[Denki] Abolition of Response Measures Regarding Large-Scale Share Acquisitions | May 2026

Details of the Abolition of Response Measures

Denki has decided to abolish the response measures regarding large-scale share acquisitions at the 162nd Annual General Meeting of Shareholders scheduled for June 25, 2026. This decision reflects a commitment to prioritize corporate value and shareholder interests, demonstrating a stance to respond flexibly to takeover proposals. The abolition of these measures is part of an approach to respect shareholder intentions while aiming to maintain and enhance corporate value, even in cases involving proposals that lead to transfer of control.

Future Policies and Impact on Shareholders

Denki has clarified its policy to ensure and enhance corporate value and joint shareholder interests by appropriately responding to takeover proposals involving transfer of control. The company is considering taking countermeasures against large-scale share acquisitions as necessary, creating an environment where shareholders can make informed decisions with sufficient information and time. Moving forward, the company will focus on mid- to long-term corporate value enhancement and strengthened governance, fulfilling its responsibilities as a social infrastructure company.