Risk of damage to corporate value and shareholder interests from large-scale share acquisitions
First written in FY2017-Q1. 12 of 15 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2025: 3 of 26 companies on the "Worse" side.
3 other companies' latest entry also says "Reframed".
- FY2020ReframedAnnual report
「At the 72nd Annual General Meeting of Shareholders held on 25 June 2020, the Company resolved to delete Article 41, Chapter 7 of its Articles of Incorporation, concerning takeover defense measures (introduction of takeover defense measures). If a large-scale purchase of the Company's shares takes place, the Company will endeavor to gather sufficient information and make timely and appropriate disclosures to protect its corporate value and the common interests of its shareholders.」
While deleting the provisions of the Articles of Incorporation concerning takeover defense measures, the Company has reorganized the description around a policy of gathering information and making timely and appropriate disclosures when a large-scale purchase takes place. - FY2020-Q3RestatedAnnual report
「The Company discontinued its response measures concerning large-scale acquisitions of its shares (takeover defense measures) upon the conclusion of the 71st Annual General Meeting of Shareholders held on 27 June 2019. If a large-scale acquisition of the Company's shares takes place, however, we will endeavor to gather the necessary and sufficient information to enable shareholders to make an appropriate decision on whether the acquisition is acceptable, disclose the opinions of the Board of Directors and other relevant information, and secure the time and information necessary for shareholders' consideration.」
Even after discontinuing the takeover defense measures, the Company restates its policy of gathering information, disclosing the opinions of the Board of Directors and securing the time and information necessary for shareholders' consideration. - FY2020-Q2RestatedAnnual report
「The Company discontinued its response measures concerning large-scale acquisitions of its shares (takeover defense measures) upon the conclusion of the 71st Annual General Meeting of Shareholders held on 27 June 2019. If a large-scale acquisition of the Company's shares takes place, however, we will endeavor to gather the necessary and sufficient information to enable shareholders to make an appropriate decision on whether the acquisition is acceptable, disclose the opinions of the Board of Directors and other relevant information, and secure the time and information necessary for shareholders' consideration.」
Even after discontinuing the takeover defense measures, the Company restates its policy of gathering information, disclosing opinions and securing time for consideration in response to a large-scale acquisition. - FY2020-Q1RestatedAnnual report
「The Company discontinued its response measures concerning large-scale acquisitions of its shares (takeover defense measures) upon the conclusion of the 71st Annual General Meeting of Shareholders held on 27 June 2019. If a large-scale acquisition of the Company's shares takes place, however, we will endeavor to gather the necessary and sufficient information to enable shareholders to make an appropriate decision on whether the acquisition is acceptable, disclose the opinions of the Board of Directors and other relevant information, and secure the time and information necessary for shareholders' consideration.」
Even after discontinuing the takeover defense measures, the Company restates its policy of gathering information, disclosing opinions and securing time for consideration in response to concerns about the impact of a large-scale acquisition on corporate value and shareholder interests. - FY2019ReframedAnnual report
「If a large-scale acquisition of the Company's shares takes place, we will endeavor to collect the necessary and sufficient information for shareholders to make an appropriate decision on whether the acquisition is acceptable, disclose the views of the Board of Directors and secure the time and information necessary for shareholders' consideration.」
Although concerns about damage to corporate value and shareholder interests from large-scale acquisitions remain, the response has shifted to a policy of collecting information, disclosing the Board's views and securing time for consideration. - FY2019-Q3RestatedAnnual report
「In recent years, the stock market has seen acquisition methods such as forcing through the purchase of a large number of shares without sufficiently explaining the proposal to, or consulting with, the shareholders or management of the target company. Some of these methods could be viewed as infringing on shareholder interests, potentially resulting in the loss of corporate value or forcing shareholders to sell their shares.」
The risk that corporate value and shareholder interests could be impaired by a large-scale purchase without sufficient explanation or consultation is restated. - FY2019-Q2RestatedAnnual report
「In recent years, the stock market has seen acquisition methods such as forcing through the purchase of a large number of shares without sufficiently explaining the proposal to, or consulting with, the shareholders or management of the target company. Some of these methods could be viewed as infringing on shareholder interests, potentially resulting in the loss of corporate value or forcing shareholders to sell their shares.」
