Policy for Responding to Large-Scale Purchases of Shares
First written in FY2016. 12 of 15 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 1 of 6 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「However, from the perspective of securing the common interests of shareholders and preventing impairment of corporate value, the Company will require parties seeking to conduct a large-scale purchase of its shares to provide the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclose the opinions of the Board of Directors and other relevant information, and endeavor to secure information and time for shareholders' consideration. It will also take appropriate measures pursuant to the Financial Instruments and Exchange Act, the Companies Act, and other relevant laws and regulations.」
As its basic policy after abolishing its takeover defense measures, the Company continues to provide information, disclose the opinions of the Board of Directors, secure time for consideration, and take measures pursuant to applicable laws and regulations, based on shareholders' free judgment. - FY2020-Q3RestatedAnnual report
「However, from the perspective of securing the common interests of shareholders and preventing impairment of corporate value, the Company will require parties seeking to conduct a large-scale purchase of its shares to provide the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclose the opinions of the Board of Directors and other relevant information, and endeavor to secure information and time for shareholders' consideration. It will also take appropriate measures pursuant to the Financial Instruments and Exchange Act, the Companies Act, and other relevant laws and regulations.」
As its policy following the abolition of its takeover defense measures, the Company continues to place primary emphasis on shareholders' free judgment while providing information, disclosing the opinions of the Board of Directors, securing time for consideration, and taking measures pursuant to applicable laws and regulations. - FY2020-Q2RestatedAnnual report
「However, from the perspective of securing the common interests of shareholders and preventing impairment of corporate value, the Company will require parties seeking to conduct a large-scale purchase of its shares to provide the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclose the opinions of the Board of Directors and other relevant information, and endeavor to secure information and time for shareholders' consideration. It will also take appropriate measures pursuant to the Financial Instruments and Exchange Act, the Companies Act, and other relevant laws and regulations.」
As its policy following the abolition of its takeover defense measures, the Company continues to place primary emphasis on shareholders' judgment while providing information, disclosing the opinions of the Board of Directors, securing time for consideration, and taking measures pursuant to applicable laws and regulations. - FY2020-Q1RestatedAnnual report
「However, from the perspective of securing the common interests of shareholders and preventing impairment of corporate value, the Company will require parties seeking to conduct a large-scale purchase of its shares to provide the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclose the opinions of the Board of Directors and other relevant information, and endeavor to secure information and time for shareholders' consideration. It will also take appropriate measures pursuant to the Financial Instruments and Exchange Act, the Companies Act, and other relevant laws and regulations.」
As its policy following the abolition of its takeover defense measures, the Company continues to place primary emphasis on shareholders' judgment while providing information, disclosing the opinions of the Board of Directors, securing time for consideration, and taking measures pursuant to applicable laws and regulations. - FY2019RestatedAnnual report
「The Company's shares are generally freely transferable and are actively traded by many investors through the stock market. Accordingly, the Company generally believes that control over decisions concerning its financial and business policies should also be determined through the free trading of its shares.」
As its basic policy after abolishing its takeover defense measures, the Company continues to place primary emphasis on shareholders' free judgment while providing necessary information, disclosing the opinions of the Board of Directors, securing time for consideration, and taking measures pursuant to applicable laws and regulations. - FY2019-Q3ReframedAnnual report
「However, from the perspective of securing the common interests of shareholders and preventing impairment of the Company's corporate value, we will require parties seeking to conduct a large-scale purchase of the Company's shares to provide the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclose the opinions of the Board of Directors and other relevant information, and endeavor to secure information and time for shareholders' consideration. We will also take appropriate measures pursuant to the Financial Instruments and Exchange Act, the Companies Act, and other relevant laws and regulations.」
After abolishing its takeover defense measures in June 2018, the Company adopted a basic policy under which shareholders' judgment is the primary consideration for large-scale purchases, while continuing to provide information, disclose the opinions of the Board of Directors, secure time for consideration, and take measures pursuant to applicable laws and regulations. - FY2018DroppedAnnual report
「As a result, the Company determined that the need for these takeover defense measures had relatively declined from the perspective of securing the common interests of shareholders and preventing impairment of corporate value. It therefore resolved not to continue the plan and to abolish it upon the conclusion of the 73rd ordinary general meeting of shareholders held on 26 June of that year, when the plan expired, and abolished it upon the conclusion of that meeting.」
The Company abolished its policy for responding to large-scale purchases upon the conclusion of the ordinary general meeting of shareholders held on 26 June 2018. - FY2018-Q3RestatedAnnual report
