A company shall comply with the following guidelines, when it intends to acquire its own shares in accordance with subparagraph 1 of Article 9:
1. When the company intends to acquire its own shares in accordance with a resolution adopted under Article 341(2) of the Act, it shall determine the following matters by a resolution of its board of directors. In such cases, the conditions for acquisition of shares shall be uniformly determined each time the board of directors adopts a resolution:a. Purpose of acquiring its own shares;b. Classes and the number of shares to be acquired;c. Details of the money or other assets to be delivered in exchange for each share (excluding its treasury stock; hereafter referred to as "money or other assets" in this Article) and the method of calculation thereof;d. Total amount of the money or other assets to be delivered in exchange for the stock;e. The period during which a share transfer application may be filed, which shall not be less than 20 days nor more than 60 days (hereafter referred to as "filing period for a transfer application" in this Article);f. The time to deliver money or other assets in exchange for a transfer, which shall not be later than one month from the end of the filing date of a transfer application, and other conditions for acquisition of shares;
2. The company shall notify each shareholder of its financial standing, the current holdings of its own shares, and the information specified in subparagraph 1, in writing or by electronic document, subject to each shareholder's consent thereto, by not later than two weeks before the commencement of the filing period for a transfer application; provided, if the company has issued unregistered stock certificates, it shall give public announcement by not later than three weeks before the filing period for a transfer application;
3. A shareholder who intends to transfer his or her shares to the company shall file a share transfer application in writing, stating the class and number of shares he or she intends to transfer, by not later than the last day of the filing period for a transfer application;
4. Where a shareholder files a share transfer application with the company under subparagraph 3, the last day of the filing period for a transfer application shall be the date of formation of the agreement on stock acquisition between the company and the shareholder; and the number of shares calculated by multiplying the number of shares that the shareholder offers to sell in the application filed under subparagraph 3 by the figure obtained by dividing the number of shares that the company intends to acquire under subparagraph 1b by the total number of shares offered to sell in the application (a fraction, if any, shall be cut off) shall be the scope of the agreement formed, if the total number of shares that the shareholder offers to sell in the application exceeds the total number of shares that the company intends to acquire.