Introducing and Transparently Operating Large-Scale Purchase Rules
First written in FY2016-Q2. 11 of 17 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 8 of 56 companies on the "Worse" side.
27 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「We will respond in accordance with the “takeover defense measures” approved at the annual general meeting of shareholders held in February 2026.」
After a period during which no takeover defense measures had been adopted, the shareholders' meeting held in February 2026 approved takeover defense measures, establishing a framework for continuing the current rules. - FY2022Reintroduction of takeover defense measuresAnnual report
「At the 72nd Annual General Meeting of Shareholders, the Company obtained shareholders’ approval and resolved to introduce large-scale purchase rules for its shares, namely takeover defense measures.」
The report states that the Company resolved at the 72nd ordinary general meeting of shareholders to reintroduce the large-scale purchase rule, which had ended in February 2020 and had not been followed by the introduction of any special takeover defense measures. - FY2021RestatedAnnual report
「The Company has not introduced any special takeover defenses at present, but will continue to consider the matter flexibly while closely monitoring changes in social conditions and other factors.」
Following the termination of the large-scale purchase rules, the Company continues to follow a policy of considering its options while monitoring social conditions, without introducing special takeover defense measures. - FY2020ReframedAnnual report
「The Company has not introduced any special takeover defenses at present, but will continue to consider the matter flexibly while closely monitoring changes in social conditions and other factors.」
Regarding the situation following the expiration of the large-scale purchase rules, the Company has stated that it currently has no plans to introduce special takeover defenses and will consider the matter flexibly while monitoring social conditions. - FY2019DroppedAnnual report
「The term of validity of these rules had been until the close of the 69th Annual General Meeting of Shareholders held on 27 February 2020. However, because the Board of Directors resolved at its meeting held on 28 January 2020 not to renew the rules, they ended upon the close of the 69th Annual General Meeting of Shareholders held on 27 February 2020.」
The company resolved not to renew the large-scale purchase rules, which will terminate upon the conclusion of the annual general meeting of shareholders held on 27 February 2020. - FY2019-Q2RestatedAnnual report
「The Board of Directors has decided to continue the Large-Scale Purchase Rules (the “Rules”), which clearly and specifically set out the procedures and other matters that a large-scale purchaser must follow before conducting a large-scale purchase. The purpose is to prevent an inappropriate third party from controlling decisions on the company’s financial and business policies in light of the basic policy described in 1 above, deter large-scale purchases that would run counter to the company’s corporate value and the common interests of shareholders, and, when a large-scale purchase is proposed, enable the Board of Directors to propose an alternative to shareholders, secure the information and time necessary for shareholders to decide whether to accept the purchase, and negotiate on behalf of shareholders.」
The company continues to maintain a large-scale purchase rule, measures to secure the information and time needed for shareholders to make decisions, the presentation and negotiation of alternatives, and a monitoring framework involving a special committee. The rule remains effective until the conclusion of the annual shareholders' meeting in February 2020. - FY2019-Q1RestatedAnnual report
「The company resolved to continue the large-scale purchase rules (hereinafter, the "Rules"), which clearly and specifically set out the procedures and other matters to be followed by a large-scale purchaser before carrying out a large-scale purchase.」
The company continues to maintain its large-scale purchase rules, ensure the information and time necessary for shareholders to make a decision, and have the special committee monitor the process. The rules are effective until the conclusion of the ordinary general meeting of shareholders in February 2020. - FY2018RestatedAnnual report
「The company resolved to continue the large-scale purchase rules (hereinafter, the "Rules"), which clearly and specifically set out the procedures and other matters to be followed by a large-scale purchaser before carrying out a large-scale purchase.」
The large-scale purchase rules, measures to ensure the information and time necessary for shareholders to make a decision, oversight by the special committee, and the effective period through the annual general meeting of shareholders in February 2020 remain in place. - FY2018-Q3RestatedAnnual report
「The company resolved to continue the large-scale purchase rules (hereinafter, the "Rules"), which clearly and specifically set out the procedures and other matters to be followed by a large-scale purchaser before carrying out a large-scale purchase.」
The Company continues to maintain the large-scale purchase rules, ensure the information and time needed for shareholders to make decisions, present and negotiate alternative proposals, and receive oversight from an independent special committee. The rules will remain in effect until the conclusion of the ordinary general meeting of shareholders in February 2020. - FY2018-Q2RestatedAnnual report
