Introduction of Takeover Defense Measures Against Large-Scale Acquisition Activities
First written in FY2022. 14 of 23 entries say "Advanced", first in FY2026-H1. Latest entry: 2026-10-20.
27 other companies' latest entry also says "Advanced".
- 2026-09-18Advanceddiamond.jp
「The company also activated its takeover defense measures, and the Chiba District Court upheld the company’s arguments.」
Reports concrete developments concerning the takeover defense measures, including their activation and the court’s recognition of the company’s arguments. - FY2026-H1AdvancedAnnual report
「Specifically, these expenses include costs for responding to general meetings of shareholders, advisory fees related to implementing takeover defenses, shareholder investigation costs, advisory fees related to shareholder relations, and public relations costs. They differ in nature from expenses incurred regularly in the ordinary course of business activities.」
Actual response and operating expenses have arisen in connection with the policy for responding to large-scale acquisitions, including advisory fees related to implementing takeover defenses, shareholder investigations and public relations responses. - FY2025RestatedAnnual report
「The above “⑪ Basic Policy Regarding Corporate Control” reflects the content as of 26 November 2025, the date of submission of the securities report. The Company has proposed, as an agenda item for the annual general meeting of shareholders scheduled for 30 November 2025, “Matter concerning the update of measures concerning large-scale acquisitions of the Company’s shares (policy for responding to takeovers).” If the proposal is approved, the above content will be partially changed.」
The Company continues to operate its measures for responding to large-scale acquisitions and has proposed an update at the annual general meeting of shareholders. - FY2023RestatedAnnual report
「The effective period of this plan will end at the close of the annual general meeting of shareholders concerning the last fiscal year ending within 3 years after the close of this annual general meeting of shareholders.」
The Company reconfirmed its policy and effective period for operating takeover defenses against large-scale acquisitions of 20% or more, including an independent committee and a shareholders’ meeting to confirm shareholder intent. - FY2022First statedAnnual report
「At a meeting of the Board of Directors held on 24 October 2022, the Company established a basic policy concerning the manner in which persons controlling decisions on its financial and business policies should be determined, with the aim of protecting and enhancing corporate value and the common interests of shareholders. It also resolved to adopt measures concerning large-scale acquisitions of the Company’s shares, constituting takeover defenses, to prevent persons deemed inappropriate under the basic policy from controlling decisions on its financial and business policies. The measures were approved by shareholders at the 38th annual general meeting of shareholders held on 24 November 2022.」
The Company newly adopted takeover defenses against large-scale acquisitions, including securing the necessary information and time, establishing an independent committee, and, in certain cases, the free allotment of stock acquisition rights. In principle, the measures apply to purchases and other transactions that would result in a shareholding ratio of 20% or more.