The risk that corporate value and shareholder interests could be impaired by a large-scale purchase without sufficient explanation or consultation is restated. - FY2019-Q1RestatedAnnual report
「In recent years, the stock market has seen acquisition methods such as forcing through the purchase of a large number of shares without sufficiently explaining the proposal to, or consulting with, the shareholders or management of the target company. Some of these methods could be viewed as infringing on shareholder interests, potentially resulting in the loss of corporate value or forcing shareholders to sell their shares.」
The risk that corporate value and shareholder interests could be impaired by a large-scale purchase without sufficient explanation or consultation is restated. - FY2018-Q3RestatedAnnual report
「In recent years, the stock market has seen acquisition methods such as forcing through the purchase of a large number of shares without sufficiently explaining the proposal to, or consulting with, the shareholders or management of the target company. Some of these methods could be viewed as infringing on shareholder interests, potentially resulting in the loss of corporate value or forcing shareholders to sell their shares.」
The risk that corporate value and shareholder interests could be impaired by a large-scale purchase without sufficient explanation or consultation is restated. - FY2018-Q2RestatedAnnual report
「In recent years, the stock market has seen acquisition methods such as forcing through the purchase of a large number of shares without sufficiently explaining the proposal to, or consulting with, the shareholders or management of the target company. Some of these methods could be viewed as infringing on shareholder interests, potentially resulting in the loss of corporate value or forcing shareholders to sell their shares.」
The risk that corporate value and shareholder interests could be impaired by a large-scale purchase without sufficient explanation or consultation is restated. - FY2018-Q1RestatedAnnual report
「In recent years, the stock market has seen acquisition methods such as forcing through the purchase of a large number of shares without sufficiently explaining the proposal to, or consulting with, the shareholders or management of the target company. Some of these methods could be viewed as infringing on shareholder interests, potentially resulting in the loss of corporate value or forcing shareholders to sell their shares.」
The risk that corporate value and shareholder interests could be impaired by a large-scale purchase without sufficient explanation or consultation is restated. - FY2017RestatedAnnual report
「In recent years, the stock market has seen acquisition methods such as forcing through the purchase of a large number of shares without sufficiently explaining the proposal to, or consulting with, the shareholders or management of the target company. Some of these methods could be viewed as infringing on shareholder interests, potentially resulting in the loss of corporate value or forcing shareholders to sell their shares.」
The risk that corporate value and shareholder interests could be impaired by a large-scale purchase without sufficient explanation or consultation continues to be described. - FY2017-Q3RestatedAnnual report
「In recent years, the stock market has seen acquisition methods such as forcing through the purchase of a large number of shares without sufficiently explaining the proposal to, or consulting with, the shareholders or management of the target company. Some of these methods could be viewed as infringing on shareholder interests, potentially resulting in the loss of corporate value or forcing shareholders to sell their shares.」
The risk that corporate value and shareholder interests could be impaired by a large-scale purchase without sufficient explanation or consultation is restated with the same content. - FY2017-Q2RestatedAnnual report
「In recent years, the stock market has seen acquisition methods such as forcing through the purchase of a large number of shares without sufficiently explaining the proposal to, or consulting with, the shareholders or management of the target company. Some of these methods could be viewed as infringing on shareholder interests, potentially resulting in the loss of corporate value or forcing shareholders to sell their shares.」
The risk that corporate value and shareholder interests could be impaired by a large-scale purchase without sufficient explanation or consultation is restated with the same content. - FY2017-Q1First statedAnnual report
「In recent years, the stock market has seen acquisition methods such as forcing through the purchase of a large number of shares without sufficiently explaining the proposal to, or consulting with, the shareholders or management of the target company. Some of these methods could be viewed as infringing on shareholder interests, potentially resulting in the loss of corporate value or forcing shareholders to sell their shares.」
Explains the risk that large-scale purchases carried out without sufficient explanation or consultation could impair corporate value and shareholder interests.