Takeover defense measures to secure the information and time necessary for shareholders to make a judgment
First written in FY2016. 10 of 14 entries say "Restated". Latest entry: FY2020-Q1.
The whole theme swung hardest in 2023: 1 of 6 companies on the "Worse" side.
35 other companies' latest entry also says "Dropped".
- FY2020-Q1DroppedAnnual report
「This plan was discontinued when the General Meeting concluded.」
The filing confirms that discontinuation of the takeover defense measures was completed when the Annual General Meeting of Shareholders held on 27 June 2019 concluded. - FY2019DroppedAnnual report
「At a meeting of the board of directors held on 13 May 2019, the company resolved not to continue this plan and to discontinue it when the General Meeting at which its effective period expires concludes.」
A resolution was adopted to discontinue the takeover defense measures when the Annual General Meeting of Shareholders held on 27 June 2019 concluded, and the company decided not to continue them. - FY2019-Q3RestatedAnnual report
「The purpose of this plan is to secure the information and time necessary and sufficient for shareholders to make an informed judgment if a large-scale acquisition of the company's shares is proposed, as well as opportunities to negotiate with the acquiring party and other parties, thereby protecting and enhancing the company's corporate value and the common interests of shareholders.」
The company continues to explain that the takeover defense measures secure the information and time necessary for shareholders to make a judgment and opportunities to negotiate with the acquiring party and other parties. - FY2019-Q2RestatedAnnual report
「The purpose of this plan is to secure the information and time necessary and sufficient for shareholders to make an informed judgment if a large-scale acquisition of the company's shares is proposed, as well as opportunities to negotiate with the acquiring party and other parties, thereby protecting and enhancing the company's corporate value and the common interests of shareholders.」
The company continues to explain that the takeover defense measures secure the information and time necessary for shareholders to make a judgment and opportunities to negotiate with the acquiring party and other parties. - FY2019-Q1RestatedAnnual report
「The plan includes a so-called sunset clause under which it remains effective for approximately 3 years. Even before the end of that period, the plan will be discontinued if the company's shareholders adopt a resolution to revoke the above delegation resolution, or if the company's board of directors, composed of directors elected at a shareholders meeting, adopts a resolution to discontinue the plan.」
The company continues to explain the approximately 3-year sunset clause, which reflects shareholders' intentions, and the conditions for discontinuing the takeover defense measures. - FY2018RestatedAnnual report
「The purpose of this plan is to secure the information and time necessary and sufficient for shareholders to make an informed judgment if a large-scale acquisition of the company's shares is proposed, as well as opportunities to negotiate with the acquiring party and other parties, thereby protecting and enhancing the company's corporate value and the common interests of shareholders.」
The company continues to explain that the takeover defense measures secure shareholders' time and information for making a judgment, as well as opportunities for negotiation. - FY2018-Q3RestatedAnnual report
「The purpose of this plan is to secure the information and time necessary and sufficient for shareholders to make an informed judgment if a large-scale acquisition of the company's shares is proposed, as well as opportunities to negotiate with the acquiring party and other parties, thereby protecting and enhancing the company's corporate value and the common interests of shareholders.」
The company continues to explain the purpose of the takeover defense measures, the information and time necessary for shareholders to make a judgment, and the securing of opportunities to negotiate with the acquiring party and other parties. - FY2018-Q2RestatedAnnual report
「The purpose of this plan is to secure the information and time necessary and sufficient for shareholders to make an informed judgment if a large-scale acquisition of the company's shares is proposed, as well as opportunities to negotiate with the acquiring party and other parties, thereby protecting and enhancing the company's corporate value and the common interests of shareholders.」
The company continues to explain the purpose of the takeover defense measures, the information and time necessary for shareholders to make a judgment, and the securing of opportunities to negotiate with the acquiring party and other parties. - FY2018-Q1RestatedAnnual report
「The purpose of this plan is to secure the information and time necessary and sufficient for shareholders to make an informed judgment if a large-scale acquisition of the company's shares is proposed, as well as opportunities to negotiate with the acquiring party and other parties, thereby protecting and enhancing the company's corporate value and the common interests of shareholders.」
The company continues to explain the purpose of the takeover defense measures, the information and time necessary for shareholders to make a judgment, and the securing of opportunities to negotiate with the acquiring party and other parties. - FY2017RestatedAnnual report
「The purpose of this plan is to secure the information and time necessary and sufficient for shareholders to make an informed judgment if a large-scale acquisition of the company's shares is proposed, as well as opportunities to negotiate with the acquiring party and other parties, thereby protecting and enhancing the company's corporate value and the common interests of shareholders.」
The company continues to explain the purpose of the takeover defense measures, advance provision of information, time for shareholders to make a judgment, opportunities for negotiation, the Independent Committee, and an approximately 3-year sunset clause. - FY2017-Q3RestatedAnnual report
「The purpose of this plan is to secure the information and time necessary and sufficient for shareholders to make an informed judgment if a large-scale acquisition of the company's shares is proposed, as well as opportunities to negotiate with the acquiring party and other parties, thereby protecting and enhancing the company's corporate value and the common interests of shareholders.」
The company continues to explain the purpose of the takeover defense measures, the information and time necessary for shareholders to make a judgment, and the securing of opportunities to negotiate with the acquiring party and other parties. No new renewal approval or similar record is disclosed. - FY2017-Q2RestatedAnnual report
「The purpose of this plan is to secure the information and time necessary and sufficient for shareholders to make an informed judgment if a large-scale acquisition of the company's shares is proposed, as well as opportunities to negotiate with the acquiring party and other parties, thereby protecting and enhancing the company's corporate value and the common interests of shareholders.」
The filing reiterates the purpose of the takeover defense measures, advance provision of information, and securing time for shareholders to make a judgment and opportunities for negotiation. This is a continuing explanation based on the renewal approval in the previous quarter, with no new renewal record. - FY2017-Q1AdvancedAnnual report
「The company renewed this plan with the approval of shareholders at this General Meeting. The plan also includes a so-called sunset clause under which it remains effective for approximately 3 years. Even before the end of that period, the plan will be discontinued if the company's shareholders adopt a resolution to revoke the above delegation resolution, or if the company's board of directors, composed of directors elected at a shareholders meeting, adopts a resolution to discontinue the plan.」
The filing states that renewal of the takeover defense measures was approved at the Annual General Meeting of Shareholders held on 29 June 2016. - FY2016First statedAnnual report
「The purpose of this plan is to secure the information and time necessary and sufficient for shareholders to make an informed judgment if a large-scale acquisition of the company's shares is proposed, as well as opportunities to negotiate with the acquiring party and other parties, thereby protecting and enhancing the company's corporate value and the common interests of shareholders.」
The plan was renewed with shareholder approval and provides for an approximately 3-year sunset clause, advance provision of information, an Independent Committee and other measures.