Securing Corporate Value and the Common Interests of Shareholders through Takeover Defense Measures
First written in FY2016. 14 of 18 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2023: 1 of 6 companies on the "Worse" side.
35 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「At a Board of Directors meeting held on 10 May 2024, the Company resolved not to continue the "Response Measures to Large-Scale Acquisitions of the Company's Shares (Takeover Defense Measures)" and to abolish them upon the conclusion of the Company's 101st annual general meeting of shareholders, when their effective period expires.」
The disclosure states that the Company resolved not to continue the takeover defense measures and to abolish them upon the conclusion of the 101st annual general meeting of shareholders. - FY2022RestatedAnnual report
「The plan applies to purchases or other acquisitions of share certificates or other securities issued by the Company that result in the holder's ownership ratio of share certificates or other securities reaching 20% or more, as well as tender offers for share certificates or other securities issued by the Company that result in the combined ownership ratio after the tender offer of the tender offeror and its specially related parties reaching 20% or more, and similar actions or proposals. The plan remains effective from 29 June 2021 until the conclusion of the annual general meeting of shareholders relating to the last fiscal year ending within 3 years after that date.」
For the takeover defense measures continued on 29 June 2021, the disclosure reiterates the scope covering large-scale acquisitions of 20% or more and the effective period. - FY2021AdvancedAnnual report
「At the 98th annual general meeting of shareholders held on 29 June 2021, shareholders approved the continuation of the "Response Measures to Large-Scale Acquisitions of the Company's Shares (Takeover Defense Measures)." The plan remains effective from 29 June 2021 until the conclusion of the annual general meeting of shareholders relating to the last fiscal year ending within 3 years after that date.」
The continuation of the takeover defense measures was approved at the annual general meeting of shareholders on 29 June 2021, and the effective period was renewed. The measures apply to acquisitions, etc. that result in an ownership ratio of 20% or more. - FY2020-Q3RestatedAnnual report
「The plan applies to purchases or other acquisitions of the company's shares or other securities that result in the holder's ownership ratio reaching 20% or more, tender offers for the company's shares or other securities that result in the aggregate ownership ratio after the tender offer of the tender offeror and its specially related parties reaching 20% or more, and similar actions or proposals (collectively, "Purchases, etc.").」
For the takeover defense measures continued on 26 June 2018, the disclosure reconfirms the framework covering large-scale acquisitions of 20% or more. - FY2020-Q2RestatedAnnual report
「At the 95th annual general meeting of shareholders held on 26 June 2018, shareholders approved the continuation of the "Response Measures to Large-Scale Acquisitions of the Company's Shares (Takeover Defense Measures)." When a large-scale acquisition of the Company's shares is proposed, this plan provides an essential framework enabling the Company's Board of Directors to propose alternatives to shareholders, secure the information and time needed for shareholders to determine whether to accept the acquisition, and negotiate on behalf of shareholders. Through these measures, the plan aims to preserve and enhance the Company's corporate value and the common interests of its shareholders. The plan applies to purchases or other acquisitions of share certificates or other securities issued by the Company that result in the holder's ownership ratio of share certificates or other securities reaching 20% or more, as well as tender offers for share certificates or other securities issued by the Company that result in the combined ownership ratio after the tender offer of the tender offeror and its specially related parties reaching 20% or more, and similar actions or proposals (collectively, "Acquisitions, etc.").」
For the takeover defense measures continued on 26 June 2018, the disclosure reiterates the framework covering large-scale acquisitions of 20% or more, as well as the securing of information and time and procedures involving an independent committee. - FY2020-Q1RestatedAnnual report
「The purpose of this plan is to secure and enhance corporate value and the common interests of shareholders by establishing a framework that enables the Board of Directors to propose alternatives to shareholders when a large-scale purchase of the company's shares is made, secure the information and time necessary for shareholders to decide whether to accept such purchase, and negotiate on behalf of shareholders. The plan applies to purchases or other acquisitions of the company's shares or other securities that result in the holder's ownership ratio reaching 20% or more, tender offers for the company's shares or other securities that result in the aggregate ownership ratio after the tender offer of the tender offeror and its specially related parties reaching 20% or more, and similar actions or proposals (collectively, "Purchases, etc.").」
For the takeover defense measures continued on 26 June 2018, the disclosure reiterates the framework covering large-scale acquisitions of 20% or more and using measures such as securing information and time, review by an independent committee, and the gratis allotment of stock acquisition rights. - FY2019RestatedAnnual report
