Risk of Impairment to Corporate Value and the Common Interests of Shareholders from a Large-Scale Purchase
First written in FY2016. 15 of 17 entries say "Restated". Latest entry: FY2021-Q3.
The whole theme swung hardest in 2025: 3 of 26 companies on the "Worse" side.
87 other companies' latest entry also says "Restated".
- FY2021-Q3RestatedAnnual report
「During the third quarter cumulative consolidated period, there were no significant changes to, or newly emerging, risks that management recognizes could affect the group’s operating performance, financial position or other matters.」
No material changes or new occurrences were reported regarding the risk that a large-scale acquisition could impair corporate value and the common interests of shareholders. - FY2020RestatedAnnual report
「From the perspective of enhancing corporate value and the common interests of shareholders, the company will take appropriate measures from time to time under the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations, including working to secure the information and time necessary for shareholders' consideration.」
Even after discontinuing the takeover defense measures, the company continues to maintain a policy of securing information and time concerning a large-scale acquisition and responding under applicable laws and regulations. - FY2020-Q3RestatedAnnual report
「The company will continue, even after discontinuing this plan, to work to enhance its corporate value and the common interests of shareholders. With respect to parties seeking to conduct a large-scale acquisition of the company's shares, the company will request the necessary and sufficient information for shareholders to make an informed judgment on the merits of the acquisition, disclose the opinions of the company's board of directors and other relevant information, and work to secure the information and time necessary for shareholders' consideration. From the perspective of enhancing corporate value and the common interests of shareholders, the company will take appropriate measures from time to time under the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations.」
Even after discontinuing the takeover defense measures, the company continues to maintain a policy of securing the information and time necessary for shareholders to make a judgment and taking appropriate measures under applicable laws and regulations. - FY2020-Q2RestatedAnnual report
「The company will continue, even after discontinuing this plan, to work to enhance its corporate value and the common interests of shareholders. With respect to parties seeking to conduct a large-scale acquisition of the company's shares, the company will request the necessary and sufficient information for shareholders to make an informed judgment on the merits of the acquisition, disclose the opinions of the company's board of directors and other relevant information, and work to secure the information and time necessary for shareholders' consideration. From the perspective of enhancing corporate value and the common interests of shareholders, the company will take appropriate measures from time to time under the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations.」
Even after discontinuing the takeover defense measures, the company continues to maintain a policy of securing the information and time necessary for shareholders to make a judgment and taking appropriate measures under applicable laws and regulations. - FY2020-Q1ReframedAnnual report
「However, some large-scale acquisitions of shares and similar transactions may, based on their purpose and other factors, clearly infringe on corporate value and the common interests of shareholders. Others may fail to provide the target company's board of directors and shareholders with sufficient time or information to consider the transaction, or the target company's board of directors with sufficient time or information to propose an alternative, and therefore may not serve the corporate value or the common interests of shareholders.」
Even after the takeover defense measures were discontinued, the company recognized that a large-scale acquisition could impair corporate value and the common interests of shareholders, while positioning its response to such risks as securing information and time and taking measures under applicable laws and regulations rather than relying on this plan. - FY2019-Q3RestatedAnnual report
「If the stock acquisition rights are allotted without consideration under this plan and shares of the company are delivered only to shareholders other than the acquiring party and other parties upon their exercise or acquisition by the company, the percentage of voting rights held by the acquiring party and other parties may be diluted by up to 50%.」
The filing continues to describe the rights offering of stock acquisition rights without consideration in the event of a large-scale acquisition and the possibility that the acquiring party's and other parties' voting rights could be diluted by up to 50%. - FY2019-Q2RestatedAnnual report
「If the stock acquisition rights are allotted without consideration under this plan and shares of the company are delivered only to shareholders other than the acquiring party and other parties upon their exercise or acquisition by the company, the percentage of voting rights held by the acquiring party and other parties may be diluted by up to 50%.」
The filing continues to describe the rights offering of stock acquisition rights without consideration in the event of a large-scale acquisition and the possibility that the acquiring party's and other parties' voting rights could be diluted by up to 50%. - FY2019-Q1RestatedAnnual report
