At a meeting of the Board of Directors held on November 11, 2024, the Company resolved to express its opinion in favor of the tender offer for the Company's common shares by YS SHOUJI Co., Ltd as part of a management buyout (MBO)* and to recommend that the Company's shareholders tender their shares in response to the tender offer.

 

Please refer to the following for a list of releases.

 

* “Management Buyout (MBO)” generally refers to a transaction in which the management of the target company invests all or part of the acquisition funds and acquires the shares of the target company on the premise that the business of the target company will continue.