Basic Policy for Ensuring Shareholders’ Decision-Making and Taking Countermeasures in Response to Large-Scale Purchase Actions
First written in FY2017-Q1. 20 of 23 entries say "Restated". Latest entry: FY2026.
83 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「With respect to persons seeking to conduct large-scale purchases of the company's shares or similar actions, the company will request the provision of the information necessary and sufficient for shareholders to make an appropriate decision on the merits, disclose the board of directors' views and other relevant information while respecting the opinions of independent outside directors, and endeavor to secure the information and time necessary for shareholders' consideration.」
Even after the transition to a company with an audit and supervisory committee, the company is continuing its basic policy of relying on shareholder judgment regarding large-scale purchase actions, providing information, and respecting the opinions of independent outside directors. - FY2024RestatedAnnual report
「With respect to persons seeking to conduct large-scale purchases of the company's shares or similar actions, the company will request the provision of the information necessary and sufficient for shareholders to make an appropriate decision on the merits, disclose the board of directors' views and other relevant information while respecting the opinions of independent outside directors, and endeavor to secure the information and time necessary for shareholders' consideration.」
The company is continuing its basic policy of relying on shareholder judgment regarding large-scale purchase actions, providing sufficient information, and respecting the opinions of independent outside directors. - FY2024-Q3RestatedAnnual report
「The company has established a basic policy concerning the appropriate form of control over decisions on financial and business policies, and there have been no material changes to its content.」
The company has reaffirmed that there have been no material changes to its basic policy, including its response to large-scale purchase actions. - FY2024-Q2RestatedAnnual report
「The company has also established a basic policy concerning the appropriate form of control over decisions on financial and business policies, and there have been no material changes to its content.」
The company has reaffirmed that there have been no material changes to its basic policy, including its response to large-scale purchase actions. - FY2023-Q3RestatedAnnual report
「The company has established a basic policy concerning the appropriate form of control over decisions on financial and business policies, and there have been no material changes to its content.」
The company has reaffirmed that there have been no material changes to its basic policy on financial and business policies, including its response to large-scale purchase actions. - FY2023-Q2RestatedAnnual report
「The company has also established a basic policy concerning the appropriate form of control over decisions on financial and business policies, and there have been no material changes to its content.」
The company has reaffirmed that there have been no material changes to its basic policy on financial and business policies, including its response to large-scale purchase actions. - FY2022RestatedAnnual report
「With respect to persons seeking to conduct large-scale purchases of the company's shares or similar actions, the company will request the provision of the information necessary and sufficient for shareholders to make an appropriate decision on the merits, disclose the board of directors' views and other relevant information while respecting the opinions of independent outside directors, and endeavor to secure the information and time necessary for shareholders' consideration.」
The company is continuing its framework for the basic policy on large-scale purchase actions, comprising shareholder judgment, information provision and respect for the opinions of outside directors. - FY2022-Q2RestatedAnnual report
「The company has established a basic policy concerning the appropriate form of control over decisions on financial and business policies, and there have been no material changes to its content.」
The company states that there have been no material changes to its basic policy on financial and business policies, including its response to large-scale purchase actions. - FY2021-Q3RestatedAnnual report
「The company has established a basic policy concerning the appropriate form of control over decisions on financial and business policies, and there have been no material changes to its content.」
The company states that there have been no material changes to its basic policy, including its response to large-scale purchase actions. - FY2020-Q3RestatedAnnual report
「At the annual general meeting of shareholders held on 21 June 2019, shareholders approved the continuation of this policy with partial amendments. In light of further requests from the capital markets and other considerations, the policy has been amended mainly as follows to place greater emphasis on shareholders' intentions and further enhance objectivity. ・The cases in which defensive measures may be implemented without a procedure to confirm shareholders' intentions have been limited to cases in which the large-scale purchaser fails to comply with the rules stipulated in this policy or falls under one of the so-called four high court categories. ・Defensive measures have been limited to the gratis allotment of share options.」
The company has reaffirmed the content of the policy following the partial amendments approved at the June 2019 general meeting of shareholders. - FY2020-Q2RestatedAnnual report
「At the annual general meeting of shareholders held on 21 June 2019, shareholders approved the continuation of this policy with partial amendments. In light of further requests from the capital markets and other considerations, the policy has been amended mainly as follows to place greater emphasis on shareholders' intentions and further enhance objectivity.」
The company is continuing the policy, with partial amendments, after obtaining approval at the June 2019 general meeting of shareholders. - FY2020-Q1RestatedAnnual report
「At the annual general meeting of shareholders held on 21 June 2019, shareholders approved the continuation of this policy with partial amendments.」
The company has reaffirmed that its policy for responding to large-scale purchases is being continued with partial amendments, with emphasis on confirming shareholders' intentions and obtaining shareholder approval at a general meeting. - FY2019ReframedAnnual report
「The cases in which defensive measures may be implemented without a procedure to confirm shareholder intent were limited to cases in which the large-scale acquirer fails to comply with the rules set out in this policy or falls under one of the so-called four high court categories. Defensive measures were limited to the gratis allotment of stock acquisition rights.」
