Impairment of Corporate Value and Common Interests of Shareholders through Large-Scale Purchases
First written in FY2016. 17 of 18 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 3 of 26 companies on the "Worse" side.
86 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「However, some large-scale purchases or purchase proposals may effectively compel shareholders to sell their shares, fail to provide shareholders with sufficient time or information to consider the terms of the purchase or for the Company's board of directors to propose alternatives, or be clearly intended for abusive purposes, and may therefore impair corporate value and, by extension, the common interests of shareholders.」
The previous recognition continues regarding the possibility that a large-scale acquisition could impair corporate value and the common interests of shareholders. - FY2022RestatedAnnual report
「However, some large-scale purchases or purchase proposals may effectively compel shareholders to sell their shares, fail to provide shareholders with sufficient time or information to consider the terms of the purchase or for the Company's board of directors to propose alternatives, or be clearly intended for abusive purposes, and may therefore impair corporate value and, by extension, the common interests of shareholders.」
The previous recognition continues that large-scale purchases targeting a voting interest of 20% or more could impair corporate value and the common interests of shareholders. - FY2020-Q3RestatedAnnual report
「However, some large-scale purchases or purchase proposals may effectively compel shareholders to sell their shares, fail to provide shareholders with sufficient time or information to consider the terms of the purchase or for the Company's board of directors to propose alternatives, or be clearly intended for abusive purposes, and may therefore impair corporate value and, by extension, the common interests of shareholders.」
The previous recognition continues regarding the possibility that a large-scale acquisition could impair corporate value or the common interests of shareholders. - FY2020-Q2RestatedAnnual report
「However, some large-scale purchases or purchase proposals may effectively compel shareholders to sell their shares, fail to provide shareholders with sufficient time or information to consider the terms of the purchase or for the Company's board of directors to propose alternatives, or be clearly intended for abusive purposes, and may therefore impair corporate value and, by extension, the common interests of shareholders.」
The previous recognition continues regarding the possibility that a large-scale acquisition could impair corporate value and the common interests of shareholders. - FY2020-Q1RestatedAnnual report
「A purchase of the Company's shares covered by this plan means a purchase of the Company's shares or other securities intended to result in a specified shareholder group holding a voting interest of 20% or more, or a purchase of the Company's shares or other securities that results in a specified shareholder group holding a voting interest of 20% or more.」
This plan continues the previous recognition that large-scale purchases involving a voting interest of 20% or more could impair corporate value and the common interests of shareholders. - FY2019RestatedAnnual report
「However, some large-scale purchases or purchase proposals may effectively compel shareholders to sell their shares, fail to provide shareholders with sufficient time or information to consider the terms of the purchase or for the Company's board of directors to propose alternatives, or be clearly intended for abusive purposes, and may therefore impair corporate value and, by extension, the common interests of shareholders.」
The previous recognition continues regarding the possibility that a large-scale acquisition could impair corporate value or the common interests of shareholders. - FY2019-Q3RestatedAnnual report
「However, some large-scale purchases or purchase proposals may effectively compel shareholders to sell their shares, fail to provide shareholders with sufficient time or information to consider the terms of the purchase or for the Company's board of directors to propose alternatives, or be clearly intended for abusive purposes, and may therefore impair corporate value and, by extension, the common interests of shareholders.」
The previous recognition continues regarding the possibility that a large-scale acquisition could impair corporate value or the common interests of shareholders. - FY2019-Q2RestatedAnnual report
「However, some large-scale purchases or purchase proposals may effectively compel shareholders to sell their shares, fail to provide shareholders with sufficient time or information to consider the terms of the purchase or for the Company's board of directors to propose alternatives, or be clearly intended for abusive purposes, and may therefore impair corporate value and, by extension, the common interests of shareholders.」
The previous recognition continues regarding the possibility that a large-scale acquisition could impair corporate value or the common interests of shareholders. - FY2019-Q1RestatedAnnual report
「However, some large-scale purchases or purchase proposals may effectively compel shareholders to sell their shares, fail to provide shareholders with sufficient time or information to consider the terms of the purchase or for the Company's board of directors to propose alternatives, or be clearly intended for abusive purposes, and may therefore impair corporate value and, by extension, the common interests of shareholders.」
The previous recognition continues regarding the possibility that a large-scale acquisition could impair corporate value and the common interests of shareholders. - FY2018RestatedAnnual report
