Risk of Damage to Corporate Value and the Common Interests of Shareholders from a Large-Scale Purchase
First written in FY2017-Q1. 2 of 4 entries say "Restated". Latest entry: FY2017.
Pole To Win Holdings moved to the "Worse" side of this theme in 2017, 8 years before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 3 of 26 companies on the "Worse" side.
3 other companies' latest entry also says "Softened".
- FY2017SoftenedAnnual report
「At a meeting of the board of directors held on 28 March 2017, the company resolved not to continue and to abolish the “Plan for Responding to Large-Scale Purchases of the Company’s Shares, etc. (Advance-Warning-Type Takeover Defense Measure)” effective at the conclusion of the 8th annual general meeting of shareholders held on 27 April 2017.」
The company indicated that it would not continue its previous response measures, which were based on the possibility that a large-scale purchase could impair corporate value and the common interests of shareholders. - FY2017-Q3RestatedAnnual report
「However, among large-scale purchase proposals for our shares, some may, based on their purpose or other aspects, fail to reflect an understanding of the extensive know-how, knowledge and experience we have accumulated; potentially be unable to maintain good relationships with stakeholders; potentially impair the corporate value of our group or, consequently, the common interests of shareholders; effectively force shareholders to sell their shares; fail to adequately reflect the value of our group; or fail to provide shareholders with sufficient information to make the final decision.」
The company continues to describe its previous basic policy concerning the possibility that a large-scale purchase proposal could impair corporate value and the common interests of shareholders. - FY2017-Q2RestatedAnnual report
「Some may not contribute to our corporate value or the common interests of shareholders, including proposals that could impair the corporate value of our group or, consequently, the common interests of shareholders; could effectively force shareholders to sell their shares; cannot be said to adequately reflect the value of our group; or fail to provide shareholders with sufficient information to make the final decision.」
The same basic policy as before is described regarding the possibility that a large-scale purchase proposal could impair corporate value and the common interests of shareholders. - FY2017-Q1First statedAnnual report
「Some may not contribute to our corporate value or the common interests of our shareholders.」
The company lists insufficient understanding of its know-how, deterioration in stakeholder relationships, de facto coercion to sell shares and insufficient information as potential consequences of a large-scale purchase proposal.