Anti-Takeover Measures

Adoption of Anti-Takeover Measures

The Company has not adopted anti-takeover measures.

・The Company believes that the individuals controlling decisions related to its finances and business policies must sufficiently understand the Group's finances, the nature of its businesses, and its corporate value, and be capable of continually ensuring and improving group-wide corporate value and the common interests of the shareholders. If a large-scale purchaser makes a tender offer or other takeover bid for the Company's shares that threatens to erode group-wide corporate value or the common interests of the shareholders, the Board of Directors will take the following measures to ensure shareholder rights to sell their shares are not infringed.

1. 1The Board of Directors will ask the large-scale purchaser to disclose sufficient information to ensure shareholders can appropriately evaluate the pros and cons of the large-scale purchase.
2. 2The Board of Directors will disclose its opinions and views on the tender offer or takeover bid, and take appropriate measures such as striving to ensure shareholders receive the necessary time to consider the proposal.