Worth reading
14Immaterial
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Neutral
Direction inferred from the company’s description.Scale
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Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.This transaction
Policy for Responding to Large-Scale Purchases of the Company's Shares (Takeover Response Policy)TimelineThe spacing between the points is proportional to the actual number of days.
Impact on Business Performance
As of the update of this plan, no countermeasures will be implemented, and there will be no direct, specific impact on the legal rights or economic interests of shareholders or investors.
Procedures and assumptions
Special CommitteeAn independent committee, rather than a special committee, will be established. The committee will consist of 3 to 5 members, and at the time of the update, Yamashita Yoko (山下陽子), Isaka Yoshitaka (井坂好孝) and Asano Toshimi (浅野寿美) are expected to serve as its 3 members.
Conditions Precedent to ExecutionApproval of the update to this plan at the 69th Annual General Meeting of Shareholders scheduled for 26 June 2026
| Item | Details |
|---|---|
| Transaction name | Policy for Responding to Large-Scale Purchases of the Company's Shares (Takeover Response Policy) |
| Impact on Business Performance | As of the update of this plan, no countermeasures will be implemented, and there will be no direct, specific impact on the legal rights or economic interests of shareholders or investors. |
| Date of board resolution | 13 May 2026 |
| Execution Date / Effective Date | Scheduled to be updated from the time of conclusion of the 69th Annual General Meeting of Shareholders scheduled for 26 June 2026 (subject to approval at the annual general meeting of shareholders) |
| Special Committee | An independent committee, rather than a special committee, will be established. The committee will consist of 3 to 5 members, and at the time of the update, Yamashita Yoko (山下陽子), Isaka Yoshitaka (井坂好孝) and Asano Toshimi (浅野寿美) are expected to serve as its 3 members. |
| Conditions Precedent to Execution | Approval of the update to this plan at the 69th Annual General Meeting of Shareholders scheduled for 26 June 2026 |
Items this document does not state (26)
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)Contract 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.The update reflects the Ministry of Economy, Trade and Industry's Guidelines for Corporate Takeovers, revisions to the listing rules and developments in practice. It is also intended to ensure that shareholders have sufficient information and time to make decisions regarding large-scale purchases of shares, and to enable the Board of Directors, where necessary, to present alternative proposals and negotiate with the purchaser.
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.