Policy for Responding to Large-Scale Purchases
First written in FY2017-Q1. 11 of 14 entries say "Restated". Latest entry: FY2021-Q2.
80 other companies' latest entry also says "Restated".
- FY2021-Q2RestatedAnnual report
「Based on these fundamental principles, and from the perspective of securing and enhancing corporate value and the common interests of shareholders, when a party seeks to make a large-scale purchase of the Company's shares, the Company will request the necessary and sufficient information to enable shareholders to make an appropriate decision on whether the purchase is advisable, disclose the opinions of the Company's board of directors and other relevant information, and seek to secure the time and information necessary for shareholders' consideration. The Company will take appropriate measures as necessary from time to time, within the scope permitted by the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations.」
Following the discontinuation of the takeover defense measure, the Company has reiterated its policy of requesting information, disclosing the board of directors' opinion, and securing time for consideration in response to large-scale purchases, within the scope permitted by law. - FY2021-Q1RestatedAnnual report
「Based on these fundamental principles, and from the perspective of securing and enhancing corporate value and the common interests of shareholders, when a party seeks to make a large-scale purchase of the Company's shares, the Company will request the necessary and sufficient information to enable shareholders to make an appropriate decision on whether the purchase is advisable, disclose the opinions of the Company's board of directors and other relevant information, and seek to secure the time and information necessary for shareholders' consideration. The Company will take appropriate measures as necessary from time to time, within the scope permitted by the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations.」
The Company has reiterated its policy, following the discontinuation of the formal takeover defense measure, of requesting information, disclosing the board of directors' opinion, and securing time for consideration in response to large-scale purchases, within the scope permitted by law. - FY2020-Q2ReframedAnnual report
「Based on these fundamental principles, when a party seeks to make a large-scale purchase of the Company's shares, the Company will request the necessary and sufficient information to enable shareholders to make an appropriate decision on whether the purchase is advisable, disclose the opinions of the Company's board of directors and other relevant information, and seek to secure the time and information necessary for shareholders' consideration. The Company will take appropriate measures as necessary from time to time, within the scope permitted by the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations.」
Unlike the formal takeover defense measure discontinued in FY2019, this policy describes a general response under which the Company will, as necessary and within the scope permitted by law, request information, disclose the board of directors' opinion, and secure time for consideration in response to large-scale purchases. - FY2019DroppedAnnual report
「This policy was discontinued upon the conclusion of the above annual general meeting of shareholders.」
Regarding the takeover defense measure covering large-scale purchases resulting in a 20% or higher holding, the board of directors decided on 10 May 2019 not to continue it and to discontinue it; it was discontinued upon the conclusion of the annual general meeting of shareholders. - FY2019-Q2RestatedAnnual report
「At the 143rd Annual General Meeting of Shareholders held on 28 June 2007, with shareholder approval, the Company introduced its Policy for Responding to Large-Scale Purchases of the Company's Shares, commonly known as a takeover defense measure, as a policy for responding to purchases of the Company's shares intended to raise the voting rights ratio of a specific shareholder group to 20% or more, or purchases that would result in the group's voting rights ratio reaching 20% or more. The policy has since been continued with shareholder approval at each annual general meeting held every 2 years.」
The Company has reiterated its policy for responding to large-scale purchases subject to the 20% threshold and its continuation with approval at a general meeting of shareholders. - FY2019-Q1RestatedAnnual report
「At the 143rd Annual General Meeting of Shareholders held on 28 June 2007, with shareholder approval, the Company introduced its Policy for Responding to Large-Scale Purchases of the Company's Shares, commonly known as a takeover defense measure, as a policy for responding to purchases of the Company's shares intended to raise the voting rights ratio of a specific shareholder group to 20% or more, or purchases that would result in the group's voting rights ratio reaching 20% or more. The policy has since been continued with shareholder approval at each annual general meeting held every 2 years.」
The Company has reiterated its policy for responding to large-scale purchases subject to the 20% threshold and its continuation with approval at a general meeting of shareholders. - FY2018RestatedAnnual report
「As a policy for responding to purchases of the Company's shares intended to raise the voting rights ratio of a specific shareholder group to 20% or more, or purchases that would result in the group's voting rights ratio reaching 20% or more, the Company introduced its Policy for Responding to Large-Scale Purchases of the Company's Shares, commonly known as a takeover defense measure. The policy has since been continued with shareholder approval at each annual general meeting held every 2 years.」
