Response to Large-Scale Purchases through a Trust-Based Rights Plan
First written in FY2017-Q1. 19 of 26 entries say "Restated". Latest entry: FY2024.
15 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「At a meeting of the Board of Directors held on 14 May 2024, the Company resolved to establish a trust-based rights plan using a structure involving stock acquisition rights and a trust (the “Trust-Based Rights Plan”), which was approved by the Company’s shareholders at the 99th Annual General Meeting of Shareholders held on 25 June of the same year.」
The Company indicated that it would move from the Sixth Trust-Based Rights Plan to the Seventh Trust-Based Rights Plan following the Board resolution in May 2024 and approval at the Annual General Meeting of Shareholders in June. - FY2024-Q3RestatedAnnual report
「This trust-based rights plan applies when 14 days have elapsed from the day following the date on which all public announcements indicating that a holder of the Company’s shares or other securities, or its joint holder, had become a person with a voting rights ratio exceeding 15% had been made,」
For the Sixth Trust-Based Rights Plan, the mechanism continues to secure 14 days for large-scale purchasers and others with voting rights ratios exceeding 15% to gather and consider information and take other measures. - FY2024-Q2RestatedAnnual report
「This trust-based rights plan applies only when 14 days have elapsed from the day following the date on which all public announcements indicating that a holder of the Company’s shares or other securities, or its joint holder, had become a person with a voting rights ratio exceeding 15% had been made, or when 14 days have elapsed from the day following the date on which all public announcements indicating that a tender offer had been commenced whose announcement stated that, following the purchase or other transaction, the voting rights ratio of the shares or other securities owned by that person, together with the voting rights ratio of that person’s specially related parties, would exceed 15% had been made, among other cases,」
For the Sixth Trust-Based Rights Plan, the mechanism continues to secure 14 days for large-scale purchasers and others with voting rights ratios exceeding 15% to gather and consider information and take other measures. - FY2023-Q3RestatedAnnual report
「This trust-based rights plan applies when 14 days have elapsed from the day following the date on which all public announcements indicating that a holder of the Company’s shares or other securities, or its joint holder, had become a person with a voting rights ratio exceeding 15% had been made」
For the Sixth Trust-Based Rights Plan, the mechanism continues to secure 14 days for large-scale purchasers and others with voting rights ratios exceeding 15% to gather and consider information and take other measures. - FY2023-Q2RestatedAnnual report
「This trust-based rights plan involves issuing in advance to a specified trust bank stock acquisition rights that, in principle, may be exercised only by persons other than those belonging to a large-scale purchaser group holding more than 15% of the voting rights in the Company, and only when 14 days have elapsed from the day following the date on which all public announcements indicating that a holder of the Company’s shares or other securities, or its joint holder, had become a person with a voting rights ratio exceeding 15% had been made, or when 14 days have elapsed from the day following the date on which all public announcements indicating that a tender offer had been commenced whose announcement stated that, following the purchase or other transaction, the voting rights ratio of the shares or other securities owned by that person, together with the voting rights ratio of that person’s specially related parties, would exceed 15% had been made, among other cases,」
For the Sixth Trust-Based Rights Plan, the mechanism continues to secure 14 days for large-scale purchasers and others with voting rights ratios exceeding 15% to gather and consider information and present alternatives. - FY2023-Q1RestatedAnnual report
「This trust-based rights plan involves issuing in advance to a specified trust bank stock acquisition rights that, in principle, may be exercised only by persons other than those belonging to a large-scale purchaser group holding more than 15% of the voting rights in the Company, and only when 14 days have elapsed from the day following the date on which all public announcements indicating that a holder of the Company’s shares or other securities, or its joint holder, had become a person with a voting rights ratio exceeding 15% had been made, or when 14 days have elapsed from the day following the date on which all public announcements indicating that a tender offer had been commenced whose announcement stated that, following the purchase or other transaction, the voting rights ratio of the shares or other securities owned by that person, together with the voting rights ratio of that person’s specially related parties, would exceed 15% had been made, among other cases,」
For the Sixth Trust-Based Rights Plan, the mechanism continues to secure 14 days for large-scale purchasers and others with voting rights ratios exceeding 15% to gather and consider information and take other measures. - FY2022-Q3RestatedAnnual report
「This trust-based rights plan applies when 14 days have elapsed from the day following the date on which all public announcements indicating that a holder of the Company’s shares or other securities, or its joint holder, had become a person with a voting rights ratio exceeding 15% had been made」
For the Sixth Trust-Based Rights Plan, the mechanism continues to be described as securing 14 days for large-scale purchasers and others with voting rights ratios exceeding 15% to gather and consider information and present alternatives. - FY2022-Q2AdvancedAnnual report
「(4) Total number of these stock acquisition rights 25,000,000 (8) Exercise period for these stock acquisition rights From 1 July 2021 to 30 June 2024」
