Advance-Warning Takeover Defense Measure Against Large-Scale Purchases of 20% or More
First written in FY2016. 4 of 7 entries say "Advanced", first in FY2017. Latest entry: FY2025.
BeMap moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
15 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「The plan was approved for renewal at the 11th, 13th, 15th, 17th, 19th, 21st, 23rd, 25th and 27th Annual General Meetings of Shareholders held on 25 June 2009, 22 June 2011, 26 June 2013, 24 June 2015, 27 June 2017, 25 June 2019, 25 June 2021, 27 June 2023 and 26 June 2025, respectively. At the 27th Annual General Meeting of Shareholders, the plan was renamed, in light of amendments to listing rules and developments in practice, the “Policy for Responding to Large-Scale Purchases of the Company's Shares.” Its substance remains the same as before, apart from the change in its validity period accompanying the renewal and other necessary revisions.」
The renewal was approved at the Annual General Meeting of Shareholders held on 26 June 2025, and the name was changed from “Takeover Defense Plan Against Abusive Acquisitions” to “Policy for Responding to Large-Scale Purchases of the Company's Shares.” The substance remains broadly unchanged. - FY2023AdvancedAnnual report
「The plan was approved for renewal at the 11th, 13th, 15th, 17th, 19th, 21st, 23rd and 25th Annual General Meetings of Shareholders held on 25 June 2009, 22 June 2011, 26 June 2013, 24 June 2015, 27 June 2017, 25 June 2019, 25 June 2021 and 27 June 2023, respectively.」
The advance-warning takeover defense plan covering purchases of 20% or more was approved for renewal at the Annual General Meeting of Shareholders held on 27 June 2023. - FY2021AdvancedAnnual report
「The plan was approved for renewal at the 11th, 13th, 15th, 17th, 19th, 21st and 23rd Annual General Meetings of Shareholders held on 25 June 2009, 22 June 2011, 26 June 2013, 24 June 2015, 27 June 2017, 25 June 2019 and 25 June 2021, respectively. If a purchase of 20% or more of the Company's shares or other securities, a similar transaction or a proposal for one is made, this plan establishes procedures under which the purchaser must provide information on the proposed purchase in advance, allowing time to collect and review information on it, present shareholders with the Company's management plan or alternatives, and negotiate with the purchaser or other relevant parties.」
The advance-warning takeover defense plan covering purchases of 20% or more was approved for renewal at the Annual General Meeting of Shareholders held on 25 June 2021. - FY2019AdvancedAnnual report
「The plan was approved for renewal at the 11th, 13th, 15th, 17th, 19th and 21st Annual General Meetings of Shareholders held on 25 June 2009, 22 June 2011, 26 June 2013, 24 June 2015, 27 June 2017 and 25 June 2019, respectively. If a purchase of 20% or more of the Company's shares or other securities, a similar transaction or a proposal for one is made, this plan establishes procedures under which the purchaser must provide information on the proposed purchase in advance, allowing time to collect and review information on it, present shareholders with the Company's management plan or alternatives, and negotiate with the purchaser or other relevant parties.」
The advance-warning takeover defense plan covering purchases of 20% or more was approved for renewal at the Annual General Meeting of Shareholders held on 25 June 2019. - FY2018RestatedAnnual report
「The plan was approved for renewal at the 11th, 13th, 15th, 17th and 19th Annual General Meetings of Shareholders held on 25 June 2009, 22 June 2011, 26 June 2013, 24 June 2015 and 27 June 2017, respectively.」
The company continues to disclose the advance-warning takeover defense plan covering purchases of 20% or more and the framework for its approval by the Annual General Meeting of Shareholders. - FY2017AdvancedAnnual report
「The plan was approved for renewal at the 11th, 13th, 15th, 17th and 19th Annual General Meetings of Shareholders held on 25 June 2009, 22 June 2011, 26 June 2013, 24 June 2015 and 27 June 2017, respectively.」
The advance-warning takeover defense plan covering purchases of 20% or more was approved for renewal at the Annual General Meeting of Shareholders held on 27 June 2017. - FY2016First statedAnnual report
「If a purchase of 20% or more of the Company's shares or other securities, a similar transaction or a proposal for one is made, this plan establishes procedures under which the purchaser must provide information on the proposed purchase in advance, allowing time to collect and review information on it, present shareholders with the Company's management plan or alternatives, and negotiate with the purchaser or other relevant parties.」
The company describes a framework for purchases of 20% or more that provides time for information disclosure and review, presentation of alternatives and negotiations, using a highly independent committee and stock acquisition rights. The plan has a validity period of approximately 2 years.