Policy for Responding to Large-Scale Purchases to Protect the Common Interests of Shareholders
First written in FY2016. 15 of 19 entries say "Restated". Latest entry: 2026-05-28.
The whole theme swung hardest in 2024: 2 of 17 companies on the "Worse" side.
42 other companies' latest entry also says "Restated".
- 2026-05-28RestatedGeneral Meetings of Shareholders
「With respect to any party seeking to conduct a large-scale purchase of the Company’s shares, we will take appropriate measures under the Financial Instruments and Exchange Act, the Companies Act, and other applicable laws and regulations, including requesting the provision of the information necessary and sufficient for shareholders to make an informed decision on the merits of the purchase, disclosing the opinions of the Board of Directors, and securing sufficient time for shareholders to consider the matter.」
The Company reiterated its policy of responding by requesting information, disclosing the Board of Directors’ opinions, and securing time for shareholders to consider the matter, rather than adopting takeover defenses themselves. - FY2021RestatedAnnual report
「Our basic policy is to maximize the common interests of shareholders by returning the profits generated by the Company to shareholders. While our principle is to be supported by those who become our shareholders through free-market transactions, if a large-scale purchase would impair the common interests of shareholders, the large-scale purchaser conducting such an acquisition would be inappropriate as a party controlling decisions on the Company's financial and business policies. Accordingly, within the scope permitted by laws and the Articles of Incorporation, we will take appropriate measures to secure and enhance the common interests of shareholders.」
The takeover defense measures themselves have been abolished, but the Company continues its basic policy of securing the common interests of shareholders and its policy of responding through information requests and other measures based on applicable laws. - FY2020RestatedAnnual report
「The Company will continue to work to secure and enhance its corporate value and, consequently, the common interests of shareholders based on its basic policy. With respect to any party seeking to conduct a large-scale purchase of the Company's shares, the Company will take appropriate measures under the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations.」
The takeover defense measures themselves have been abolished, and the Company continues to respond by requesting information under applicable laws, disclosing the opinions of the Board of Directors and securing time for shareholders to consider the matter. - FY2020-Q3RestatedAnnual report
「The Company will continue to work to secure and enhance its corporate value and, consequently, the common interests of shareholders based on its basic policy. With respect to any party seeking to conduct a large-scale purchase of the Company's shares, the Company will take appropriate measures under the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations, including requesting the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the large-scale purchase, disclosing the opinions of the Board of Directors and securing sufficient time for shareholders to consider the matter.」
The takeover defense measures themselves have been abolished, and the Company continues to respond by requesting information under applicable laws, disclosing the opinions of the Board of Directors and securing time for shareholders to consider the matter. - FY2020-Q2RestatedAnnual report
「The Company will continue to work to secure and enhance its corporate value and, consequently, the common interests of shareholders based on its basic policy. With respect to any party seeking to conduct a large-scale purchase of the Company's shares, the Company will take appropriate measures under the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations, including requesting the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the large-scale purchase, disclosing the opinions of the Board of Directors and securing sufficient time for shareholders to consider the matter.」
The takeover defense measures themselves have been abolished, and the Company continues to respond by requesting information under applicable laws, disclosing the opinions of the Board of Directors and securing time for shareholders to consider the matter. - FY2020-Q1ReframedAnnual report
「The Company will continue to work to secure and enhance its corporate value and, consequently, the common interests of shareholders based on its basic policy. With respect to any party seeking to conduct a large-scale purchase of the Company's shares, the Company will take appropriate measures under the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations, including requesting the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the large-scale purchase, disclosing the opinions of the Board of Directors and securing sufficient time for shareholders to consider the matter.」
While the policy for responding to large-scale purchases itself has been abolished, the Company has established that it will respond going forward by requesting information under applicable laws, disclosing the opinions of the Board of Directors and securing time for shareholders to consider the matter. - FY2019DroppedAnnual report
「The Policy will expire at the conclusion of the 105th Annual General Meeting of Shareholders to be held on 27 June 2019. At a meeting of the Board of Directors held on 25 March 2019, however, the Company resolved not to continue the Policy after its expiration and to abolish it.」
The Board of Directors resolved not to continue the policy for responding to large-scale purchases after its expiration and to abolish it. - FY2019-Q3RestatedAnnual report
「As of the filing date of this Quarterly Securities Report, the Company was not aware of any signs of a specific large-scale purchase of its shares.」
The Company continues to disclose the policy for responding to large-scale purchases approved by the shareholders' meeting and stated that there were no signs of any specific purchase activity. - FY2019-Q2RestatedAnnual report
