Addressing the Risk of Impairment to Corporate Value and Shareholder Interests from Large-Scale Acquisitions
First written in FY2016. 22 of 24 entries say "Restated". Latest entry: 2026-06-02.
The whole theme swung hardest in 2025: 8 of 57 companies on the "Worse" side.
80 other companies' latest entry also says "Restated".
- 2026-06-02RestatedGeneral Meetings of Shareholders
「We are advancing initiatives to enhance corporate value. With respect to parties conducting or seeking to conduct a large-scale purchase of our shares, we will request the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclose the opinions of our Board of Directors and secure sufficient time for shareholders to consider the matter, taking appropriate measures within the scope permitted by laws and regulations and our Articles of Incorporation.」
The company continues to make information disclosure in the event of a large-scale purchase, disclose the Board of Directors' views and secure time for shareholders to consider the matter its basic policy. The explanation that the takeover defense measures ended in 2017 also remains unchanged. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes to the basic policy established by the Group regarding the nature of those who control decisions on financial and business policies.」
There have been no material changes to the basic policy regarding the nature of those who control decisions on financial and business policies. - FY2024RestatedAnnual report
「While advancing initiatives to increase corporate value, the company will take appropriate measures, within the scope permitted by laws and its Articles of Incorporation, against any party conducting or seeking to conduct a large-scale purchase of the company's shares. These measures include requesting the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclosing the opinions of the Board of Directors and other relevant information, and working to secure time for shareholders' consideration.」
The Company continues to explain that its takeover defence measures themselves ended in 2017, while maintaining as its basic policy the provision of information in the event of a large-scale purchase, disclosure of the Board of Directors' opinion, and ensuring sufficient time for shareholders to consider the matter. - FY2024-Q3RestatedAnnual report
「There were no material changes during the cumulative consolidated third quarter regarding the basic policy concerning the appropriate form of control over decisions on the group's financial and business policies.」
There have been no material changes to the basic policy regarding the nature of those who control decisions on financial and business policies. - FY2024-Q2RestatedAnnual report
「During the six months ended 30 September, there were no material changes to the basic policy established by the Group regarding the nature of those who control decisions on financial and business policies.」
There have been no material changes to the basic policy regarding the nature of those who control decisions on financial and business policies. - FY2024-Q1RestatedAnnual report
「During the first quarter of the consolidated fiscal year, there were no material changes to the basic policy established by the Group regarding the nature of those who control decisions on financial and business policies.」
There have been no material changes to the basic policy regarding the nature of those who control decisions on financial and business policies. - FY2023-Q3RestatedAnnual report
「There were no material changes during the cumulative consolidated third quarter regarding the basic policy concerning the appropriate form of control over decisions on the group's financial and business policies.」
There have been no material changes to the basic policy regarding the nature of those who control decisions on financial and business policies. - FY2022RestatedAnnual report
「While advancing initiatives to increase corporate value, the company will take appropriate measures, within the scope permitted by laws and its Articles of Incorporation, against any party conducting or seeking to conduct a large-scale purchase of the company's shares. These measures include requesting the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclosing the opinions of the Board of Directors and other relevant information, and working to secure time for shareholders' consideration.」
The company maintains its explanation that the takeover defense plan itself ended in 2017 and continues its policy of providing information in the event of a large-scale purchase, disclosing the opinions of the Board of Directors and securing time for shareholders' consideration. - FY2021RestatedAnnual report
「While advancing initiatives to increase corporate value, the company will take appropriate measures, within the scope permitted by laws and its Articles of Incorporation, against any party conducting or seeking to conduct a large-scale purchase of the company's shares. These measures include requesting the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclosing the opinions of the Board of Directors and other relevant information, and working to secure time for shareholders' consideration.」
The company maintains its explanation that the takeover defense measures themselves ended in 2017 and continues its policy of providing information in the event of a large-scale purchase, disclosing the opinions of the Board of Directors and securing time for consideration. - FY2020-Q3RestatedAnnual report