「The primary purpose of this plan is to ensure that the Company's Board of Directors has time, after receiving information in advance from a large-scale purchaser concerning a large-scale purchase proposal, to negotiate with the large-scale purchaser and examine the proposal, and to determine whether the proposal would contribute to enhancing the Company's corporate value and the common interests of its shareholders.」
The Company continued its takeover defense measures covering purchases that would result in a voting interest of 20% or more, including periods for providing required information and for review by the Board of Directors, until the conclusion of the ordinary general meeting of shareholders in June 2018. - FY2018-Q2RestatedAnnual report
「The primary purpose of this plan is to ensure that the Company's Board of Directors has time, after receiving information in advance from a large-scale purchaser concerning a large-scale purchase proposal, to negotiate with the large-scale purchaser and examine the proposal, and to determine whether the proposal would contribute to enhancing the Company's corporate value and the common interests of its shareholders.」
The Company continues its takeover defense measures, including the advance provision of information, a period for review and negotiations by the Board of Directors, and recommendations by the Corporate Value Enhancement Committee. The measures were effective until the conclusion of the ordinary general meeting of shareholders in June 2018. - FY2018-Q1RestatedAnnual report
「The primary purpose of this plan is to ensure that the Company's Board of Directors has time, after receiving information in advance from a large-scale purchaser concerning a large-scale purchase proposal, to negotiate with the large-scale purchaser and examine the proposal, and to determine whether the proposal would contribute to enhancing the Company's corporate value and the common interests of its shareholders.」
The Company continues its takeover defense measures, including the advance provision of information, a period for review and negotiations by the Board of Directors, and recommendations by the Corporate Value Enhancement Committee. The measures were effective until the conclusion of the ordinary general meeting of shareholders in June 2018. - FY2017RestatedAnnual report
「The primary purpose of this plan is to ensure that the Company's Board of Directors has time, after receiving information in advance from a large-scale purchaser concerning a large-scale purchase proposal, to negotiate with the large-scale purchaser and examine the proposal, and to determine whether the proposal would contribute to enhancing the Company's corporate value and the common interests of its shareholders.」
The Company continues its takeover defense measures covering purchases that would result in a voting interest of 20% or more, with a period for providing required information, a Board of Directors review period, and recommendations by the Corporate Value Enhancement Committee. The measures were effective until the conclusion of the ordinary general meeting of shareholders in June 2018. - FY2017-Q3RestatedAnnual report
「The primary purpose of this plan is to ensure that the Company's Board of Directors has time, after receiving information in advance from a large-scale purchaser concerning a large-scale purchase proposal, to negotiate with the large-scale purchaser and examine the proposal, and to determine whether the proposal would contribute to enhancing the Company's corporate value and the common interests of its shareholders.」
The Company continues its takeover defense measures, including the advance provision of information by large-scale purchasers and securing time for review and negotiations by the Board of Directors. - FY2017-Q2RestatedAnnual report
「The primary purpose of this plan is to ensure that the Company's Board of Directors has time, after receiving information in advance from a large-scale purchaser concerning a large-scale purchase proposal, to negotiate with the large-scale purchaser and examine the proposal, and to determine whether the proposal would contribute to enhancing the Company's corporate value and the common interests of its shareholders.」
The Company continues its takeover defense measures covering purchases that would result in a voting interest of 20% or more, with periods for providing required information and for review by the Board of Directors. The measures were effective until the conclusion of the ordinary general meeting of shareholders in June 2018. - FY2017-Q1RestatedAnnual report
「The primary purpose of this plan is to ensure that the Company's Board of Directors has time, after receiving information in advance from a large-scale purchaser (as defined below) concerning a large-scale purchase proposal (as defined below), to negotiate with the large-scale purchaser and examine the proposal, and to determine whether the proposal would contribute to enhancing the Company's corporate value and the common interests of its shareholders.」
The Company continues its takeover defense measures covering purchases that would result in a voting interest of 20% or more, with periods for providing required information and for review by the Board of Directors. The measures were effective until the conclusion of the ordinary general meeting of shareholders in June 2018. - FY2016First statedAnnual report
「The primary purpose of this plan is to ensure that the Company's Board of Directors has time, after receiving information in advance from a large-scale purchaser concerning a large-scale purchase proposal, to negotiate with the large-scale purchaser and examine the proposal, and to determine whether the proposal would contribute to enhancing the Company's corporate value and the common interests of its shareholders.」
The plan applies to purchases that would result in a voting interest of 20% or more. The period for providing required information is up to 60 days, and the Board of Directors' review period is up to 60 or 90 days. The plan was effective until the conclusion of the ordinary general meeting of shareholders in June 2018.