Risk of large-scale purchases that could impair corporate value and the common interests of shareholders
First written in FY2017-Q1. 14 of 16 entries say "Restated". Latest entry: FY2024-Q3.
Hokuetsu moved to the "Worse" side of this theme in 2024, 1 year 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 "Materialised".
- FY2024-Q3MaterialisedAnnual report
「We understand that, together with its joint holders, Kawasaki Kami Unyu Co., Ltd. and Misuka Kaiun Co., Ltd., Daio Kaiun Co., Ltd. has been rapidly and extensively acquiring our shares both on and off the market. According to Amendment Report No. 12 dated 15 December 2023, as of 8 December 2023 they held shares equivalent to an ownership ratio of 17.68% of our shares and share certificates, etc. (voting rights ratio: 19.73%).」
Previously, the company described as a risk the possibility that a large-scale purchase could impair corporate value and other interests, but this time it states that Daio Kaiun et al.’s rapid and large-scale acquisition of shares is actually under way and has reached an ownership ratio of 17.68% and a voting-rights ratio of 19.73%. - FY2023RestatedAnnual report
「A considerable number of large-scale purchases of shares are detrimental to corporate value and, consequently, the common interests of shareholders, given their purpose and other factors, among other concerns.」
The company continues to describe the risk of large-scale purchases that could impair corporate value and the common interests of shareholders. - FY2022RestatedAnnual report
「A considerable number of large-scale purchases of shares are detrimental to corporate value and, consequently, the common interests of shareholders, given their purpose and other factors, among other concerns.」
The company continues to describe the risk of large-scale purchases that could impair corporate value and the common interests of shareholders. - FY2020-Q3RestatedAnnual report
「However, among large-scale purchases of shares are many that, judging from their objectives and other factors, could instead damage corporate value and, ultimately, the common interests of shareholders; effectively compel shareholders to sell their shares; or fail to provide the target company’s board of directors or shareholders with sufficient time or information to consider the terms of the purchase or for the board to propose alternatives. Such purchases do not contribute to the corporate value of the target company or the common interests of its shareholders.」
The company continues to describe the risk of large-scale purchases that could impair corporate value and the common interests of shareholders. - FY2020-Q2RestatedAnnual report
「However, among large-scale purchases of shares are many that, judging from their objectives and other factors, could instead damage corporate value and, ultimately, the common interests of shareholders; effectively compel shareholders to sell their shares; or fail to provide the target company’s board of directors or shareholders with sufficient time or information to consider the terms of the purchase or for the board to propose alternatives. Such purchases do not contribute to the corporate value of the target company or the common interests of its shareholders.」
The company continues to describe the risk of large-scale purchases that could impair corporate value and the common interests of shareholders. - FY2020-Q1RestatedAnnual report
「However, among large-scale purchases of shares are many that, judging from their objectives and other factors, could instead damage corporate value and, ultimately, the common interests of shareholders; effectively compel shareholders to sell their shares; or fail to provide the target company’s board of directors or shareholders with sufficient time or information to consider the terms of the purchase or for the board to propose alternatives. Such purchases do not contribute to the corporate value of the target company or the common interests of its shareholders.」
The company continues to describe the risk of large-scale purchases that could impair corporate value and the common interests of shareholders. - FY2019-Q3RestatedAnnual report
「However, among large-scale purchases of shares are many that, judging from their objectives and other factors, could instead damage corporate value and, ultimately, the common interests of shareholders; effectively compel shareholders to sell their shares; or fail to provide the target company’s board of directors or shareholders with sufficient time or information to consider the terms of the purchase or for the board to propose alternatives. Such purchases do not contribute to the corporate value of the target company or the common interests of its shareholders.」
The company continues to describe the risk of large-scale purchases that could impair corporate value and the common interests of shareholders. - FY2019-Q2RestatedAnnual report
「However, among large-scale purchases of shares are many that, judging from their objectives and other factors, could instead damage corporate value and, ultimately, the common interests of shareholders; effectively compel shareholders to sell their shares; or fail to provide the target company’s board of directors or shareholders with sufficient time or information to consider the terms of the purchase or for the board to propose alternatives. Such purchases do not contribute to the corporate value of the target company or the common interests of its shareholders.」
The company continues to describe the risk of large-scale purchases that could impair corporate value and the common interests of shareholders. - FY2019-Q1RestatedAnnual report
