Continuation of Rules on Large-Scale Purchases
First written in FY2016. 9 of 16 entries say "Restated". Latest entry: FY2026.
2 other companies' latest entry also says "Other".
- FY2026Continuation of the basic policy stated; no specific takeover defense measuresAnnual report
「To prevent damage to our corporate value and the common interests of shareholders, we will respect the opinions of independent outside officers and take any measures deemed appropriate within the scope permitted by the Companies Act, the Financial Instruments and Exchange Act and other applicable laws and regulations, including so-called takeover defense measures.」
Even after abolishing the takeover defense measures in 2023, the company states its basic policy concerning control of the company and the possibility of taking measures when necessary within the scope of applicable laws and regulations, but does not describe the reintroduction of specific takeover defense measures. - FY2023DroppedAnnual report
「At a Board of Directors meeting held on 12 May 2023, we resolved not to continue the “Policy on Responding to Large-Scale Purchases of Our Shares (Takeover Defense Measures),” whose validity would expire at the conclusion of the 99th Annual General Meeting of Shareholders scheduled for 29 June 2023, and to abolish it at the conclusion of that annual general meeting.」
The company states that it resolved to abolish, at the conclusion of the Annual General Meeting of Shareholders on 29 June 2023, the takeover defense measures that had been continued for purchases involving a voting rights ratio of 20% or more. - FY2021Update to the composition of the Special CommitteeAnnual report
「The Special Committee consists of the following 3 members.」
The members of the Special Committee relating to the large-scale purchase rules are listed as Michihiro Nara (奈良道博), Toshihisa Takada (髙田稔久) and Noriko Sekiguchi (関口典子) as of the filing date. - FY2021-Q3Change in special committee membershipAnnual report
「Following the retirement of our outside Audit & Supervisory Board Member Henmi Toshio (辺見紀男), our outside Audit & Supervisory Board Member Kitada Naoki (北田幹直) became a member of the Special Committee on 25 December 2020 under the “Policy on Responding to Large-Scale Purchases of Our Shares (Takeover Defense Measures).”」
A Special Committee member changed following the retirement of an outside Audit & Supervisory Board Member under the takeover defense measures. - FY2020AdvancedAnnual report
「Based on the approval of shareholders at the 96th Annual General Meeting of Shareholders held on 26 June 2020, we continue to maintain the policy described below as the “Policy,” effective until the conclusion of the annual general meeting relating to the last fiscal year ending within 3 years of the conclusion of that annual general meeting. The Policy addresses purchases of our shares and other securities intended to result in the specified shareholder group described in (3) holding 20% or more of voting rights, or that would result in such a holding.」
Following approval at the 96th Annual General Meeting of Shareholders, the company continues its policy addressing large-scale purchases involving a voting rights ratio of 20% or more, with a new 3-year validity period. - FY2020-Q3RestatedAnnual report
「Based on the approval of shareholders at the 93rd Annual General Meeting of Shareholders held on 29 June 2017, we continue to maintain the policy described below as the “Policy,” effective until the conclusion of the annual general meeting relating to the last fiscal year ending within 3 years of the conclusion of that annual general meeting. The Policy addresses purchases of our shares and other securities intended to result in the specified shareholder group described in (III) holding 20% or more of voting rights, or that would result in such a holding.」
The company continues its policy addressing large-scale purchases involving a voting rights ratio of 20% or more, based on approval at the June 2017 Annual General Meeting of Shareholders. - FY2020-Q1RestatedAnnual report
「Based on the approval of shareholders at the 93rd Annual General Meeting of Shareholders held on 29 June 2017, we continue to maintain the policy described below as the “Policy,” effective until the conclusion of the annual general meeting relating to the last fiscal year ending within 3 years of the conclusion of that annual general meeting. The Policy addresses purchases of our shares and other securities intended to result in the specified shareholder group described in (III) holding 20% or more of voting rights, or that would result in such a holding.」
The company continues, based on approval at the June 2017 Annual General Meeting of Shareholders, its policy addressing large-scale purchases involving a voting rights ratio of 20% or more. - FY2019-Q3RestatedAnnual report
「Based on the approval of shareholders at the 93rd Annual General Meeting of Shareholders held on 29 June 2017, we continue to maintain the policy described below as the “Policy,” effective until the conclusion of the annual general meeting relating to the last fiscal year ending within 3 years of the conclusion of that annual general meeting. The Policy addresses purchases of our shares and other securities intended to result in the specified shareholder group described in (III) holding 20% or more of voting rights, or that would result in such a holding.」
The company continues, based on approval at the June 2017 Annual General Meeting of Shareholders, its policy addressing large-scale purchases involving a voting rights ratio of 20% or more. - FY2019-Q1RestatedAnnual report
