Makino Milling Machine faces injunction over share option allotment

Makino Milling Machine Co., Ltd. (TSE:6135) announced today that Nidec Corporation has petitioned for a provisional injunction against its allotment of First Class A Share Options without contribution, which was resolved on April 10, 2025. Makino stated that it has not yet received the written petition and is basing its response on Nidec's disclosure. The injunction relates to measures introduced on March 19, 2025, under takeover response policies. Nidec, holding 100 shares (0.00% ownership ratio), filed the petition in the Tokyo District Court, though this detail is inferred. Makino believes the share option allotment was lawful and fairly decided, and considers the petition baseless, it will disclose any new developments.