Takeover Defense Plan Incorporating an Independent Committee and Shareholder Intent
First written in FY2016. 6 of 10 entries say "Advanced", first in FY2017. Latest entry: FY2026.
30 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「This plan was approved by the shareholders at the annual shareholders meeting held on 21 June 2025 and continued at that time.」
It confirmed that the policy for addressing acquisitions, which was scheduled to be submitted in the previous filing, was approved at the annual shareholders meeting held on 21 June 2025 and continues. The procedures incorporating the independent committee, board of directors and shareholders meeting also continue. - FY2025AdvancedAnnual report
「At the annual shareholders meeting held on 20 June 2009, the Company submitted a proposal concerning the continuation of the “Basic Policy Regarding the Form of Persons Controlling Decisions on the Company's Financial and Business Policies” stipulated in Article 118, Item 3 of the Ordinance for Enforcement of the Companies Act—“Measures to Address Large-Scale Acquisitions of the Company's Shares (Policy for Addressing Acquisitions).” Subject to approval and adoption of the proposal, the Company plans to continue and partially amend the policy as follows.」
Regarding the policy for addressing acquisitions, the Company submitted a proposal for continuation and partial amendment at the annual shareholders meeting scheduled for 21 June 2025. The procedures incorporating the independent committee, shareholders meeting and board of directors remain in place, but the proposal had not been approved as of the filing date. - FY2024AdvancedAnnual report
「This plan was approved by the shareholders at the annual shareholders meeting held on 17 June 2023 and remained in effect at that time.」
It disclosed that the takeover defense plan had been approved for continuation at the annual shareholders meeting held on 17 June 2023. The framework for recommendations by the independent committee and decisions by the shareholders meeting and the board of directors also continues. - FY2022RestatedAnnual report
「This plan was approved by the shareholders at the annual shareholders meeting held on 19 June 2021 and remained in effect at that time.」
It reaffirmed the continuation of the takeover defense plan incorporating recommendations by the independent committee, decisions by the board of directors and the shareholders meeting, and information-provision procedures. - FY2021AdvancedAnnual report
「This plan was approved by the shareholders at the annual shareholders meeting held on 19 June 2021 and remained in effect at that time.」
The takeover defense plan incorporating the independent committee, board of directors and shareholders meeting was approved for continuation at the annual shareholders meeting held on 19 June 2021. - FY2020RestatedAnnual report
「From this perspective, the plan establishes an independent committee that makes recommendations from a neutral and independent standpoint, and provides for procedures to proceed in a manner that gives the Company's board of directors the utmost respect for those recommendations.」
It continues the takeover defense plan incorporating recommendations by the independent committee, decisions by the board of directors and the shareholders meeting, and information-provision procedures. - FY2019AdvancedAnnual report
「This plan was approved by the shareholders at the annual shareholders meeting held on 15 June 2019 and remained in effect at that time.」
The takeover defense plan was approved at the annual shareholders meeting held on 15 June 2019 and continued. It incorporates recommendations by the independent committee, decisions by the board of directors and the shareholders meeting, and information-provision procedures. - FY2018RestatedAnnual report
「This plan was approved by the shareholders at the annual shareholders meeting held on 17 June 2017 and remained in effect at that time.」
It reaffirmed the continuation of the takeover defense plan incorporating decisions by the independent committee, the shareholders meeting and the board of directors. - FY2017AdvancedAnnual report
「This plan was approved by the shareholders at the annual shareholders meeting held on 17 June 2017 and remained in effect at that time.」
The takeover defense plan was approved at the annual shareholders meeting and continued. Its effective period runs until the conclusion of the annual shareholders meeting relating to the last fiscal year ending within 2 years after the conclusion of the annual shareholders meeting. - FY2016First statedAnnual report
「The Company will seek to prevent purchases and similar transactions that could impair its corporate value and, consequently, the common interests of shareholders by giving advance notice to parties making large-scale purchases of the Company's shares that certain procedures must be followed and that, within the limits permitted by laws and regulations and the Company's articles of incorporation, it may implement appropriate countermeasures.」
A framework combining information provided by the purchaser, review and recommendations by an independent committee, resolutions by the board of directors or a shareholders meeting, and the gratis allotment of stock acquisition rights and other measures.