Advance-Warning-Type Measures Against Large-Scale Purchases and Independent Committee
First written in FY2017-Q1. 2 of 4 entries say "Restated". Latest entry: FY2017.
40 other companies' latest entry also says "Dropped".
- FY2017DroppedAnnual report
「The company has resolved not to continue the "Response Measures to Large-Scale Purchases of the Company's Shares, etc. (Prior-Warning Takeover Defense Measures)" and to abolish them.」
The description of the prior-warning takeover defense measure covering acquisitions of 20% or more and the response measures involving the independent committee, etc., has ended following the resolution to abolish it. - FY2017-Q3RestatedAnnual report
「The outline of this plan establishes procedures necessary to achieve the above objectives, including requiring a large-scale purchaser seeking to acquire 20% or more of the company’s shares or other equity securities to provide the necessary information concerning the large-scale purchase in advance.」
The company continues to describe a prior-warning takeover defense measure covering acquisitions of 20% or more, the prior provision of required information, and mechanisms involving an independent committee and countermeasures. - FY2017-Q2RestatedAnnual report
「The outline of this plan establishes procedures necessary to achieve the above objectives, including requiring a large-scale purchaser seeking to acquire 20% or more of the company’s shares or other equity securities to provide the necessary information concerning the large-scale purchase in advance.」
The company continues to describe the framework of an advance-warning-type takeover defense measure covering acquisitions of 20% or more, an independent committee and countermeasures. The effective period also remains unchanged from the previous provisions. - FY2017-Q1First statedAnnual report
「The outline of this plan establishes procedures necessary to achieve the above objectives, including requiring a large-scale purchaser seeking to acquire 20% or more of the company’s shares or other equity securities to provide the necessary information concerning the large-scale purchase in advance.」
For acquisitions of 20% or more, the plan establishes a procedure for advance provision of information, recommendations by the independent committee and countermeasures when necessary. The effective period runs from approval until the conclusion of the final annual general meeting of shareholders for a fiscal year ending within 3 years of the approval date.