For the Sixth Trust-Based Rights Plan, the issuance of 25,000,000 stock acquisition rights and the exercise period from July 2021 through June 2024 were disclosed in detail. - FY2022-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 May 2021, the Company resolved to establish a trust-based rights plan using a structure involving stock acquisition rights and a trust (the “Trust-Based Rights Plan”), which was approved by the Company’s shareholders at the 96th Annual General Meeting of Shareholders held on 25 June of the same year.」
The disclosure states that the Sixth Trust-Based Rights Plan was approved at the Annual General Meeting of Shareholders on 25 June 2021, following the Board resolution. - FY2021ReframedAnnual report
「At a meeting of the Board of Directors held on 14 May 2021, the Company resolved to establish a trust-based rights plan using a structure involving stock acquisition rights and a trust (the “Trust-Based Rights Plan”), which was approved by the Company’s shareholders at the 96th Annual General Meeting of Shareholders held on 25 June of the same year.」
The Company indicated that it would move from the previous plan to a new trust-based rights plan following the Board resolution in May 2021 and shareholder approval in June. - FY2021-Q2RestatedAnnual report
「This trust-based rights plan applies only when 14 days have elapsed from the day following the date on which a public announcement was made indicating that a holder of the Company’s shares or other securities, or its joint holder, had become a person whose voting rights ratio exceeded 15%, or when 14 days have elapsed from the day following the date on which a public announcement was made indicating that a tender offer had been commenced whose announcement stated that, following the purchase or other transaction, the voting rights ratio of the shares or other securities owned by that person, together with the voting rights ratio of that person’s specially related parties, would exceed 15%, among other cases」
The mechanism continues to secure 14 days for large-scale purchasers and others with voting rights ratios exceeding 15% to gather and consider information and take other measures. - FY2021-Q1RestatedAnnual report
「This trust-based rights plan applies only when 14 days have elapsed from the day following the date on which a public announcement was made indicating that a holder of the Company’s shares or other securities, or its joint holder, had become a person whose voting rights ratio exceeded 15%, or when 14 days have elapsed from the day following the date on which a public announcement was made indicating that a tender offer had been commenced whose announcement stated that, following the purchase or other transaction, the voting rights ratio of the shares or other securities owned by that person, together with the voting rights ratio of that person’s specially related parties, would exceed 15%, among other cases」
The mechanism continues to be described as securing 14 days for large-scale purchasers and others with voting rights ratios exceeding 15% to gather and consider information and take other measures. - FY2020-Q3RestatedAnnual report
「This trust-based rights plan applies only when 14 days have elapsed from the day following the date on which a public announcement was made indicating that a holder of the Company’s shares or other securities, or its joint holder, had become a person whose voting rights ratio exceeded 15%, or when 14 days have elapsed from the day following the date on which a public announcement was made indicating that a tender offer had been commenced whose announcement stated that, following the purchase or other transaction, the voting rights ratio of the shares or other securities owned by that person, together with the voting rights ratio of that person’s specially related parties, would exceed 15%, among other cases」
The mechanism continues to be described as securing 14 days for large-scale purchasers with voting rights ratios exceeding 15% to gather and consider information and take other measures. - FY2020-Q2RestatedAnnual report
「This trust-based rights plan applies only when 14 days have elapsed from the day following the date on which a public announcement was made indicating that a holder of the Company’s shares or other securities, or its joint holder, had become a person whose voting rights ratio exceeded 15%, or when 14 days have elapsed from the day following the date on which a public announcement was made indicating that a tender offer had been commenced whose announcement stated that, following the purchase or other transaction, the voting rights ratio of the shares or other securities owned by that person, together with the voting rights ratio of that person’s specially related parties, would exceed 15%, among other cases,」
The trust-based rights plan continues to secure 14 days for large-scale purchasers with voting rights ratios exceeding 15% to gather and consider information and take other measures. - FY2020-Q1RestatedAnnual report
「This trust-based rights plan applies when 14 days have elapsed from the day following the date on which a public announcement was made indicating that a holder of the Company’s shares or other securities, or its joint holder, had become a person whose voting rights ratio exceeded 15%,」
The trust-based rights plan continues to be described as securing 14 days for large-scale purchasers exceeding 15% to gather and consider information and take other measures. - FY2019-Q3RestatedAnnual report