「In order to prevent control over decisions on the Company’s financial and business policies from being exercised by an inappropriate party, in line with the basic policy described in 1 above, the Board of Directors decided to continue the Large-Scale Purchase Rules (hereinafter, the “Rules”). The Rules clearly and specifically set out the procedures to be followed by a large-scale purchaser before undertaking a large-scale purchase, with the aim of preventing large-scale purchases that would run counter to the Company’s corporate value and the common interests of shareholders, while enabling the Board of Directors to propose alternatives to shareholders, secure the information and time necessary for shareholders to determine whether to accept such a purchase, and conduct negotiations on behalf of shareholders when a large-scale purchase is undertaken.」
The company continues to maintain large-scale purchase rules, measures to secure the information and time necessary for shareholders to make a decision, and mechanisms for presenting alternatives and conducting negotiations. The rules remain effective until the conclusion of the ordinary general meeting of shareholders in February 2020. - FY2018-Q1RestatedAnnual report
「The company resolved to continue the large-scale purchase rules (hereinafter, the "Rules"), which clearly and specifically set out the procedures and other matters to be followed by a large-scale purchaser before carrying out a large-scale purchase.」
The company continues to disclose the large-scale purchase rules, the securing of information and time necessary for shareholders to make a decision, oversight by an independent special committee, and the effective period through the ordinary general meeting of shareholders in February 2020. - FY2017RestatedAnnual report
「The company resolved to continue the large-scale purchase rules (hereinafter, the "Rules"), which clearly and specifically set out the procedures and other matters to be followed by a large-scale purchaser before carrying out a large-scale purchase.」
The Company decided to continue the large-scale purchase rules and continues to describe the framework under which they remain effective until the conclusion of the ordinary general meeting of shareholders in February 2020. - FY2017-Q3RestatedAnnual report
「The company resolved to continue the large-scale purchase rules (hereinafter, the "Rules"), which clearly and specifically set out the procedures and other matters to be followed by a large-scale purchaser before carrying out a large-scale purchase.」
The company continues to disclose the continuation of the large-scale purchase rule, measures to secure the information and time needed for shareholders to make decisions, and a monitoring framework involving an independent special committee. The rule remains effective until the conclusion of the annual shareholders' meeting in February 2020. - FY2017-Q1RestatedAnnual report
「The company resolved to continue the large-scale purchase rules (hereinafter, the "Rules"), which clearly and specifically set out the procedures and other matters to be followed by a large-scale purchaser before carrying out a large-scale purchase.」
The Company continues to describe the large-scale purchase rules, measures to secure the information and time necessary for shareholders to make decisions, and the monitoring framework operated by the Special Committee. The rules remain effective until the conclusion of the ordinary general meeting of shareholders in February 2020. - FY2016AdvancedAnnual report
「The company resolved to continue the large-scale purchase rules (hereinafter, the "Rules"), which clearly and specifically set out the procedures and other matters to be followed by a large-scale purchaser before carrying out a large-scale purchase.」
The company decided to continue the large-scale purchase rule, with its effective period extending until the conclusion of the annual shareholders' meeting scheduled for February 2020. - FY2016-Q3RestatedAnnual report
「The Board of Directors has introduced a large-scale purchase rule (the "Rule") that clearly and specifically sets out the procedures to be followed by a large-scale purchaser before conducting a large-scale purchase. The purpose is to prevent an inappropriate person from controlling decisions on the company's financial and business policies in light of the basic policy described in 1 above, deter large-scale purchases that could undermine the company's corporate value and, by extension, the common interests of shareholders, and enable the Board of Directors, when a large-scale purchase is undertaken, to propose alternatives to shareholders, secure the information and time necessary for shareholders to decide whether to accept the large-scale purchase, and negotiate on behalf of shareholders.」
The Company continues to describe the Large-Scale Purchase Rules, the securing of information and time necessary for shareholders to make a decision, and the framework for presenting alternatives and conducting negotiations. - FY2016-Q2First statedAnnual report
「The Company decided to introduce a large-scale purchase rule (the "Rule") clearly and specifically setting out the procedures and other matters that a large-scale purchaser must follow before conducting a large-scale purchase.」
The company introduced the rules to secure the information and time needed for shareholders to make a decision and to enable the board of directors to negotiate and present alternatives. The rules remain effective until the conclusion of the ordinary general meeting of shareholders scheduled for February 2017.