profitability rate); withdrawal fee: a flat ¥5,500 per withdrawal for amounts of up to 25kg (including tax) |
| Quantity / scale | Initial expectations: 20 transactions and 2kg in monthly sales; actual results: approximately 10% of initial expectations; sales plan: approximately 5% of the sales volume of the Company's core 1kg bars; trading unit: 100g or more, in 100g increments |
| Impact on Business Performance | Although the change will reduce costs, its contribution to earnings in the gold bullion business will be limited, and its impact on results is expected to be minor. |
| Reason | The benefits of Progmat SaaS could not be fully utilized under the sales scheme, while the burden of running costs and data processing fees for each order was substantial, making the product unprofitable. |
| Related previous disclosures | “Notice Regarding the Introduction of a New Gold Trading Service,” dated 16 April 2025 |
| Future plans | Management of trading and holdings balance data using Progmat SaaS will be discontinued and transferred to the Company's own system. If any matter requiring disclosure arises, it will be announced promptly. |
Items this document does not state (2)
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.Customers had no opportunity to experience the benefits of Progmat SaaS, and the number and volume of transactions fell short of initial expectations. In addition, the burden of running costs and data processing fees for each order was substantial, making the product unprofitable.