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Governance9069SENKO Group Holdings Co.,Ltd.Transportation and Logistics

Notice of the Establishment of a Special Committee Regarding the Acquisition of Treasury Shares in Excess of the Distributable Amount

It was discovered that the acquisition of treasury shares exceeded the distributable amount by approximately ¥2,923 million. The Company has decided to establish a third-party committee comprising 3 outside attorneys to investigate the facts and causes. The impact on the financial statements and other matters is still under review, but the Company currently plans to make no changes to the dividend or dividend forecast.

Worth reading
89Important
Scored from 1 of 5 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
2923
¥ million
Wording
Conditional
How definitive the wording is.

Governance structure

Committee1
Third-party committee
Percentage of outside members 3 outside attorneys; 100% outside members
Changes this time

The Board of Directors resolved to establish a third-party committee comprising 3 outside attorneys and conduct an external investigation into the acquisition of treasury shares in excess of the distributable amount.

Governance structure
ItemDetails
CommitteeThird-party committee (3 outside attorneys; 100% outside members)
Changes this timeThe Board of Directors resolved to establish a third-party committee comprising 3 outside attorneys and conduct an external investigation into the acquisition of treasury shares in excess of the distributable amount.
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber of independent officersPolicy on cross-shareholdingsTakeover defensesControlling shareholder

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.

Because it was discovered that the acquisition of treasury shares exceeded the distributable amount, the Company will investigate the facts, determine the causes, consider its future response and examine measures to prevent recurrence.

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.
Notice of the Establishment of a Special Committee Regarding the Acquisition of Treasury Shares in Excess of the Distributable Amount | SENKO Group Holdings Co.,Ltd. (9069) timely disclosure | Komori