Kobayashi Pharmaceutical: We have received an initial, non-binding joint proposal from NSSK and CVC Capital Partners related entities involving a potential privatization transaction, which is proposed as a viable solution to enhance the company's corporate value.

Kobayashi Pharmaceutical: We have received an initial, non-binding joint proposal from NSSK and CVC Capital Partners related entities involving a potential privatization transaction, which is proposed as a viable solution to enhance the company's corporate value.