Damage to Corporate Value Caused by Inappropriate Large-Scale Purchase Actions
First written in FY2016. 17 of 18 entries say "Restated". Latest entry: FY2026.
109 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The purpose of the current plan is to help maximize the Company's corporate value and, by extension, the common interests of shareholders by securing the information and time necessary for the Company's shareholders to make an appropriate decision on whether to accept a large-scale purchase transaction, meaning a purchase of the Company's shares or other equity securities intended to give a specified shareholder group voting rights of 20% or more, or a purchase that would result in a specified shareholder group holding voting rights of 20% or more, and by having the Company's management negotiate with the large-scale purchaser on behalf of the Company's shareholders, among other measures.」
The Company has reconfirmed its position that, in response to large-scale purchase transactions involving 20% or more of voting rights, the information and time necessary for shareholders to make a decision should be secured and management should negotiate with the purchaser. - FY2023RestatedAnnual report
「The Company believes it is necessary to secure the corporate value of the Company and its group and, by extension, the common interests of shareholders by taking necessary and appropriate measures against parties conducting large-scale purchase transactions that do not contribute to the corporate value of the Company and its group or the common interests of shareholders.」
The policy for responding to large-scale purchase transactions that do not contribute to corporate value or the common interests of shareholders has been reconfirmed. - FY2021RestatedAnnual report
「This plan applies when a large-scale purchase transaction is conducted, meaning a purchase of the Company's shares or other equity securities intended to give a specified shareholder group voting rights of 20% or more, or a purchase that would result in a specified shareholder group holding voting rights of 20% or more.」
Concerns about large-scale purchase transactions that do not contribute to corporate value or the common interests of shareholders, and the threshold of a voting-rights ratio of 20% or more, have been reconfirmed. - FY2020-Q3RestatedAnnual report
「This plan applies when a large-scale purchase transaction is conducted, meaning a purchase of the Company's shares or other equity securities intended to give a specified shareholder group voting rights of 20% or more, or a purchase that would result in a specified shareholder group holding voting rights of 20% or more.」
The position that a voting-rights ratio of 20% or more is the threshold for covered large-scale purchase transactions has been reconfirmed. - FY2020-Q2RestatedAnnual report
「This plan applies when a large-scale purchase transaction is conducted, meaning a purchase of the Company's shares or other equity securities intended to give a specified shareholder group voting rights of 20% or more, or a purchase that would result in a specified shareholder group holding voting rights of 20% or more.」
The position that a voting-rights ratio of 20% or more is the threshold for covered large-scale purchase transactions has been reconfirmed. - FY2020-Q1RestatedAnnual report
「This plan applies when a large-scale purchase transaction is conducted, meaning a purchase of the Company's shares or other equity securities intended to give a specified shareholder group voting rights of 20% or more, or a purchase that would result in a specified shareholder group holding voting rights of 20% or more.」
The position that a voting-rights ratio of 20% or more is the threshold for covered large-scale purchase transactions has been reconfirmed. - FY2019RestatedAnnual report
「The Company believes it is necessary to secure the corporate value of the Company and its group and, by extension, the common interests of shareholders by taking necessary and appropriate measures against parties conducting large-scale purchase transactions that do not contribute to the corporate value of the Company and its group or the common interests of shareholders.」
The policy for responding to large-scale purchase transactions that do not contribute to corporate value or the common interests of shareholders has been reconfirmed. - FY2019-Q3RestatedAnnual report
「The Company believes that trading in the shares of a publicly listed company should ultimately be left to the judgment of shareholders. However, it also believes it is necessary to secure the corporate value of the Company and its group and, by extension, the common interests of shareholders by taking necessary and appropriate measures against parties conducting large-scale purchase transactions that do not contribute to the corporate value of the Company and its group or the common interests of shareholders.」
The policy for responding to large-scale purchase transactions that do not contribute to corporate value or the common interests of shareholders has been reconfirmed. - FY2019-Q2RestatedAnnual report
「The Company believes it is necessary to secure the corporate value of the Company and its group and, by extension, the common interests of shareholders by taking necessary and appropriate measures against parties conducting large-scale purchase transactions that do not contribute to the corporate value of the Company and its group or the common interests of shareholders.」
