Large-Scale Purchase Rules and Protection of Corporate Value
First written in FY2016. 8 of 9 entries say "Restated". Latest entry: FY2020-Q3.
79 other companies' latest entry also says "Restated".
- FY2020-Q3RestatedAnnual report
「The company's Board of Directors will require compliance with these large-scale purchase rules in response to a large-scale purchase. If the large-scale purchaser provides information necessary for decision-making under the rules, the Board will give the maximum respect to the advice of the Independent Committee, comprising outside directors and outside Audit & Supervisory Board members and referred to below as the Corporate Value Review Committee, thoroughly examine and consider the matter, compile the Board's view, and disclose that view in a timely and appropriate manner. The Board will then take an appropriate response based on its view, such as accepting the purchase or presenting an alternative proposal.」
The company continues to apply takeover response rules involving the provision of information necessary for decision-making by the large-scale purchaser, advice from the Independent Committee, consideration and disclosure by the Board of Directors, and alternative proposals or countermeasures as necessary. - FY2020-Q2RestatedAnnual report
「The company's Board of Directors believes that conducting a large-scale purchase under certain reasonable rules is consistent with the common interests of shareholders. Accordingly, this plan establishes certain rules, hereinafter referred to as the “large-scale purchase rules.”」
The company continues to apply takeover response rules involving the provision of information necessary for decision-making by the large-scale purchaser, consideration and disclosure by the Board of Directors based on advice from the Independent Committee, and countermeasures as necessary. - FY2020-Q1RestatedAnnual report
「The company's Board of Directors believes that conducting a large-scale purchase under certain reasonable rules is consistent with the common interests of shareholders. Accordingly, this plan establishes certain rules, hereinafter referred to as the “large-scale purchase rules.”」
The company continues to apply takeover response rules requiring information from the large-scale purchaser, consideration and disclosure by the Board of Directors based on advice from the Independent Committee, and countermeasures as necessary. - FY2019RestatedAnnual report
「(i) Sufficient information is provided in advance by the large-scale purchaser to the company's Board of Directors. (ii) The large-scale purchase is initiated after a specified assessment period by the company's Board of Directors has elapsed.」
The company continues to apply large-scale purchase rules based on the provision of information and an assessment period for the Board of Directors. - FY2017RestatedAnnual report
「(i) Sufficient information is provided in advance by the large-scale purchaser to the company's Board of Directors. (ii) The large-scale purchase is initiated after a specified assessment period by the company's Board of Directors has elapsed.」
The company continues to apply large-scale purchase rules based on the provision of information and an assessment period for the Board of Directors. The assessment period is 60 days for a cash tender offer and 90 days in other cases. - FY2017-Q3RestatedAnnual report
「If a large-scale purchase occurs, we believe it is necessary for sufficient information to be provided to shareholders through the company's Board of Directors. Accordingly, after receiving information regarding the large-scale purchase from the large-scale purchaser, the Board of Directors will assess and consider it, compile the Board's opinion, and disclose that opinion. The Board will also negotiate with the large-scale purchaser and present an alternative proposal as necessary.」
The company has reiterated its response policy of receiving information from the large-scale purchaser, having the Board of Directors assess and consider the proposal and disclose its opinion, and negotiating and presenting alternative proposals as necessary. - FY2017-Q2RestatedAnnual report
「If a large-scale purchase occurs, we believe it is necessary for sufficient information to be provided to shareholders through the company's Board of Directors. Accordingly, after receiving information regarding the large-scale purchase from the large-scale purchaser, the Board of Directors will assess and consider it, compile the Board's opinion, and disclose that opinion. The Board will also negotiate with the large-scale purchaser and present an alternative proposal as necessary.」
The company has reiterated its response policy of receiving information from the large-scale purchaser, having the Board of Directors assess and consider the proposal and disclose its opinion, and negotiating and presenting alternative proposals as necessary. - FY2017-Q1RestatedAnnual report
「If a large-scale purchase occurs, we believe it is necessary for sufficient information to be provided to shareholders through the company's Board of Directors. Accordingly, after receiving information regarding the large-scale purchase from the large-scale purchaser, the Board of Directors will assess and consider it, compile the Board's opinion, and disclose that opinion. The Board will also negotiate with the large-scale purchaser and present an alternative proposal as necessary.」
The company has reiterated its basic response policy of receiving information from the large-scale purchaser, having the Board of Directors assess the proposal and disclose its opinion, and negotiating and presenting alternative proposals as necessary. - FY2016First statedAnnual report
「(i) Sufficient information is provided in advance by the large-scale purchaser to the company's Board of Directors. (ii) The large-scale purchase is initiated after a specified assessment period by the company's Board of Directors has elapsed. The 60-day period following the notice, excluding the first day, applies where all of the company's shares are acquired through a tender offer whose consideration consists solely of cash in Japanese yen, and the 90-day period applies to other large-scale purchases. These periods are used by the Board of Directors for assessment, consideration, negotiation, forming an opinion, and developing alternatives.」
The company has adopted takeover measures based on the provision of information by the purchaser and an assessment period for the Board of Directors, with particular emphasis on advice from the Independent Committee.