Maintaining the Sources of Corporate Value and Responding to Inappropriate Large-Scale Purchases
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2017.
The whole theme swung hardest in 2024: 2 of 19 companies on the "Worse" side.
50 other companies' latest entry also says "Restated".
- FY2017RestatedAnnual report
「The company resolved at a meeting of the Board of Directors held on 24 January 2017 to abolish the basic policy concerning the appropriate party to determine its financial and business policies.」
The company restates the abolition of the basic policy and its view that, although a person who understands the sources of corporate value is desirable, the final decision should be left to shareholders. - FY2017-Q3RestatedAnnual report
「The company notes that, at a meeting of the Board of Directors held on 24 January 2017, it resolved to abolish the basic policy concerning the appropriate party to determine the company's financial and business policies. The company believes that it is desirable for the person who determines its financial and business policies to fully understand the content of its finances and business and the sources of corporate value described above, but recognizes that the final decision should be left to shareholders at that time. The company also believes that enabling its shareholders to make appropriate decisions based on the necessary information and a reasonable period for consideration is necessary to secure and enhance its corporate value and the common interests of shareholders.」
The company restates its abolition of the basic policy and its view that priority should be given to shareholders making the final decision and having access to the necessary information and consideration period. - FY2017-Q2ReframedAnnual report
「The company notes that, at a meeting of the Board of Directors held on 24 January 2017, it resolved to abolish the basic policy concerning the appropriate party to determine the company's financial and business policies. The company believes that it is desirable for the person who determines its financial and business policies to fully understand the content of its finances and business and the sources of corporate value described above, but recognizes that the final decision should be left to shareholders at that time. The company also believes that enabling its shareholders to make appropriate decisions based on the necessary information and a reasonable period for consideration is necessary to secure and enhance its corporate value and the common interests of shareholders.」
The company resolved to abolish the basic policy concerning the appropriate party to determine its financial and business policies, shifting its focus from a basic policy on large-scale purchases to ensuring that shareholders make the final decision based on the necessary information and consideration period. - FY2017-Q1RestatedAnnual report
「The company believes that the person who controls decisions on its financial and business policies must fully understand the content of its finances and business and the sources of its corporate value, and must be capable of continuously and sustainably securing and enhancing the company's corporate value and the common interests of its shareholders.」
The company restates its basic policy that control should be held by a person who understands the sources of corporate value and continuously enhances the common interests of shareholders, as well as its policy of gathering and disclosing information and responding appropriately in the event of a large-scale purchase. - FY2016First statedAnnual report
「The Group considers its sources of corporate value to be (1) its development and marketing capabilities in establishing brands and developing them into long-selling products, (2) its sales capabilities in promoting measures to expand sales, (3) its production systems and manufacturing technologies supporting sales growth and quality improvement, and (4) its employees, who fully understand the Group's corporate philosophy and maintain, develop and pass it on. The Group believes that understanding these sources of corporate value is essential to its further development.」
The company identifies its brands, sales capabilities, production technologies and employees as sources of corporate value, and states that it will gather and disclose information and respond in accordance with laws and its articles of incorporation in the event of a large-scale purchase.