Rules on Large-Scale Purchases and Procedures for Confirming Shareholder Intent
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2025: 8 of 56 companies on the "Worse" side.
40 other companies' latest entry also says "Dropped".
- FY2019DroppedAnnual reportThe current annual securities report contains no confirmation of the previous description of rules covering large-scale purchases of 15% or more or procedures for confirming shareholder intentions.
- FY2019-Q3RestatedAnnual report
「The purpose of these rules is to establish fair and highly transparent procedures for determining how to respond when a party makes a large-scale purchase, or proposes to do so, by acquiring and becoming the holder of 15% or more of the shares or other securities issued by us (the “Company’s Shares and Other Securities”), without our agreement, for the purpose of acquiring control of our management, changing control, or controlling or exercising influence over our financial and business activities. Such an acquisition or proposal is referred to as a “large-scale purchase,” and the party making it is referred to as the “large-scale purchaser.”」
We continue to maintain takeover defenses covering acquisitions of 15% or more, fair and transparent procedures, and procedures for confirming shareholder intentions. - FY2019-Q1RestatedAnnual report
「The purpose of these rules is to establish fair and highly transparent procedures for determining how to respond when a party makes a large-scale purchase, or proposes to do so, by acquiring and becoming the holder of 15% or more of the shares or other securities issued by us (the “Company’s Shares and Other Securities”), without our agreement, for the purpose of acquiring control of our management, changing control, or controlling or exercising influence over our financial and business activities. Such an acquisition or proposal is referred to as a “large-scale purchase,” and the party making it is referred to as the “large-scale purchaser.”」
We continue to maintain takeover defenses covering acquisitions of 15% or more, fair and transparent procedures, and procedures for confirming shareholder intentions. - FY2017AdvancedAnnual report
「At a Board of Directors meeting held on 10 May 2017, a resolution was passed to continue the “Rules on Large-Scale Purchases of Shares and Other Securities Issued by Us (Takeover Defense Measures).” The rules were submitted to the 17th Annual General Meeting of Shareholders held on 27 June 2017 and were approved. The purpose of these rules is to establish fair and highly transparent procedures when a party acquires or proposes to acquire and hold 15% or more of the shares or other securities issued by us.」
The Board of Directors resolved to continue the takeover defenses, which were approved at the Annual General Meeting of Shareholders. They apply to acquisitions of 15% or more and similar transactions. - FY2017-Q3RestatedAnnual report
「The purpose of these rules is to establish fair and highly transparent procedures for determining how to respond when a party makes a large-scale purchase, or proposes to do so, by acquiring and becoming the holder of 15% or more of the shares or other securities issued by us (the “Company’s Shares and Other Securities”), without our agreement, for the purpose of acquiring control of our management, changing control, or controlling or exercising influence over our financial and business activities. Such an acquisition or proposal is referred to as a “large-scale purchase,” and the party making it is referred to as the “large-scale purchaser.”」
We continue to maintain takeover defenses covering acquisitions of 15% or more and fair, transparent procedures. - FY2017-Q1RestatedAnnual report
「The acquisition or proposal to acquire and hold 15% or more of the shares or other securities issued by us, without our agreement, for the purpose of acquiring control of our management, changing control, or controlling or exercising influence over our financial and business activities」
We continue to maintain takeover defenses covering acquisitions of 15% or more, appropriate disclosure, a review period of 60 or 90 days, and procedures for confirming shareholder intentions. - FY2016First statedAnnual report
「The acquisition or proposal to acquire and hold 15% or more of the shares or other securities issued by us, without our agreement, for the purpose of acquiring control of our management, changing control, or controlling or exercising influence over our financial and business activities」
The rules provide for appropriate disclosure, a review period of 60 or 90 days, a resolution to confirm shareholder intentions, and the gratis allotment of stock acquisition rights.