Takeover Defense Measures to Protect Corporate Value and the Common Interests of Shareholders
First written in FY2020. 5 of 6 entries say "Restated". Latest entry: FY2026.
79 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「As set out in its basic policy, our Board of Directors believes that a party conducting a large-scale acquisition of our shares that does not contribute to the company's corporate value or the common interests of its shareholders is unsuitable to control decisions on the company's financial and business policies.」
The company continues its takeover defense measures to protect corporate value and the common interests of shareholders, including information provision by large-scale acquirers, decisions by the independent committee, confirmation of shareholder intent and countermeasures. - 2026-06-06RestatedGeneral Meetings of Shareholders
「This plan is intended to secure and enhance the company’s corporate value and the common interests of shareholders, and is consistent with the basic policy described in 1 above.」
The company reconfirms the framework for the takeover defense measures, including their purpose, the Independent Committee and confirmation of shareholder intent. - FY2025RestatedAnnual report
「As described below, this plan establishes procedures that an acquirer must follow to achieve the above objectives, including requiring an acquirer to provide information in advance when a party seeking to make a large-scale acquisition of our shares or other securities emerges.」
The company continues to disclose takeover defense measures to protect corporate value and the common interests of shareholders, including advance information provision by large-scale acquirers, decisions by the independent committee, confirmation of shareholder intent and countermeasures. - FY2022RestatedAnnual report
「As described below, this plan establishes procedures that an acquirer must follow to achieve the above objectives, including requiring an acquirer to provide information in advance when a party seeking to make a large-scale acquisition of our shares or other securities emerges.」
The company continues its takeover defense measures to protect corporate value and the common interests of shareholders, including advance information provision by large-scale acquirers, review by the independent committee, confirmation of shareholder intent and countermeasures. - FY2021RestatedAnnual report
「As described below, this plan establishes procedures that an acquirer must follow to achieve the above objectives, including requiring an acquirer to provide information in advance when a party seeking to make a large-scale acquisition of our shares or other securities emerges.」
The company continues its takeover defense measures to protect corporate value and the common interests of shareholders, including advance information provision by large-scale acquirers, review by the independent committee, confirmation of shareholder intent and countermeasures. - FY2020First statedAnnual report
「As described below, this plan establishes procedures that an acquirer must follow to achieve the above objectives, including requiring an acquirer to provide information in advance when a party seeking to make a large-scale acquisition of our shares or other securities emerges. Once procedures under this plan have begun, the acquirer and related parties may not execute the acquisition until the Board of Directors or the General Meeting of Shareholders resolves not to trigger the plan. If subscription rights to shares are allotted without consideration under this plan and shares of the company are delivered to shareholders other than the acquirer and related parties upon their exercise or acquisition by the company, the acquirer's and related parties' voting-rights ratio may be diluted by up to 50%.」
The plan establishes procedures for information provision by large-scale acquirers, review by the independent committee and confirmation of shareholder intent, as well as a free allotment of subscription rights to shares as a countermeasure, and states that the acquirer's voting-rights ratio may be diluted by up to 50%.