「The plan aims to preserve and enhance the Company's corporate value and the common interests of its shareholders by providing a framework that, when a large-scale acquisition of the Company's shares is proposed, enables the Company's Board of Directors to propose alternatives to shareholders, secure the information and time needed for shareholders to determine whether to accept the acquisition, and negotiate on behalf of shareholders. The plan applies to purchases or other acquisitions of share certificates or other securities issued by the Company that result in the holder's ownership ratio of share certificates or other securities reaching 20% or more, as well as tender offers for share certificates or other securities issued by the Company that result in the combined ownership ratio after the tender offer of the tender offeror and its specially related parties reaching 20% or more, and similar actions or proposals.」
For the takeover defense measures continued on 26 June 2018, the disclosure reiterates the framework covering large-scale acquisitions of 20% or more. - FY2019-Q3RestatedAnnual report
「The purpose of this plan is to secure and enhance corporate value and the common interests of shareholders by establishing a framework that enables the Board of Directors to propose alternatives to shareholders when a large-scale purchase of the company's shares is made, secure the information and time necessary for shareholders to decide whether to accept such purchase, and negotiate on behalf of shareholders. The plan applies to purchases or other acquisitions of the company's shares or other securities that result in the holder's ownership ratio reaching 20% or more, tender offers for the company's shares or other securities that result in the aggregate ownership ratio after the tender offer of the tender offeror and its specially related parties reaching 20% or more, and similar actions or proposals (collectively, "Purchases, etc.").」
For the takeover defense measures continued at the annual general meeting of shareholders on 26 June 2018, the disclosure reiterates the scope covering large-scale acquisitions of 20% or more, as well as the securing of information and time and procedures involving an independent committee, among others. - FY2019-Q2RestatedAnnual report
「The plan applies to purchases or other acquisitions of the company's shares or other securities that result in the holder's ownership ratio reaching 20% or more, tender offers for the company's shares or other securities that result in the aggregate ownership ratio after the tender offer of the tender offeror and its specially related parties reaching 20% or more, and similar actions or proposals (collectively, "Purchases, etc.").」
For the takeover defense measures continued at the annual general meeting of shareholders on 26 June 2018, the disclosure reiterates the scope covering large-scale acquisitions of 20% or more and procedures involving an independent committee, among others. - FY2019-Q1RestatedAnnual report
「The plan applies to purchases or other acquisitions of share certificates or other securities issued by the Company that result in the holder's ownership ratio of share certificates or other securities reaching 20% or more, as well as tender offers for share certificates or other securities issued by the Company that result in the combined ownership ratio after the tender offer of the tender offeror and its specially related parties reaching 20% or more, and similar actions or proposals (collectively, "Acquisitions, etc."). The plan remains effective from 26 June 2018 until the conclusion of the annual general meeting of shareholders relating to the last fiscal year ending within 3 years after that date.」
For the takeover defense measures continued at the annual general meeting of shareholders on 26 June 2018, the disclosure reiterates the scope covering large-scale acquisitions of 20% or more and the effective period of up to approximately 3 years. - FY2018AdvancedAnnual report
「At the 95th annual general meeting of shareholders held on 26 June 2018, shareholders approved the continuation of the "Response Measures to Large-Scale Acquisitions of the Company's Shares (Takeover Defense Measures)." When a large-scale acquisition of the Company's shares is proposed, this plan provides an essential framework enabling the Company's Board of Directors to propose alternatives to shareholders, secure the information and time needed for shareholders to determine whether to accept the acquisition, and negotiate on behalf of shareholders. Through these measures, the plan aims to preserve and enhance the Company's corporate value and the common interests of its shareholders. The plan remains effective from 26 June 2018 until the conclusion of the annual general meeting of shareholders relating to the last fiscal year ending within 3 years after that date.」
The continuation of the takeover defense measures was approved at the annual general meeting of shareholders, and the framework covering large-scale acquisitions of 20% or more was renewed. The effective period was also revised to a framework lasting up to approximately 3 years from 26 June 2018. - FY2018-Q3RestatedAnnual report
「The purpose of this plan is to secure and enhance corporate value and the common interests of shareholders by establishing a framework that enables the Board of Directors to propose alternatives to shareholders when a large-scale purchase of the company's shares is made, secure the information and time necessary for shareholders to decide whether to accept such purchase, and negotiate on behalf of shareholders. The plan applies to purchases or other acquisitions of the company's shares or other securities that result in the holder's ownership ratio reaching 20% or more, tender offers for the company's shares or other securities that result in the aggregate ownership ratio after the tender offer of the tender offeror and its specially related parties reaching 20% or more, and similar actions or proposals (collectively, "Purchases, etc."). The plan is effective from 24 June 2015 until the conclusion of the company's Annual General Meeting of Shareholders scheduled for June 2018.」