「This trust-based rights plan involves issuing in advance to a specified trust bank stock acquisition rights that, in principle, may be exercised only by persons other than a large-scale purchaser group holding more than 15% of the Company’s voting rights, and only when 14 days have elapsed from the day following the date on which a public announcement was made indicating that a holder of the Company’s shares or other securities, or its joint holder, had become a person whose voting rights ratio exceeded 15%, or when 14 days have elapsed from the day following the date on which a public announcement was made indicating that a tender offer had been commenced whose announcement stated that, following the purchase or other transaction, the voting rights ratio of the shares or other securities owned by that person, together with the voting rights ratio of that person’s specially related parties, would exceed 15%, among other cases.」
For the Fifth Trust-Based Rights Plan, the mechanism continues to be described as securing time for large-scale purchasers exceeding 15% to gather and consider information and take other measures. - FY2019-Q2RestatedAnnual report
「This trust-based rights plan applies when 14 days have elapsed from the day following the date on which a public announcement was made indicating that a holder of the Company’s shares or other securities, or its joint holder, had become a person whose voting rights ratio exceeded 15%,」
For the Fifth Trust-Based Rights Plan, the mechanism continues to be described as securing 14 days for large-scale purchasers exceeding 15% to gather and consider information and take other measures. - FY2019-Q1AdvancedAnnual report
「At the Annual General Meeting of Shareholders held on 26 June 2018, the Company approved the establishment of the Fifth Trust-Based Rights Plan, using a structure involving stock acquisition rights and a trust, as a defensive measure against acquisitions that would impair the Company’s corporate value and run counter to shareholders’ interests, pursuant to Articles 236 and 238 of the Companies Act.」
For the Fifth Trust-Based Rights Plan, establishment was approved at the Annual General Meeting of Shareholders on 26 June 2018, followed by the issuance and allotment of 25,000,000 stock acquisition rights. - FY2018ReframedAnnual report
「At a meeting of the Board of Directors held on 11 May 2018, the Company resolved to establish a trust-based rights plan using a structure involving stock acquisition rights and a trust (the “Trust-Based Rights Plan”), which was approved by the Company’s shareholders at the 93rd Annual General Meeting of Shareholders held on 26 June of the same year.」
The Company indicated that it would move from the previous trust-based rights plan to a new trust-based rights plan following shareholder approval in June 2018. - FY2018-Q3RestatedAnnual report
「Under this trust-based rights plan, once 14 days have elapsed from the day after the public announcement indicating that a holder of the company’s shares or other securities, together with its joint holders, has become a person holding more than 15% of voting rights,」
The mechanism continues to secure time for large-scale purchasers with voting rights ratios exceeding 15% to gather and consider information, explain the matter to shareholders, and present alternatives. - FY2018-Q2RestatedAnnual report
「Under this trust-based rights plan, once 14 days have elapsed from the day after the public announcement indicating that a holder of the company’s shares or other securities, together with its joint holders, has become a person holding more than 15% of voting rights,」
The mechanism continues to be described as securing time for large-scale purchasers with voting rights ratios exceeding 15% to gather and consider information, explain the matter to shareholders, and present alternatives. - FY2018-Q1RestatedAnnual report
「Under this trust-based rights plan, once 14 days have elapsed from the day after the public announcement indicating that a holder of the company’s shares or other securities, together with its joint holders, has become a person holding more than 15% of voting rights,」
The mechanism continues to secure time for large-scale purchasers with voting rights ratios exceeding 15% to gather and consider information, explain the matter to shareholders, and present alternatives. - FY2017RestatedAnnual report
「When 14 days have elapsed from the day following the date on which a public announcement was made indicating that a person had become one whose voting rights ratio exceeded 15%」
The mechanism continues to secure time for large-scale purchasers with voting rights ratios exceeding 15% to gather and consider information, explain the matter to shareholders, and present alternatives. - FY2017-Q3RestatedAnnual report
「This trust-based rights plan applies when 14 days have elapsed from the day following the date on which a public announcement was made indicating that a holder of the Company’s shares or other securities, or its joint holder, had become a person whose voting rights ratio exceeded 15%,」
The trust-based rights plan continues to be described as a mechanism for securing time for large-scale purchasers with voting rights ratios exceeding 15% to gather and consider information, explain the matter to shareholders, and present alternatives. - FY2017-Q2RestatedAnnual report
「This trust-based rights plan applies when 14 days have elapsed from the day following the date on which a public announcement was made indicating that a holder of the Company’s shares or other securities, or its joint holder, had become a person whose voting rights ratio exceeded 15%,」
The trust-based rights plan continues to be described as a mechanism for securing time for large-scale purchasers with voting rights ratios exceeding 15% to gather and consider information, explain the matter to shareholders, and present alternatives. - FY2017-Q1First statedAnnual report
「Under this trust-based rights plan, once 14 days have elapsed from the day after the public announcement indicating that a holder of the company’s shares or other securities, together with its joint holders, has become a person holding more than 15% of voting rights,」
The trust-based rights plan is described as a mechanism to secure time for information gathering and review, explanations to shareholders and the presentation of alternative proposals in response to holders exceeding 15%.