The policy for responding to inappropriate large-scale purchase transactions has been restated. - FY2019-Q1RestatedAnnual report
「The purpose of this plan is to help maximize the Company's corporate value and, by extension, the common interests of shareholders by securing the information and time necessary for the Company's shareholders to make an appropriate decision on whether to accept a large-scale purchase transaction, meaning a purchase of the Company's shares or other equity securities intended to give a specified shareholder group voting rights of 20% or more, or a purchase that would result in a specified shareholder group holding voting rights of 20% or more, and by having the Company's management negotiate with the large-scale purchaser on behalf of the Company's shareholders, among other measures.」
The Company has reconfirmed its position that a voting-rights ratio of 20% or more is the threshold for covered large-scale purchase transactions and that the information and time necessary for shareholders to make a decision should be secured. - FY2018RestatedAnnual report
「A purchase of the Company's shares or other equity securities intended to result in a Specific Shareholder Group holding 20% or more of the voting rights, or a purchase of the Company's shares or other equity securities that results in the Specific Shareholder Group holding 20% or more of the voting rights」
Concerns about large-scale purchase transactions that could undermine corporate value and the common interests of shareholders continue, and a voting-rights ratio of 20% or more is expressly stated as the threshold for covered transactions. - FY2018-Q3RestatedAnnual report
「The Company believes it is necessary to secure the corporate value of the Company and its group and, by extension, the common interests of shareholders by taking necessary and appropriate measures against parties conducting large-scale purchase transactions that do not contribute to the corporate value of the Company and its group or the common interests of shareholders.」
The policy for responding to inappropriate large-scale purchase transactions has been restated. - FY2018-Q2RestatedAnnual report
「The Company believes it is necessary to secure the corporate value of the Company and its group and, by extension, the common interests of shareholders by taking necessary and appropriate measures against parties conducting large-scale purchase transactions that do not contribute to the corporate value of the Company and its group or the common interests of shareholders.」
The policy for responding to inappropriate large-scale purchase transactions has been restated. - FY2018-Q1RestatedAnnual report
「The Company believes it is necessary to secure the corporate value of the Company and its group and, by extension, the common interests of shareholders by taking necessary and appropriate measures against parties conducting large-scale purchase transactions that do not contribute to the corporate value of the Company and its group or the common interests of shareholders.」
The policy for responding to inappropriate large-scale purchase transactions has been restated. - FY2017-Q3RestatedAnnual report
「The Company believes it is necessary to secure the corporate value of the Company and its group and, by extension, the common interests of shareholders by taking necessary and appropriate measures against parties conducting large-scale purchase transactions that do not contribute to the corporate value of the Company and its group or the common interests of shareholders.」
The policy for responding to inappropriate large-scale purchase transactions has been restated. - FY2017-Q2RestatedAnnual report
「The Company believes it is necessary to secure the corporate value of the Company and its group and, by extension, the common interests of shareholders by taking necessary and appropriate measures against parties conducting large-scale purchase transactions that do not contribute to the corporate value of the Company and its group or the common interests of shareholders.」
The policy for responding to inappropriate large-scale purchase transactions has been restated. - FY2017-Q1RestatedAnnual report
「The Company believes it is necessary to secure the corporate value of the Company and its group and, by extension, the common interests of shareholders by taking necessary and appropriate measures against parties conducting large-scale purchase transactions that do not contribute to the corporate value of the Company and its group or the common interests of shareholders.」
The explanation of the risk that inappropriate large-scale purchase transactions could undermine corporate value and the common interests of shareholders has been restated. - FY2016First statedAnnual report
「The Company believes it is necessary to secure the corporate value of the Company and its group and, by extension, the common interests of shareholders by taking necessary and appropriate measures against parties conducting large-scale purchase transactions that do not contribute to the corporate value of the Company and its group or the common interests of shareholders.」
The Company explains the risk that acquisitions and similar transactions pursuing short-term profits could disadvantage shareholders.