「As of the filing date of this Quarterly Securities Report, the Company was not aware of any signs of a specific large-scale purchase of its shares.」
The Company continues to disclose the policy for responding to large-scale purchases approved by the shareholders' meeting and stated that there were no signs of any specific purchase activity. - FY2019-Q1RestatedAnnual report
「As of the filing date of this Quarterly Securities Report, the Company was not aware of any signs of a specific large-scale purchase of its shares.」
The Company continues to disclose the policy for responding to large-scale purchases approved by the shareholders' meeting and stated that, as of the filing date, there were no signs of any specific purchase activity. - FY2018RestatedAnnual report
「As of the filing date of this Annual Securities Report, the Company was not aware of any signs of a specific large-scale purchase of its shares.」
The Company continues to disclose the policy for responding to large-scale purchases approved by the shareholders' meeting and stated that there were no signs of any specific purchase activity. - FY2018-Q3RestatedAnnual report
「As of the filing date of this Quarterly Securities Report, the Company was not aware of any signs of a specific large-scale purchase of its shares.」
The Company continues to disclose the policy for responding to large-scale purchases approved by the shareholders' meeting and stated that, as of the filing date, there were no signs of any specific purchase activity. - FY2018-Q2RestatedAnnual report
「As of the filing date of this Quarterly Securities Report, the Company was not aware of any signs of a specific large-scale purchase of its shares.」
The Company continues to disclose the policy for responding to large-scale purchases approved by the shareholders' meeting and stated that, as of the filing date, there were no signs of any specific purchase activity. - FY2018-Q1RestatedAnnual report
「As of the filing date of this Quarterly Securities Report, the Company was not aware of any signs of a specific large-scale purchase of its shares.」
The Company continues to disclose the policy for responding to large-scale purchases approved by the shareholders' meeting and stated that, as of the filing date, there were no signs of any specific purchase activity. - FY2017RestatedAnnual report
「As of the filing date of this Annual Securities Report, the Company was not aware of any signs of a specific large-scale purchase of its shares.」
The Company continues to disclose the policy for responding to large-scale purchases approved by the shareholders' meeting and stated that, as of the filing date, there were no signs of any specific purchase activity. - FY2017-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 20 May 2016, the Company resolved to introduce a policy for responding to large-scale purchases of the Company's shares, generally as described below. At the same time, with the approval of all Company directors, including 2 outside directors, it decided to submit a proposal for approval of the introduction of the Policy to the Company's 102nd Annual General Meeting of Shareholders held on 29 June of the same year. The introduction of the Policy was approved by the shareholders at that Annual General Meeting.」
The Company continues to disclose the policy for responding to large-scale purchases approved by the Board of Directors and the shareholders' meeting. As of the filing date, it stated that there were no signs of any specific large-scale purchase. - FY2017-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 20 May 2016, the Company resolved to introduce a policy for responding to large-scale purchases of the Company's shares, generally as described below. At the same time, with the approval of all Company directors, including 2 outside directors, it decided to submit a proposal for approval of the introduction of the Policy to the Company's 102nd Annual General Meeting of Shareholders held on 29 June of the same year. The introduction of the Policy was approved by the shareholders at that Annual General Meeting.」
The Company continues to disclose the policy for responding to large-scale purchases approved by the Board of Directors and the shareholders' meeting. As of the filing date, it stated that there were no signs of any specific large-scale purchase. - FY2017-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 20 May 2016, the Company resolved to introduce a policy for responding to large-scale purchases of the Company's shares, generally as described below, hereinafter the "Policy." At the same time, with the approval of all Company directors, including 2 outside directors, it decided to submit a proposal for approval of the introduction of the Policy to the Company's 102nd Annual General Meeting of Shareholders held on 29 June of the same year. The introduction of the Policy was approved by the shareholders at that Annual General Meeting.」
The Company expressly stated that shareholder approval was obtained at the Annual General Meeting in addition to the Board of Directors resolution, and outlined specific procedures including large-scale purchase rules, a special committee and a shareholders' meeting to confirm shareholder intentions. - FY2016First statedAnnual report
「Our basic policy is to maximize the common interests of shareholders by returning the profits generated by the Company to shareholders. While our principle is to be supported by those who become our shareholders through free-market transactions, if a large-scale purchase would impair the common interests of shareholders, the large-scale purchaser conducting such an acquisition would be inappropriate as a party controlling decisions on the Company's financial and business policies. Accordingly, within the scope permitted by laws and the Articles of Incorporation, we will take appropriate measures to secure and enhance the common interests of shareholders.」
Following resolutions by the Board of Directors in May 2016 and approval at the shareholders' meeting in June of the same year, the Company introduced a policy including large-scale purchase rules, a special committee and a shareholders' meeting to confirm shareholder intentions.