The Company has reiterated its policy for responding to large-scale purchases subject to the 20% threshold and its continuation with approval at a general meeting of shareholders. - FY2018-Q3RestatedAnnual report
「At the 143rd Annual General Meeting of Shareholders held on 28 June 2007, with shareholder approval, the Company introduced its Policy for Responding to Large-Scale Purchases of the Company's Shares, commonly known as a takeover defense measure, as a policy for responding to purchases of the Company's shares intended to raise the voting rights ratio of a specific shareholder group to 20% or more, or purchases that would result in the group's voting rights ratio reaching 20% or more. The policy has since been continued with shareholder approval at each annual general meeting held every 2 years.」
The Company has reiterated its policy for responding to large-scale purchases subject to the 20% threshold and its continuation with approval at a general meeting of shareholders. - FY2018-Q2RestatedAnnual report
「At the 143rd Annual General Meeting of Shareholders held on 28 June 2007, with shareholder approval, the Company introduced its Policy for Responding to Large-Scale Purchases of the Company's Shares, commonly known as a takeover defense measure, as a policy for responding to purchases of the Company's shares intended to raise the voting rights ratio of a specific shareholder group to 20% or more, or purchases that would result in the group's voting rights ratio reaching 20% or more. The policy has since been continued with shareholder approval at each annual general meeting held every 2 years.」
The Company has reiterated its policy for responding to large-scale purchases subject to the 20% threshold and its continuation with approval at a general meeting of shareholders. - FY2018-Q1RestatedAnnual report
「As a policy for responding to purchases of the Company's shares intended to raise the voting rights ratio of a specific shareholder group to 20% or more, or purchases that would result in the group's voting rights ratio reaching 20% or more, the Company introduced its Policy for Responding to Large-Scale Purchases of the Company's Shares, commonly known as a takeover defense measure. The policy has since been continued with shareholder approval at each annual general meeting held every 2 years.」
The Company has reiterated its policy for responding to large-scale purchases subject to the 20% threshold and its continuation with approval at a general meeting of shareholders. - FY2017RestatedAnnual report
「As a policy for responding to purchases of the Company's shares intended to raise the voting rights ratio of a specific shareholder group to 20% or more, or purchases that would result in the group's voting rights ratio reaching 20% or more, the Company introduced its Policy for Responding to Large-Scale Purchases of the Company's Shares, commonly known as a takeover defense measure. The policy has since been continued with shareholder approval at each annual general meeting held every 2 years.」
The Company has reiterated its policy for responding to large-scale purchases subject to the 20% threshold and its continuation with approval at a general meeting of shareholders. - FY2017-Q3RestatedAnnual report
「As a policy for responding to purchases of the Company's shares intended to raise the voting rights ratio of a specific shareholder group to 20% or more, or purchases that would result in the group's voting rights ratio reaching 20% or more, the Company introduced its Policy for Responding to Large-Scale Purchases of the Company's Shares, commonly known as a takeover defense measure. The policy has since been continued with shareholder approval at each annual general meeting held every 2 years.」
The Company has reiterated its policy for responding to large-scale purchases subject to the 20% threshold and its continuation with approval at a general meeting of shareholders. - FY2017-Q2RestatedAnnual report
「At the 143rd Annual General Meeting of Shareholders held on 28 June 2007, with shareholder approval, the Company introduced its Policy for Responding to Large-Scale Purchases of the Company's Shares, commonly known as a takeover defense measure, as a policy for responding to purchases of the Company's shares intended to raise the voting rights ratio of a specific shareholder group to 20% or more, or purchases that would result in the group's voting rights ratio reaching 20% or more. The policy has since been continued with shareholder approval at each annual general meeting held every 2 years.」
There has been no change to the continuation of the takeover defense measure or the 20% threshold. - FY2017-Q1First statedAnnual report
「As a policy for responding to purchases of the Company's shares intended to raise the voting rights ratio of a specific shareholder group to 20% or more, or purchases that would result in the group's voting rights ratio reaching 20% or more, the Company introduced its Policy for Responding to Large-Scale Purchases of the Company's Shares, commonly known as a takeover defense measure. The policy has since been continued with shareholder approval at each annual general meeting held every 2 years.」
The takeover defense measure continues, centered on the provision of information, time for shareholders to make decisions, and recommendations from the independent committee.