「If the stock acquisition rights are allotted without consideration under this plan and shares of the company are delivered only to shareholders other than the acquiring party and other parties upon their exercise or acquisition by the company, the percentage of voting rights held by the acquiring party and other parties may be diluted by up to 50%.」
The filing continues to describe the rights offering of stock acquisition rights without consideration in the event of a large-scale acquisition and the possibility that the acquiring party's and other parties' voting rights could be diluted by up to 50%. - FY2018RestatedAnnual report
「If the stock acquisition rights are allotted without consideration under this plan and shares of the company are delivered only to shareholders other than the acquiring party and other parties upon their exercise or acquisition by the company, the percentage of voting rights held by the acquiring party and other parties may be diluted by up to 50%.」
The filing continues to describe the rights offering of stock acquisition rights without consideration in the event of a large-scale acquisition and the possibility that the acquiring party's and other parties' voting rights could be diluted by up to 50%. - FY2018-Q3RestatedAnnual report
「If the stock acquisition rights are allotted without consideration under this plan and shares of the company are delivered only to shareholders other than the acquiring party and other parties upon their exercise or acquisition by the company, the percentage of voting rights held by the acquiring party and other parties may be diluted by up to 50%.」
The filing reiterates the possibility, under the takeover defense measures, that the acquiring party's and other parties' voting rights could be diluted by up to 50%. - FY2018-Q2RestatedAnnual report
「If the stock acquisition rights are allotted without consideration under this plan and shares of the company are delivered only to shareholders other than the acquiring party and other parties upon their exercise or acquisition by the company, the percentage of voting rights held by the acquiring party and other parties may be diluted by up to 50%.」
The filing continues to describe the possibility, under the takeover defense measures, that the acquiring party's and other parties' voting rights could be diluted by up to 50%. - FY2018-Q1RestatedAnnual report
「If the stock acquisition rights are allotted without consideration under this plan and shares of the company are delivered only to shareholders other than the acquiring party and other parties upon their exercise or acquisition by the company, the percentage of voting rights held by the acquiring party and other parties may be diluted by up to 50%.」
The filing reiterates the possibility, under the takeover defense measures, that the acquiring party's and other parties' voting rights could be diluted by up to 50%. - FY2017RestatedAnnual report
「If the stock acquisition rights are allotted without consideration under this plan and shares of the company are delivered only to shareholders other than the acquiring party and other parties upon their exercise or acquisition by the company, the percentage of voting rights held by the acquiring party and other parties may be diluted by up to 50%.」
The filing continues to describe the possibility of a rights offering of stock acquisition rights without consideration in the event of a large-scale acquisition and dilution of the acquiring party's and other parties' voting rights by up to 50%. - FY2017-Q3RestatedAnnual report
「If the stock acquisition rights are allotted without consideration under this plan and shares of the company are delivered only to shareholders other than the acquiring party and other parties upon their exercise or acquisition by the company, the percentage of voting rights held by the acquiring party and other parties may be diluted by up to 50%.」
The filing reiterates the possibility that voting rights could be diluted by up to 50% in the event of a large-scale acquisition. - FY2017-Q2RestatedAnnual report
「If the stock acquisition rights are allotted without consideration under this plan and shares of the company are delivered only to shareholders other than the acquiring party and other parties upon their exercise or acquisition by the company, the percentage of voting rights held by the acquiring party and other parties may be diluted by up to 50%.」
The filing reiterates the same possibility as before that voting rights could be diluted by up to 50% in the event of a large-scale acquisition. - FY2017-Q1RestatedAnnual report
「If the stock acquisition rights are allotted without consideration under this plan and shares of the company are delivered only to shareholders other than the acquiring party and other parties upon their exercise or acquisition by the company, the percentage of voting rights held by the acquiring party and other parties may be diluted by up to 50%.」
The risk of dilution of voting rights in the event of a large-scale acquisition continues to be described as potentially reaching the same maximum of 50%. - FY2016First statedAnnual report
「The percentage of voting rights held by the acquiring party and other parties may be diluted by up to 50%.」
The filing describes the possibility of a large-scale acquisition that could impair corporate value and the upper limit on dilution through stock acquisition rights.