Response Measures to Large-Scale Share Acquisitions (Takeover Defense Measures)
First written in FY2016. 10 of 12 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2025: 8 of 56 companies on the "Worse" side.
40 other companies' latest entry also says "Dropped".
- FY2020DroppedAnnual report
「Rights plan details: Not applicable.」
The specific description of measures addressing large-scale acquisition activity included in previous filings could not be confirmed in this year's annual securities report. - FY2019-Q3RestatedAnnual report
「This plan is intended to deter large-scale acquisitions that would undermine the Company's corporate value and, by extension, the common interests of shareholders. It enables the Board of Directors, when a large-scale acquisition of the Company's shares is proposed, to present an alternative to shareholders, secure the information and time necessary for shareholders to decide whether to accept the acquisition, and negotiate on their behalf, thereby preserving and enhancing the Company's corporate value and the common interests of shareholders. When a party seeking to acquire 20% or more of the Company's share certificates or other securities emerges, the plan establishes the procedures necessary to achieve these objectives, including requiring the acquirer to provide information in advance.」
The Company has reiterated its takeover defense measures for large-scale acquisitions of 20% or more, including advance information provision and securing time for decisions and negotiations by the Board of Directors and shareholders. - FY2019-Q2RestatedAnnual report
「This plan is intended to deter large-scale acquisitions that would undermine the Company's corporate value and, by extension, the common interests of shareholders. It enables the Board of Directors, when a large-scale acquisition of the Company's shares is proposed, to present an alternative to shareholders, secure the information and time necessary for shareholders to decide whether to accept the acquisition, and negotiate on their behalf, thereby preserving and enhancing the Company's corporate value and the common interests of shareholders. When a party seeking to acquire 20% or more of the Company's share certificates or other securities emerges, the plan establishes the procedures necessary to achieve these objectives, including requiring the acquirer to provide information in advance.」
The Company has reiterated its takeover defense measures requiring advance information provision and other actions in response to large-scale acquisitions of 20% or more, thereby securing time for decisions and negotiations by the Board of Directors and shareholders. The effective period also remains unchanged. - FY2019-Q1RestatedAnnual report
「This plan is intended to deter large-scale acquisitions that would undermine the Company's corporate value and, by extension, the common interests of shareholders. It enables the Board of Directors, when a large-scale acquisition of the Company's shares is proposed, to present an alternative to shareholders, secure the information and time necessary for shareholders to decide whether to accept the acquisition, and negotiate on their behalf, thereby preserving and enhancing the Company's corporate value and the common interests of shareholders. When a party seeking to acquire 20% or more of the Company's share certificates or other securities emerges, the plan establishes the procedures necessary to achieve these objectives, including requiring the acquirer to provide information in advance.」
The Company has reiterated its takeover defense measures requiring advance information provision and other actions in response to large-scale acquisitions of 20% or more, thereby securing time for decisions and negotiations by the Board of Directors and shareholders. - FY2018-Q3RestatedAnnual report
「This plan is intended to deter large-scale acquisitions that would undermine the Company's corporate value and, by extension, the common interests of shareholders. It enables the Board of Directors, when a large-scale acquisition of the Company's shares is proposed, to present an alternative to shareholders, secure the information and time necessary for shareholders to decide whether to accept the acquisition, and negotiate on their behalf, thereby preserving and enhancing the Company's corporate value and the common interests of shareholders. When a party seeking to acquire 20% or more of the Company's share certificates or other securities emerges, the plan establishes the procedures necessary to achieve these objectives, including requiring the acquirer to provide information in advance.」
The Company has reiterated its takeover defense measures requiring advance information provision and other actions in response to large-scale acquisitions of 20% or more, thereby securing time for decisions and negotiations by the Board of Directors and shareholders. The effective period also remains unchanged. - FY2018-Q2RestatedAnnual report
「If a party seeks to acquire 20% or more of our shares or other equity securities, this plan establishes procedures necessary to achieve the above objectives, including requiring the acquirer to provide information in advance.」
The Company has reiterated its takeover defense measures requiring advance information provision and other actions in response to large-scale acquisitions of 20% or more, together with their effective period. - FY2018-Q1RestatedAnnual report
「When a party seeking to acquire 20% or more of the Company's share certificates or other securities emerges, this plan establishes the procedures necessary to achieve the above objectives, including requiring the acquirer to provide information in advance. In principle, the plan remains effective until the conclusion of the annual shareholders meeting relating to the last fiscal year ending within 3 years after the conclusion of the 90th annual shareholders meeting held on 29 June 2016.」
The Company has reiterated the procedures, including advance information provision, for large-scale acquisitions of 20% or more, and the effective period extending through the fiscal year ending within 3 years after the 2016 annual shareholders meeting. - FY2017RestatedAnnual report
「When a party seeking to acquire 20% or more of the Company's share certificates or other securities emerges, this plan establishes the procedures necessary to achieve the above objectives, including requiring the acquirer to provide information in advance. In principle, the plan remains effective until the conclusion of the annual shareholders meeting relating to the last fiscal year ending within 3 years after the conclusion of the 90th annual shareholders meeting held on 29 June 2016.」
The Company has reiterated the procedures, including advance information provision, for large-scale acquisitions of 20% or more, and the effective period extending through the fiscal year ending within 3 years after the 2016 annual shareholders meeting. - FY2017-Q3RestatedAnnual report
「When a party seeking to acquire 20% or more of the Company's share certificates or other securities emerges, this plan establishes the procedures necessary to achieve the above objectives, including requiring the acquirer to provide information in advance. In principle, the plan remains effective until the conclusion of the annual shareholders meeting relating to the last fiscal year ending within 3 years after the conclusion of the 90th annual shareholders meeting held on 29 June 2016.」
The Company has reiterated the procedures, including advance information provision, for large-scale acquisitions of 20% or more, and the effective period. - FY2017-Q2RestatedAnnual report
「When a party seeking to acquire 20% or more of the Company's share certificates or other securities emerges, this plan establishes the procedures necessary to achieve the above objectives, including requiring the acquirer to provide information in advance. In principle, the plan remains effective until the conclusion of the annual shareholders meeting relating to the last fiscal year ending within 3 years after the conclusion of the 90th annual shareholders meeting held on 29 June 2016.」
The Company has reiterated the procedures, including advance information provision, for large-scale acquisitions of 20% or more, and the effective period extending through the fiscal year ending within 3 years after the 2016 annual shareholders meeting. - FY2017-Q1RestatedAnnual report
「If a party seeks to acquire 20% or more of our shares or other equity securities, this plan establishes procedures necessary to achieve the above objectives, including requiring the acquirer to provide information in advance.」
The Company has reiterated the content of its takeover defense measures requiring advance information provision and other actions in response to large-scale acquisitions of 20% or more. - FY2016First statedAnnual report
「If a party seeks to acquire 20% or more of our shares or other equity securities, this plan establishes procedures necessary to achieve the above objectives, including requiring the acquirer to provide information in advance.」
The Company updated its response measures for acquisitions of 20% or more, combining advance information provision with decisions by the Board of Directors, a special committee and shareholders. The measures are generally effective until the conclusion of the annual shareholders meeting for the fiscal year ending within 3 years after the 2016 annual shareholders meeting.