Worth reading
16Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.This transaction
当社株式の大規模買付行為に関する対応方針（買収防衛策）TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Impact on Business Performance
No impact on business performance stated
Procedures and assumptions
Special Committee設置あり。委員は3名以上とされ、本対応方針導入時は社外取締役4名および社外監査役2名の合計6名が就任予定。いずれも当社から独立した社外役員で、独立役員として届け出られている。
Conditions Precedent to Execution2023年6月開催予定の第141期定時株主総会において、出席株主の議決権の過半数の賛同を得て承認可決されること
| Item | Details |
|---|---|
| Transaction name | 当社株式の大規模買付行為に関する対応方針（買収防衛策） |
| Impact on Business Performance | No impact on business performance stated |
| Date of board resolution | 2023年5月9日 |
| Execution Date / Effective Date | 2023年6月開催予定の第141期定時株主総会の終結時（予定。株主総会での承認可決が条件） |
| Special Committee | 設置あり。委員は3名以上とされ、本対応方針導入時は社外取締役4名および社外監査役2名の合計6名が就任予定。いずれも当社から独立した社外役員で、独立役員として届け出られている。 |
| Conditions Precedent to Execution | 2023年6月開催予定の第141期定時株主総会において、出席株主の議決権の過半数の賛同を得て承認可決されること |
Items this document does not state (26)
Counterparty nameName of the Subject CompanyBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionManagement structure after acquisition
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.会社は、現行の法制度では株主が買付けの強圧性を受けずに判断するための十分な情報と時間が確保されていないこと、協議や合意を経ない突然の大規模買付けが顕在化していること、ニッケル系ステンレスの供給メーカーが実質2社で当社製品が重要な産業素材であることを理由に挙げています。これらを踏まえ、企業価値と株主の共同の利益を確保・向上するため継続が必要と判断しています。
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.