「However, among large-scale purchases of shares are many that, judging from their objectives and other factors, could instead damage corporate value and, ultimately, the common interests of shareholders; effectively compel shareholders to sell their shares; or fail to provide the target company’s board of directors or shareholders with sufficient time or information to consider the terms of the purchase or for the board to propose alternatives. Such purchases do not contribute to the corporate value of the target company or the common interests of its shareholders.」
The company continues to describe the risk of large-scale purchases that could impair corporate value and the common interests of shareholders. - FY2018-Q3RestatedAnnual report
「However, among large-scale purchases of shares are many that, judging from their objectives and other factors, could instead damage corporate value and, ultimately, the common interests of shareholders; effectively compel shareholders to sell their shares; or fail to provide the target company’s board of directors or shareholders with sufficient time or information to consider the terms of the purchase or for the board to propose alternatives. Such purchases do not contribute to the corporate value of the target company or the common interests of its shareholders.」
The company continues to describe the risk of large-scale purchases that could impair corporate value and the common interests of shareholders. - FY2018-Q2RestatedAnnual report
「However, among large-scale purchases of shares are many that, judging from their objectives and other factors, could instead damage corporate value and, ultimately, the common interests of shareholders; effectively compel shareholders to sell their shares; or fail to provide the target company’s board of directors or shareholders with sufficient time or information to consider the terms of the purchase or for the board to propose alternatives. Such purchases do not contribute to the corporate value of the target company or the common interests of its shareholders.」
The company continues to describe the risk of large-scale purchases that could impair corporate value and the common interests of shareholders. - FY2018-Q1RestatedAnnual report
「However, among large-scale purchases of shares are many that, judging from their objectives and other factors, could instead damage corporate value and, ultimately, the common interests of shareholders; effectively compel shareholders to sell their shares; or fail to provide the target company’s board of directors or shareholders with sufficient time or information to consider the terms of the purchase or for the board to propose alternatives. Such purchases do not contribute to the corporate value of the target company or the common interests of its shareholders.」
The company continues to describe the risk of large-scale purchases that could impair corporate value and the common interests of shareholders. - FY2017RestatedAnnual report
「A considerable number of large-scale purchases of shares are detrimental to the corporate value of the target company and, consequently, the common interests of its shareholders, given their purpose and other factors; may effectively force shareholders to sell their shares; or fail to provide the target company’s board of directors or shareholders with sufficient time or information to consider the terms of the purchase, or the target company’s board of directors with sufficient time or information to propose alternatives. Such purchases do not contribute to the corporate value of the target company or the common interests of its shareholders.」
The company continues to describe the risk of large-scale purchases that could impair corporate value and the common interests of shareholders. - FY2017-Q3RestatedAnnual report
「However, among large-scale purchases of shares are many that, judging from their objectives and other factors, could instead damage corporate value and, ultimately, the common interests of shareholders; effectively compel shareholders to sell their shares; or fail to provide the target company’s board of directors or shareholders with sufficient time or information to consider the terms of the purchase or for the board to propose alternatives. Such purchases do not contribute to the corporate value of the target company or the common interests of its shareholders.」
The company continues to explain the risk of large-scale purchases that could impair corporate value and the common interests of shareholders. - FY2017-Q2RestatedAnnual report
「A considerable number of large-scale purchases of shares are detrimental to the corporate value of the target company and, consequently, the common interests of its shareholders, given their purpose and other factors; may effectively force shareholders to sell their shares; or fail to provide the target company’s board of directors or shareholders with sufficient time or information to consider the terms of the purchase, or the target company’s board of directors with sufficient time or information to propose alternatives. Such purchases do not contribute to the corporate value of the target company or the common interests of its shareholders.」
The company has reiterated its explanation of the risk of large-scale purchases that could impair corporate value and the common interests of shareholders. - FY2017-Q1First statedAnnual report
「However, among large-scale purchases of shares are many that, judging from their objectives and other factors, could instead damage corporate value and, ultimately, the common interests of shareholders; effectively compel shareholders to sell their shares; or fail to provide the target company’s board of directors or shareholders with sufficient time or information to consider the terms of the purchase or for the board to propose alternatives. Such purchases do not contribute to the corporate value of the target company or the common interests of its shareholders.」
The company identifies the potential for large-scale purchases to damage corporate value and the common interests of shareholders as a risk.