Base engages shareholder, abolishes defense policy

BASE Inc. announced on August 29, 2025, the signing of a confidentiality agreement with shareholder Hiroyuki Maki, following the completion of Maki's tender offer for BASE shares on August 14, 2025. The agreement aims to facilitate friendly engagement to maximize corporate value and shareholder interests.

The confidentiality agreement’s terms, which include a six-month lock-up period preventing Maki from acquiring or transferring BASE shares without consent, addressed the company's prior concerns. Consequently, BASE's board of directors, acting on the recommendation of its independent committee, resolved to abolish its "Fundamental Policy on Corporate Control" and "Response Policy for Large-Scale Acquisition of the Company's Shares," which were adopted on March 19, 2025.

The company stated that this friendly engagement is expected to ensure and enhance BASE's corporate value and the common interests of shareholders moving forward. Future developments will be promptly disclosed.