「However, some large-scale purchases or purchase proposals may effectively compel shareholders to sell their shares, fail to provide shareholders with sufficient time or information to consider the terms of the purchase or for the Company's board of directors to propose alternatives, or be clearly intended for abusive purposes, and may therefore impair corporate value and, by extension, the common interests of shareholders.」
The previous recognition continues regarding the possibility that a large-scale acquisition could impair corporate value and the common interests of shareholders. - FY2018-Q3RestatedAnnual report
「However, some large-scale purchases or purchase proposals may effectively compel shareholders to sell their shares, fail to provide shareholders with sufficient time or information to consider the terms of the purchase or for the Company's board of directors to propose alternatives, or be clearly intended for abusive purposes, and may therefore impair corporate value and, by extension, the common interests of shareholders.」
The previous recognition continues regarding the possibility that a large-scale acquisition could impair corporate value or the common interests of shareholders. - FY2018-Q2RestatedAnnual report
「However, some large-scale purchases or purchase proposals may effectively compel shareholders to sell their shares, fail to provide shareholders with sufficient time or information to consider the terms of the purchase or for the Company's board of directors to propose alternatives, or be clearly intended for abusive purposes, and may therefore impair corporate value and, by extension, the common interests of shareholders.」
The previous recognition continues regarding the possibility that a large-scale acquisition could impair corporate value or the common interests of shareholders. - FY2018-Q1RestatedAnnual report
「However, some large-scale purchases or purchase proposals may effectively compel shareholders to sell their shares, fail to provide shareholders with sufficient time or information to consider the terms of the purchase or for the Company's board of directors to propose alternatives, or be clearly intended for abusive purposes, and may therefore impair corporate value and, by extension, the common interests of shareholders.」
The previous recognition continues regarding the possibility that a large-scale acquisition could impair corporate value and the common interests of shareholders. - FY2017RestatedAnnual report
「However, some large-scale purchases or purchase proposals may effectively compel shareholders to sell their shares, fail to provide shareholders with sufficient time or information to consider the terms of the purchase or for the Company's board of directors to propose alternatives, or be clearly intended for abusive purposes, and may therefore impair corporate value and, by extension, the common interests of shareholders.」
The previous recognition continues regarding the possibility that a large-scale acquisition could impair corporate value and the common interests of shareholders. - FY2017-Q3RestatedAnnual report
「However, some large-scale purchases or purchase proposals may effectively compel shareholders to sell their shares, fail to provide shareholders with sufficient time or information to consider the terms of the purchase or for the Company's board of directors to propose alternatives, or be clearly intended for abusive purposes, and may therefore impair corporate value and, by extension, the common interests of shareholders.」
The same basic recognition as before continues to be stated regarding the possibility that a large-scale acquisition could impair corporate value or the common interests of shareholders. - FY2017-Q2RestatedAnnual report
「However, some large-scale purchases or purchase proposals may effectively compel shareholders to sell their shares, fail to provide shareholders with sufficient time or information to consider the terms of the purchase or for the Company's board of directors to propose alternatives, or be clearly intended for abusive purposes, and may therefore impair corporate value and, by extension, the common interests of shareholders.」
The same basic recognition as before continues to be stated regarding the possibility that a large-scale acquisition could impair corporate value and the common interests of shareholders. - FY2017-Q1RestatedAnnual report
「However, some large-scale purchases or purchase proposals may effectively compel shareholders to sell their shares, fail to provide shareholders with sufficient time or information to consider the terms of the purchase or for the Company's board of directors to propose alternatives, or be clearly intended for abusive purposes, and may therefore impair corporate value and, by extension, the common interests of shareholders.」
The same basic recognition as in the previous fiscal year is described in detail regarding the possibility that a large-scale acquisition could impair corporate value or the common interests of shareholders. - FY2016First statedAnnual report
「However, some large-scale purchases or purchase proposals may effectively compel shareholders to sell their shares, fail to provide shareholders with sufficient time or information to consider the terms of the purchase or for the Company's board of directors to propose alternatives, or be clearly intended for abusive purposes, and may therefore impair corporate value and, by extension, the common interests of shareholders.」
Large-scale purchases targeting a voting interest of 20% or more are identified as a risk where they could impair corporate value or the common interests of shareholders.