「Based on the approval of shareholders at the 93rd Annual General Meeting of Shareholders held on 29 June 2017, we continue to maintain the policy described below as the “Policy,” effective until the conclusion of the annual general meeting relating to the last fiscal year ending within 3 years of the conclusion of that annual general meeting. The Policy addresses purchases of our shares and other securities intended to result in the specified shareholder group described in (III) holding 20% or more of voting rights, or that would result in such a holding.」
Based on approval at the June 2017 Annual General Meeting of Shareholders, the company continues its policy addressing large-scale purchases involving a voting rights ratio of 20% or more. It also maintains the framework for information provision, a 60- or 90-day evaluation period, and a special committee. - FY2018-Q3RestatedAnnual report
「Based on the approval of shareholders at the 93rd Annual General Meeting of Shareholders held on 29 June 2017, we continue to maintain the policy described below as the “Policy,” effective until the conclusion of the annual general meeting relating to the last fiscal year ending within 3 years of the conclusion of that annual general meeting. The Policy addresses purchases of our shares and other securities intended to result in the specified shareholder group described in (III) holding 20% or more of voting rights, or that would result in such a holding.」
Based on approval at the June 2017 Annual General Meeting of Shareholders, the company continues its policy addressing large-scale purchases involving a voting rights ratio of 20% or more. - FY2018-Q2RestatedAnnual report
「Based on the approval of shareholders at the 93rd Annual General Meeting of Shareholders held on 29 June 2017, we continue to maintain the policy described below as the “Policy,” effective until the conclusion of the annual general meeting relating to the last fiscal year ending within 3 years of the conclusion of that annual general meeting. The Policy addresses purchases of our shares and other securities intended to result in the specified shareholder group described in (III) holding 20% or more of voting rights, or that would result in such a holding.」
Based on approval at the June 2017 Annual General Meeting of Shareholders, the company continues its policy addressing large-scale purchases involving a voting rights ratio of 20% or more. - FY2018-Q1AdvancedAnnual report
「Based on the approval of shareholders at the 93rd Annual General Meeting of Shareholders held on 29 June 2017, we continue to maintain the policy described below as the “Policy,” effective until the conclusion of the annual general meeting relating to the last fiscal year ending within 3 years of the conclusion of that annual general meeting. The Policy addresses purchases of our shares and other securities intended to result in the specified shareholder group described in (III) holding 20% or more of voting rights, or that would result in such a holding.」
At the Annual General Meeting of Shareholders held on 29 June 2017, approval was obtained to continue the policy addressing large-scale purchases involving 20% or more, and the company continues that policy. - FY2017-Q3RestatedAnnual report
「Based on the approval of shareholders at the 90th Annual General Meeting of Shareholders held on 27 June 2014, we continue to maintain the policy described below as the “Policy,” effective until the conclusion of the annual general meeting relating to the last fiscal year ending within 3 years of the conclusion of that annual general meeting. The Policy addresses purchases of our shares and other securities intended to result in the specified shareholder group described in (III) holding 20% or more of voting rights, or that would result in such a holding.」
The company continues its policy addressing large-scale purchases involving a voting rights ratio of 20% or more. It also maintains information provision and a 60- or 90-day evaluation period for the Board of Directors. - FY2017-Q2RestatedAnnual report
「Based on the approval of shareholders at the 90th Annual General Meeting of Shareholders held on 27 June 2014, we continue to maintain a policy, effective until the conclusion of the annual general meeting relating to the last fiscal year ending within 3 years of the conclusion of that annual general meeting, addressing purchases of our shares and other securities that are intended to result in the specified shareholder group described in (III) holding 20% or more of voting rights, or that would result in such a holding. This policy is referred to below as the “Policy.”」
The company continues its policy addressing large-scale purchases involving a voting rights ratio of 20% or more, and maintains the framework for information provision and the Board of Directors' evaluation period. - FY2017-Q1RestatedAnnual report
「We continue to maintain a policy addressing purchases of our shares and other securities that are intended to result in a specified shareholder group holding 20% or more of voting rights, or that would result in such a holding. The policy remains effective until the conclusion of the annual general meeting of shareholders relating to the last fiscal year ending within 3 years of the conclusion of the relevant annual general meeting.」
The company continues its policy addressing large-scale purchases at the 20% threshold and provides for information provision and a 60- or 90-day evaluation period for the Board of Directors. - FY2016First statedAnnual report
「We continue to maintain a policy addressing purchases of our shares and other securities that are intended to result in a specified shareholder group holding 20% or more of voting rights, or that would result in such a holding. The policy remains effective until the conclusion of the annual general meeting of shareholders relating to the last fiscal year ending within 3 years of the conclusion of the relevant annual general meeting.」
The company continues, with shareholder approval, its policy addressing takeovers at the 20% threshold. The policy also includes information provision and an evaluation period for the Board of Directors.