The company continues to maintain takeover defense measures covering large-scale acquisitions of 20% or more, using procedures such as securing information and time and review by an independent committee. The measures remain effective until the conclusion of the annual general meeting of shareholders scheduled for June 2018. - FY2018-Q1RestatedAnnual report
「The plan applies to purchases or other acquisitions of the company's shares or other securities that result in the holder's ownership ratio reaching 20% or more, tender offers for the company's shares or other securities that result in the aggregate ownership ratio after the tender offer of the tender offeror and its specially related parties reaching 20% or more, and similar actions or proposals (collectively, "Purchases, etc.").」
The company continues its takeover defense plan covering large-scale acquisitions and other transactions involving 20% or more, using procedures involving an independent committee and the gratis allotment of stock acquisition rights. The plan remains effective until the conclusion of the Annual General Meeting of Shareholders scheduled for June 2018. - FY2017RestatedAnnual report
「The purpose of this plan is to secure and enhance corporate value and the common interests of shareholders by establishing a framework that enables the Board of Directors to propose alternatives to shareholders when a large-scale purchase of the company's shares is made, secure the information and time necessary for shareholders to decide whether to accept such purchase, and negotiate on behalf of shareholders. The plan applies to purchases or other acquisitions of the company's shares or other securities that result in the holder's ownership ratio reaching 20% or more, tender offers for the company's shares or other securities that result in the aggregate ownership ratio after the tender offer of the tender offeror and its specially related parties reaching 20% or more, and similar actions or proposals (collectively, "Purchases, etc.").」
The company continues its takeover defense plan covering large-scale acquisitions and other transactions involving 20% or more, using procedures involving an independent committee, securing information and time, and the gratis allotment of stock acquisition rights. The plan remains effective until the conclusion of the Annual General Meeting of Shareholders scheduled for June 2018. - FY2017-Q3RestatedAnnual report
「The purpose of this plan is to secure and enhance corporate value and the common interests of shareholders by establishing a framework that enables the Board of Directors to propose alternatives to shareholders when a large-scale purchase of the company's shares is made, secure the information and time necessary for shareholders to decide whether to accept such purchase, and negotiate on behalf of shareholders. The plan applies to purchases or other acquisitions of the company's shares or other securities that result in the holder's ownership ratio reaching 20% or more, tender offers for the company's shares or other securities that result in the aggregate ownership ratio after the tender offer of the tender offeror and its specially related parties reaching 20% or more, and similar actions or proposals (collectively, "Purchases, etc."). The plan is effective from 24 June 2015 until the conclusion of the company's Annual General Meeting of Shareholders scheduled for June 2018.」
The company continues its takeover defense plan covering large-scale acquisitions and other transactions involving 20% or more, using procedures that secure information and time and involve an independent committee. The plan remains effective until the conclusion of the Annual General Meeting of Shareholders scheduled for June 2018. - FY2017-Q2RestatedAnnual report
「The plan is effective from 24 June 2015 until the conclusion of the company's Annual General Meeting of Shareholders scheduled for June 2018.」
The company reiterates the framework of the takeover defense plan continued in 2015, including its effectiveness until the conclusion of the Annual General Meeting of Shareholders scheduled for June 2018. - FY2017-Q1RestatedAnnual report
「The plan applies to purchases or other acquisitions of the company's shares or other securities that result in the holder's ownership ratio reaching 20% or more, tender offers for the company's shares or other securities that result in the aggregate ownership ratio after the tender offer of the tender offeror and its specially related parties reaching 20% or more, and similar actions or proposals (collectively, "Purchases, etc.").」
The company reiterates the framework of the takeover defense plan continued in June 2015, which applies to acquisitions and other transactions involving 20% or more and provides for procedures involving an independent committee. - FY2016First statedAnnual report
「The purpose of this plan is to secure and enhance corporate value and the common interests of shareholders by establishing a framework that enables the Board of Directors to propose alternatives to shareholders when a large-scale purchase of the company's shares is made, secure the information and time necessary for shareholders to decide whether to accept such purchase, and negotiate on behalf of shareholders. The plan applies to purchases or other acquisitions of the company's shares or other securities that result in the holder's ownership ratio reaching 20% or more, tender offers for the company's shares or other securities that result in the aggregate ownership ratio after the tender offer of the tender offeror and its specially related parties reaching 20% or more, and similar actions or proposals (collectively, "Purchases, etc.").」
The company continued its takeover defense plan in June 2015. The framework applies to acquisitions and other transactions involving 20% or more and provides for securing information and time, decisions by an independent committee, and the gratis allotment of stock acquisition rights. The plan remains effective until the conclusion of the Annual General Meeting of Shareholders scheduled for June 2018.