Information Provision Rules for Large-Scale Purchases
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2017.
The whole theme swung hardest in 2023: 1 of 6 companies on the "Worse" side.
35 other companies' latest entry also says "Dropped".
- FY2017DroppedAnnual report
「In light of changes in the environment surrounding the Company, including the penetration of the Corporate Governance Code, and the views of shareholders, including institutional investors, the Company abolished this policy at the end of March 2017.」
Explicitly states that the information provision rules for large-scale purchases were abolished at the end of March 2017. - FY2017-Q3RestatedAnnual report
「The Company resolved to adopt this policy at a Board of Directors meeting held on 22 April 2008, and at a Board meeting held on 25 April 2016 resolved to retain it as Company policy after partially revising it as follows.」
Reconfirms that the information provision rules for large-scale purchases would remain Company policy after partial revision. - FY2017-Q2RestatedAnnual report
「The Company resolved to adopt this policy at a Board of Directors meeting held on 22 April 2008, and at a Board meeting held on 25 April 2016 resolved to retain it as Company policy after partially revising it as follows.」
Reconfirms that the information provision rules for large-scale purchases would remain Company policy after partial revision. - FY2017-Q1RestatedAnnual report
「The Company resolved to adopt this policy at a Board of Directors meeting held on 22 April 2008, and at a Board meeting held on 25 April 2016 resolved to retain it as Company policy after partially revising it as follows.」
States that the information provision rules for large-scale purchases would remain Company policy after partial revision. - FY2016First statedAnnual report
「Before anyone seeking to make a large-scale purchase of the Company's shares or other equity securities proceeds, the Company requires that person to provide the Company's Board of Directors with information considered necessary for shareholders to make a decision, including the purpose of the purchase. The Company's Board of Directors will disclose to shareholders both the information provided by the prospective purchaser and the Board's assessment of that information.」
These information provision rules apply to purchases of 20% or more and require a statement of intent, the provision of information and, in principle, an evaluation period of 60 business days.