「We are advancing initiatives to enhance corporate value. With respect to parties conducting or seeking to conduct a large-scale purchase of our shares, we will request the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclose the opinions of our Board of Directors and secure sufficient time for shareholders to consider the matter, taking appropriate measures within the scope permitted by laws and regulations and our Articles of Incorporation.」
The company maintains its explanation that the takeover defense plan itself ended in 2017 and continues its basic policy of providing information in the event of a large-scale purchase, disclosing the opinions of the Board of Directors and securing time for shareholders' consideration. - FY2020-Q2RestatedAnnual report
「While advancing initiatives to increase corporate value, the company will take appropriate measures, within the scope permitted by laws and its Articles of Incorporation, against any party conducting or seeking to conduct a large-scale purchase of the company's shares. These measures include requesting the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclosing the opinions of the Board of Directors and other relevant information, and working to secure time for shareholders' consideration.」
The company maintains its explanation that the takeover defense plan itself ended in 2017 and continues its basic policy of providing information in the event of a large-scale purchase, disclosing the opinions of the Board of Directors and securing time for shareholders' consideration. - FY2020-Q1RestatedAnnual report
「While advancing initiatives to increase corporate value, the company will take appropriate measures, within the scope permitted by laws and its Articles of Incorporation, against any party conducting or seeking to conduct a large-scale purchase of the company's shares. These measures include requesting the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclosing the opinions of the Board of Directors and other relevant information, and working to secure time for shareholders' consideration.」
Although the takeover defense plan itself ended in 2017, the company continues its basic policy of providing information in the event of a large-scale purchase, disclosing the opinions of the Board of Directors and securing time for shareholders' consideration. - FY2019-Q3RestatedAnnual report
「We are advancing initiatives to enhance corporate value. With respect to parties conducting or seeking to conduct a large-scale purchase of our shares, we will request the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclose the opinions of our Board of Directors and secure sufficient time for shareholders to consider the matter, taking appropriate measures within the scope permitted by laws and regulations and our Articles of Incorporation.」
Although the takeover defense plan itself has ended, the company continues its basic policy of providing information in the event of a large-scale purchase, disclosing the opinions of the Board of Directors and securing time for shareholders' consideration. - FY2019-Q2RestatedAnnual report
「While advancing initiatives to increase corporate value, the company will take appropriate measures, within the scope permitted by laws and its Articles of Incorporation, against any party conducting or seeking to conduct a large-scale purchase of the company's shares. These measures include requesting the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclosing the opinions of the Board of Directors and other relevant information, and working to secure time for shareholders' consideration.」
Although the takeover defense plan itself has ended, the company continues its basic policy of providing information in the event of a large-scale purchase, disclosing the opinions of the Board of Directors and securing time for shareholders' consideration. - FY2019-Q1RestatedAnnual report
「While advancing initiatives to increase corporate value, the company will take appropriate measures, within the scope permitted by laws and its Articles of Incorporation, against any party conducting or seeking to conduct a large-scale purchase of the company's shares. These measures include requesting the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclosing the opinions of the Board of Directors and other relevant information, and working to secure time for shareholders' consideration.」
Although the takeover defense plan itself has ended, the company continues its basic policy of providing information in the event of a large-scale purchase, disclosing the opinions of the Board of Directors and securing time for shareholders' consideration. - FY2018RestatedAnnual report
「While advancing initiatives to increase corporate value, the company will take appropriate measures, within the scope permitted by laws and its Articles of Incorporation, against any party conducting or seeking to conduct a large-scale purchase of the company's shares. These measures include requesting the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclosing the opinions of the Board of Directors and other relevant information, and working to secure time for shareholders' consideration.」
