Worth reading
15Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.This transaction
Continuation of this policy (Continuation of the Policy for Responding to Large-Scale Purchases of Our Shares (Takeover Response Policy))TimelineThe spacing between the points is proportional to the actual number of days.
Procedures and assumptions
Special CommitteeEstablished. The committee will have at least 3 members. Following the continuation of the policy, Hori Tatsuya (堀達也) (outside expert), Tanaka Shin'ichi (田中新一) (outside expert and certified public accountant), and Takashima Satoshi (髙嶋智) (outside corporate auditor) are scheduled to continue serving as its 3 members.
Conditions Precedent to ExecutionApproval by the shareholders at the 65th Annual General Meeting of Shareholders scheduled for 26 May 2026
| Item | Details |
|---|---|
| Transaction name | Continuation of this policy (Continuation of the Policy for Responding to Large-Scale Purchases of Our Shares (Takeover Response Policy)) |
| Date of board resolution | 13 April 2026 |
| Execution Date / Effective Date | The policy is scheduled to take effect on the same day upon approval at the 65th Annual General Meeting of Shareholders scheduled for 26 May 2026. |
| Special Committee | Established. The committee will have at least 3 members. Following the continuation of the policy, Hori Tatsuya (堀達也) (outside expert), Tanaka Shin'ichi (田中新一) (outside expert and certified public accountant), and Takashima Satoshi (髙嶋智) (outside corporate auditor) are scheduled to continue serving as its 3 members. |
| Conditions Precedent to Execution | Approval by the shareholders at the 65th Annual General Meeting of Shareholders scheduled for 26 May 2026 |
Items this document does not state (27)
Counterparty nameName of the Subject CompanyBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceContract DateValuation methodologyIndependent valuation institutionManagement structure after acquisition
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.To secure and enhance the Company's corporate value and, ultimately, the common interests of shareholders in light of changes in social and economic conditions and developments concerning the Corporate Governance Code and takeover response policies. The policy will also require large-scale purchasers to provide necessary information, allow shareholders sufficient time to make an informed decision, and enable the Company to negotiate with the purchaser and present alternative proposals where necessary.
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.