Komori
Kikkoman (2801) · RiskDropped

Damage to Corporate Value and Common Interests of Shareholders from a Large-Scale Acquisition

First written in FY2016. 15 of 19 entries say "Restated". Latest entry: FY2025.

19entries
10years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2019-Q3RestatedFY2020-Q1 – FY2022-Q1RestatedFY2024-Q1 – FY20252016: 320162017: 320172018: 220182019: 420192020: 120202021: 120212022: 120222023: 220232024: 120242025: 12025
Same theme, other companies
Large-Scale Share Purchases and Acquisition Proposals that May Damage Enterprise ValueA theme 119 companies write about · 120 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2025: 3 of 26 companies on the "Worse" side.

11 other companies' latest entry also says "Dropped".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 119 companies compared. The sentences above are computed from all 119.
Full recordFilings, disclosures and news, newest first
  1. FY2025DroppedAnnual report

    「At a meeting of the Board of Directors held on 28 April 2025, the Company decided not to renew this response policy, whose effective period will expire at the conclusion of the 114th Annual General Meeting of Shareholders scheduled for 24 June 2025.」

    The Company decided not to renew its policy for responding to acquisitions based on the approval granted at the June 2022 shareholders' meeting, effective at the conclusion of the Annual General Meeting of Shareholders on 24 June 2025.
  2. FY2025-H1RestatedAnnual report

    「During the interim consolidated accounting period, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    It was determined that there had been no new risks or material changes involving the risk that a large-scale purchase would impair corporate value or the common interests of shareholders.
  3. FY2024-Q2RestatedAnnual report

    「During the six-month period ended the second quarter, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    It was determined that there had been no new risks or material changes involving the risk that a large-scale purchase would impair corporate value or the common interests of shareholders.
  4. FY2024-Q1RestatedAnnual report

    「During the first quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    It was determined that there had been no new risks or material changes involving the risk that a large-scale purchase would impair corporate value or the common interests of shareholders.
  5. FY2022AdvancedAnnual report

    「The Company's Board of Directors received approval for its rules concerning large-scale purchases (the "Large-Scale Purchase Rules") at the 111th Annual General Meeting of Shareholders held on 21 June 2022.」

    Approval was confirmed at the Annual General Meeting of Shareholders held on 21 June 2022 for the policy for responding to acquisitions targeting holdings of 20% or more.
  6. FY2022-Q1RestatedAnnual report

    「No new business or other risks arose during the 1st quarter cumulative period. There were also no material changes to the risks described in the securities report for the previous fiscal year.」

    It was determined that there had been no new risks or material changes involving the risk that a large-scale purchase would impair corporate value or the common interests of shareholders.
  7. FY2020-Q3RestatedAnnual report

    「The Company's response policy concerning purchases of the Company's shares or other equity securities intended to result in an ownership interest of 20% or more, or purchases that result in an ownership interest of 20% or more, was approved at the 108th Annual General Meeting of Shareholders held on 25 June 2019. Such purchases are referred to below as "large-scale purchases," and those carrying out or intending to carry out large-scale purchases are referred to as "large-scale purchasers." Under this policy, shareholders approved the Company's decision, in accordance with Article 13 of the Company's Articles of Incorporation and the procedures set out below, on matters concerning the gratis allotment of share acquisition rights at a general meeting of shareholders or by the Company's Board of Directors.」

    The company reconfirmed that its policy for responding to large-scale purchases targeting holdings of 20% or more remained effective following approval at the Annual General Meeting of Shareholders held on 25 June 2019.
  8. FY2020-Q2RestatedAnnual report

    「The Company's response policy concerning purchases of the Company's shares or other equity securities intended to result in an ownership interest of 20% or more, or purchases that result in an ownership interest of 20% or more, was approved at the 108th Annual General Meeting of Shareholders held on 25 June 2019. Such purchases are referred to below as "large-scale purchases," and those carrying out or intending to carry out large-scale purchases are referred to as "large-scale purchasers." Under this policy, shareholders approved the Company's decision, in accordance with Article 13 of the Company's Articles of Incorporation and the procedures set out below, on matters concerning the gratis allotment of share acquisition rights at a general meeting of shareholders or by the Company's Board of Directors.」

    The company reconfirmed that its policy for responding to large-scale purchases targeting holdings of 20% or more remained effective following approval at the Annual General Meeting of Shareholders held on 25 June 2019.
  9. FY2020-Q1RestatedAnnual report

    「The Company's response policy concerning purchases of the Company's shares or other equity securities intended to result in an ownership interest of 20% or more, or purchases that result in an ownership interest of 20% or more, was approved at the 108th Annual General Meeting of Shareholders held on 25 June 2019. Such purchases are referred to below as "large-scale purchases," and those carrying out or intending to carry out large-scale purchases are referred to as "large-scale purchasers." Under this policy, shareholders approved the Company's decision, in accordance with Article 13 of the Company's Articles of Incorporation and the procedures set out below, on matters concerning the gratis allotment of share acquisition rights at a general meeting of shareholders or by the Company's Board of Directors.」

    The company reconfirmed that its policy for responding to large-scale purchases targeting holdings of 20% or more remained effective following approval at the Annual General Meeting of Shareholders held on 25 June 2019.
  10. FY2019AdvancedAnnual report

    「The Company's response policy concerning purchases of the Company's shares or other equity securities intended to result in an ownership interest of 20% or more, or purchases that result in an ownership interest of 20% or more, was approved at the 108th Annual General Meeting of Shareholders held on 25 June 2019.」