Based on approval at the June 2019 annual general meeting of shareholders, the policy for responding to large-scale acquisitions was continued, while the scope of defensive measures that may be taken without confirming shareholder intent was limited and defensive measures were restricted to the gratis allotment of stock acquisition rights. - FY2019-Q3RestatedAnnual report
「Under this policy, a large-scale acquirer seeking to acquire 20% or more of the Company's voting rights will be required in advance to present its management policy, business plan and other matters following completion of the large-scale acquisition.」
The policy requiring advance information for large-scale acquisitions involving 20% or more of voting rights continues. - FY2019-Q2RestatedAnnual report
「Under this policy, a large-scale acquirer seeking to acquire 20% or more of the Company's voting rights will be required in advance to present its management policy, business plan and other matters following completion of the large-scale acquisition.」
The policy requiring advance information for large-scale acquisitions involving 20% or more of voting rights continues. - FY2019-Q1RestatedAnnual report
「Under this policy, a large-scale acquirer seeking to acquire 20% or more of the Company's voting rights will be required in advance to present its management policy, business plan and other matters following completion of the large-scale acquisition.」
The policy continues to require advance information for large-scale acquisitions involving 20% or more of voting rights, evaluation and disclosure of the Board of Directors' opinion, and the presentation of alternative proposals to shareholders. - FY2018RestatedAnnual report
「Under this policy, a large-scale acquirer seeking to acquire 20% or more of the Company's voting rights will be required in advance to present its management policy, business plan and other matters following completion of the large-scale acquisition.」
The policy for responding to large-scale acquisitions involving 20% or more of voting rights continues to be disclosed. - FY2018-Q3RestatedAnnual report
「Under this policy, a large-scale acquirer seeking to acquire 20% or more of the Company's voting rights will be required in advance to present its management policy, business plan and other matters following completion of the large-scale acquisition.」
The policy requiring advance information, evaluation and disclosure of the Board of Directors' opinion, and the presentation of alternative proposals to shareholders for large-scale acquisitions involving 20% or more of voting rights is reiterated. - FY2018-Q2RestatedAnnual report
「At the annual general meeting of shareholders held on 23 June 2017, shareholders approved the continuation of this policy with partial amendments. In response to requests from the capital markets and other considerations, the main changes were made to place greater emphasis on shareholders' intentions and further enhance objectivity.」
The continuation of the policy for responding to large-scale acquisitions with partial amendments is reiterated. - FY2017Partial amendment and continuation of the policy for responding to acquisitionsAnnual report
「At the annual general meeting of shareholders held on 23 June this year, shareholders approved the continuation of this policy with partial amendments. In response to requests from the capital markets and other considerations, the main changes were made to place greater emphasis on shareholders' intentions and further enhance objectivity.」
While continuing the policy for responding to large-scale acquisitions involving 20% or more of voting rights, the Company introduced limitations on the types of transactions covered, a mechanism for confirming shareholder intent, and a cap on the information request period. - FY2017-Q3RestatedAnnual report
「Under this policy, a large-scale acquirer seeking to acquire 20% or more of the Company's voting rights will be required in advance to present its management policy, business plan and other matters following completion of the large-scale acquisition. During a subsequent specified period, the Board of Directors will evaluate and consider whether the large-scale acquirer has complied with the rules under this policy, whether the proposal could cause irreparable damage to the Company, and whether it could significantly impair corporate value or the common interests of shareholders. The Board may disclose its opinion, negotiate with the large-scale acquirer, or present an alternative proposal to shareholders.」
The policy requiring advance information, evaluation and disclosure of the Board of Directors' opinion, and the presentation of alternative proposals to shareholders for large-scale acquisitions involving 20% or more of voting rights is reiterated. - FY2017-Q2RestatedAnnual report
「Under this policy, a large-scale acquirer seeking to acquire 20% or more of the Company's voting rights will be required in advance to present its management policy, business plan and other matters following completion of the large-scale acquisition. During a subsequent specified period, the Board of Directors will evaluate and consider whether the large-scale acquirer has complied with the rules under this policy, whether the proposal could cause irreparable damage to the Company, and whether it could significantly impair corporate value or the common interests of shareholders. The Board may disclose its opinion, negotiate with the large-scale acquirer, or present an alternative proposal to shareholders.」
The policy requiring advance information, evaluation and disclosure of the Board of Directors' opinion, and the presentation of alternative proposals to shareholders for large-scale acquisitions involving 20% or more of voting rights is reiterated. - FY2017-Q1First statedAnnual report
「Specifically, a large-scale acquirer seeking to acquire 20% or more of the Company's voting rights will be required in advance to present its management policy, business plan and other matters following completion of the large-scale acquisition. During a subsequent specified period, the Board of Directors will evaluate and consider whether the large-scale acquirer has complied with the rules under this policy, whether the proposal could cause irreparable damage to the Company, and whether it could significantly impair corporate value or the common interests of shareholders. The Board may disclose its opinion, negotiate with the large-scale acquirer, or present an alternative proposal to shareholders.」
For large-scale acquisitions involving 20% or more of voting rights, the policy requires advance information disclosure, evaluation and consideration by the Board of Directors, and the presentation of opinions and alternative proposals to shareholders.