Decision and Details
Board of DirectorsThe plan not to pursue the legal liability of relevant parties in connection with the distribution of surplus in excess of the distributable amount
At the resolution on 6 November 2026, the representative director whose legal liability could be pursued served as chair, and appropriate procedures, including changing the chair to a director without a special interest, had not been followed. The external investigation committee determined that it was not necessary to pursue criminal liability or the civil liability of the directors, audit & supervisory board members or accounting auditor.
It was determined that the company's financial position could not be considered to have been impaired by implementing this dividend. The company does not currently plan to pursue the legal liability of relevant parties.
| Item | Details |
|---|---|
| Matter Covered | The plan not to pursue the legal liability of relevant parties in connection with the distribution of surplus in excess of the distributable amount |
| Decision-Making Body | Board of Directors |
| Decision Date | 12 November 2026 |
| Implementation Date | Decision made on 12 November 2026 (the company does not currently plan to pursue legal liability) |
| Amount | Amount actually distributed: ¥47 million; amount transferred from the capital reserve: ¥1,500 million |
| Impact on Business Performance | It was determined that the company's financial position could not be considered to have been impaired by implementing this dividend. The company does not currently plan to pursue the legal liability of relevant parties. |
| Reason | At the resolution on 6 November 2026, the representative director whose legal liability could be pursued served as chair, and appropriate procedures, including changing the chair to a director without a special interest, had not been followed. The external investigation committee determined that it was not necessary to pursue criminal liability or the civil liability of the directors, audit & supervisory board members or accounting auditor. |
| Governing Rule | Article 397, paragraph 1 of the Companies Act; liability under the Companies Act; restrictions on the distributable amount |
| Related previous disclosures | 6 November 2026: “Results of the External Investigation into the Distribution of Surplus in Excess of the Distributable Amount, Measures to Prevent Recurrence and the Circumstances Behind the Delay in Disclosure”; 5 November 2026: “Investigation Report” |
| Future plans | The company does not currently plan to pursue the legal liability of relevant parties. |
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.At the 6 November resolution, the representative director whose legal liability could be pursued served as chair, and appropriate procedures, including changing the chair to a director without a special interest, had not been followed. The external investigation committee also cited as a reason its determination that it was not necessary to pursue criminal or civil liability.