IKUYO CO.,LTD. has requested that MURAKI CORPORATION withdraw its determination that the takeover response policy was violated and refrain from issuing new shares unfairly. It has also announced an amendment to the Change Report filed with the Kanto Local Finance Bureau.
IKUYO CO.,LTD. has protested to MURAKI CORPORATION through its attorney and requested that it withdraw its determination that the takeover response policy announced by MURAKI CORPORATION was violated. IKUYO CO.,LTD. holds 250,000 shares of MURAKI CORPORATION, representing 17.01% of voting rights.
MURAKI CORPORATION announced its determination that the takeover response policy had been violated in a notice dated 24 September 2026. IKUYO CO.,LTD. maintains that the determination is contrary to the facts and has lodged a strong protest, demanding its withdrawal.
As IKUYO CO.,LTD. has announced 13 October 2026 as the record date for an extraordinary shareholders meeting, it has pointed to the possibility of a large-scale issuance of new shares through a third-party allotment and expressed concern that this could reduce the value of ordinary shareholders' holdings. It has requested that MURAKI CORPORATION refrain from taking such action and stated that, should an unfair issuance of new shares take place, it is considering measures including seeking an injunction from the court.
Regarding a proposal to subscribe for a third-party allotment of new shares, IKUYO CO.,LTD. has indicated that it may consider making a subscription proposal on terms favorable to MURAKI CORPORATION if MURAKI CORPORATION considers raising funds. It filed an amended Change Report with the Kanto Local Finance Bureau dated 22 July, clarifying in its amended report the purpose of its holdings, including promoting a capital and business alliance and acquiring control.