Although the takeover defense plan itself ended in the previous fiscal year, the company continues its basic policy of providing information in the event of a large-scale purchase, disclosing the opinions of the Board of Directors and securing time for shareholders' consideration. - FY2018-Q3RestatedAnnual report
「While advancing initiatives to increase corporate value, the company will take appropriate measures, within the scope permitted by laws and its Articles of Incorporation, against any party conducting or seeking to conduct a large-scale purchase of the company's shares. These measures include requesting the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclosing the opinions of the Board of Directors and other relevant information, and working to secure time for shareholders' consideration.」
The company continues its basic policy of providing information in the event of a large-scale purchase, disclosing the opinions of the Board of Directors and securing time for shareholders' consideration, rather than maintaining the takeover defense plan itself. - FY2018-Q2RestatedAnnual report
「While advancing initiatives to increase corporate value, the company will take appropriate measures, within the scope permitted by laws and its Articles of Incorporation, against any party conducting or seeking to conduct a large-scale purchase of the company's shares. These measures include requesting the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclosing the opinions of the Board of Directors and other relevant information, and working to secure time for shareholders' consideration.」
The company continues its basic policy of providing information in the event of a large-scale purchase, disclosing the opinions of the Board of Directors and securing time for shareholders' consideration, rather than maintaining the takeover defense plan itself. - FY2018-Q1RestatedAnnual report
「We are advancing initiatives to enhance corporate value. With respect to parties conducting or seeking to conduct a large-scale purchase of our shares, we will request the necessary and sufficient information for shareholders to make an appropriate decision on the merits of the purchase, disclose the opinions of our Board of Directors and secure sufficient time for shareholders to consider the matter, taking appropriate measures within the scope permitted by laws and regulations and our Articles of Incorporation.」
The company is not describing the revival of the takeover defense plan that ended in the previous fiscal year. It continues its basic policy of providing information in the event of a large-scale purchase, disclosing the opinions of the Board of Directors and securing time for consideration. - FY2017DroppedAnnual report
「However, because the Board of Directors resolved at its meeting held on 25 April 2017 not to continue the plan, the plan ended upon expiration at the conclusion of the Annual General Meeting of Shareholders held on 29 June 2017.」
The company resolved not to continue its takeover defense measures concerning large-scale purchases and states that they ended at the conclusion of the Annual General Meeting of Shareholders. Separately, it describes basic policies such as providing information to shareholders and securing time for consideration. - FY2017-Q3RestatedAnnual report
「The plan covers purchases that would result in a specified shareholder group holding 20% or more of voting rights.」
The company continues to describe Large-Scale Purchase Rules and takeover defense measures covering the acquisition of 20% or more of voting rights. The document does not indicate that any risk has materialized. - FY2017-Q2RestatedAnnual report
「The plan covers purchases that would result in a specified shareholder group holding 20% or more of voting rights.」
The company continues to describe Large-Scale Purchase Rules and takeover defense measures covering the acquisition of 20% or more of voting rights. The document does not indicate that any risk has materialized. - FY2017-Q1RestatedAnnual report
「Accordingly, the company established certain rules concerning the provision of information and securing time for consideration in the event of a large-scale purchase (the "Large-Scale Purchase Rules") and updated the former plan as the current plan, as a takeover defense measure including countermeasures if a large-scale purchase is made by an inappropriate party under the company's basic policy regarding control of the company.」
The company continues to describe the Large-Scale Purchase Rules and takeover defense measures. The mechanism covering specified shareholder groups holding 20% or more of voting rights is also reiterated. - FY2016First statedAnnual report
「The company believes that it would be inappropriate for a party conducting a large-scale purchase or making a purchase proposal that could damage the company's corporate value and, consequently, the common interests of shareholders to control decisions concerning the company's finances and business policies. It believes that the common interests of shareholders and the company's corporate value must be protected by taking necessary and appropriate countermeasures against such a party.」
The company describes a takeover defense plan covering purchases that would result in a specified shareholder group holding 20% or more of voting rights. The document does not indicate that any risk has materialized.