    Approval at the Annual General Meeting of Shareholders held on 25 June 2019 of the policy for responding to large-scale purchases involving an ownership interest of 20% or more was confirmed.
  11. FY2019-Q3RestatedAnnual report

    「Based on Article 13 of its Articles of Incorporation, the Company has established a response policy covering purchases of the Company's shares or other equity securities intended to result in an ownership interest of 20% or more, or purchases that result in an ownership interest of 20% or more.」

    The Company reconfirmed its policy for responding to large-scale purchases involving an ownership interest of 20% or more. It was reported that there had been no new occurrences of, or material changes in, business or other risks.
  12. FY2019-Q2RestatedAnnual report

    「Based on Article 13 of its Articles of Incorporation, the Company has established a response policy covering purchases of the Company's shares or other equity securities intended to result in an ownership interest of 20% or more, or purchases that result in an ownership interest of 20% or more.」

    The Company reconfirmed its policy for responding to large-scale purchases involving an ownership interest of 20% or more. It was reported that there had been no new occurrences of, or material changes in, business or other risks.
  13. FY2019-Q1RestatedAnnual report

    「Based on Article 13 of its Articles of Incorporation, the Company has established a response policy concerning purchases of the Company's shares or other equity securities intended to result in an ownership interest of 20% or more, or purchases that result in an ownership interest of 20% or more. Such purchases are referred to below as "large-scale purchases," and those carrying out or intending to carry out large-scale purchases are referred to as "large-scale purchasers." Shareholders have approved the delegation to the Company's Board of Directors of the authority to decide on matters concerning the gratis allotment of share acquisition rights under the policy, in accordance with the procedures set out in ③ below, as follows.」

    The Company reconfirmed its policy for responding to large-scale purchases intended to result in, or resulting in, an ownership interest of 20% or more. It was also reported that there were no new business or other risks during the quarter.
  14. FY2018-Q2RestatedAnnual report

    「Based on Article 13 of its Articles of Incorporation, the Company has established a response policy concerning purchases of the Company's shares or other equity securities intended to result in an ownership interest of 20% or more, or purchases that result in an ownership interest of 20% or more. Such purchases are referred to below as "large-scale purchases," and those carrying out or intending to carry out large-scale purchases are referred to as "large-scale purchasers." Shareholders have approved the delegation to the Company's Board of Directors of the authority to decide on matters concerning the gratis allotment of share acquisition rights under the policy, in accordance with the procedures set out in ③ below, as follows.」

    The policy for responding to large-scale purchases intended to result in, or resulting in, an ownership interest of 20% or more, and shareholder approval, were reiterated.
  15. FY2018-Q1RestatedAnnual report

    「Based on Article 13 of its Articles of Incorporation, the Company has established a response policy concerning purchases of the Company's shares or other equity securities intended to result in an ownership interest of 20% or more, or purchases that result in an ownership interest of 20% or more. Such purchases are referred to below as "large-scale purchases," and those carrying out or intending to carry out large-scale purchases are referred to as "large-scale purchasers." Shareholders have approved the delegation to the Company's Board of Directors of the authority to decide on matters concerning the gratis allotment of share acquisition rights under the policy, in accordance with the procedures set out in ③ below, as follows.」

    The policy for responding to large-scale purchases intended to result in, or resulting in, an ownership interest of 20% or more, and shareholder approval, were reiterated.
  16. FY2017-Q3RestatedAnnual report

    「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    It was reported that there were no material changes in the risks associated with large-scale purchases intended to result in, or resulting in, an ownership interest of 20% or more.
  17. FY2017-Q2RestatedAnnual report

    「Based on Article 13 of its Articles of Incorporation, the Company has established a response policy concerning purchases of the Company's shares or other equity securities intended to result in an ownership interest of 20% or more, or purchases that result in an ownership interest of 20% or more. Such purchases are referred to below as "large-scale purchases," and those carrying out or intending to carry out large-scale purchases are referred to as "large-scale purchasers."」

    The policy for responding to large-scale purchases intended to result in, or resulting in, an ownership interest of 20% or more was reiterated.
  18. FY2017-Q1RestatedAnnual report

    「Based on Article 13 of its Articles of Incorporation, the Company has established a response policy covering purchases of the Company's shares or other equity securities intended to result in an ownership interest of 20% or more, or purchases that result in an ownership interest of 20% or more.」

    The policy for protecting corporate value and the common interests of shareholders in response to large-scale purchases involving an ownership interest of 20% or more was reiterated.
  19. FY2016First statedAnnual report

    「Based on Article 13 of its Articles of Incorporation, the Company has established a response policy covering purchases of the Company's shares or other equity securities intended to result in an ownership interest of 20% or more, or purchases that result in an ownership interest of 20% or more.」

    Recognition of risks associated with large-scale purchases intended to result in, or resulting in, an ownership interest of 20% or more.
Moved together

"Improving Profitability, Overseas Growth and Domestic Productivity" moved the same way as this thread, in the same document, in 2 of its 19 moves.

222222★123456
  1. ★This thread
  2. 1Improving Profitability, Overseas Growth and Domestic Productivity2×
  3. 2Making the overseas business a driver of growth2×
  4. 3Establishing a strong position through a global network and high-quality products and services2×
  5. 4Growth of Soy Sauce-Related Seasonings and Improved Profitability2×
  6. 5Returning profits to shareholders twice a year through the introduction of an interim dividend2×
  7. 6Improving Capital Efficiency with ROE as the Target Metric2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Kikkoman yet.
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Damage to Corporate Value and Common Interests of Shareholders from a Large-Scale Acquisition | KIKKOMAN CORPORATION (2801) | Komori