Operation of takeover defense measures against large-scale purchases
First written in FY2017-Q1. 9 of 12 entries say "Restated". Latest entry: FY2020.
2 other companies' latest entry also says "Achieved".
- FY2020AchievedAnnual report
「However, following careful consideration in light of shareholders' views, recent developments concerning takeover defense measures, the spread of the Corporate Governance Code and other changes in the operating environment, the company decided not to continue the takeover defense measures and to abolish them at the conclusion of the 220th Ordinary General Meeting of Shareholders, when their validity period expires.」
The annual report confirms that the former takeover defense measures were abolished at the conclusion of the 220th Ordinary General Meeting of Shareholders. - FY2020-Q2RestatedAnnual report
「However, following careful consideration in light of shareholders' views, recent developments concerning takeover defense measures, the spread of the Corporate Governance Code and other changes in the operating environment, the company decided not to continue the takeover defense measures and to abolish them at the conclusion of the 220th Ordinary General Meeting of Shareholders, when their validity period expires.」
The company reconfirms its policy of abolishing the takeover defense measures at the conclusion of the 220th Ordinary General Meeting of Shareholders. - FY2020-Q1RestatedAnnual report
「However, following careful consideration in light of shareholders' views, recent developments concerning takeover defense measures, the spread of the Corporate Governance Code and other changes in the operating environment, the company decided not to continue the takeover defense measures and to abolish them at the conclusion of the 220th Ordinary General Meeting of Shareholders, when their validity period expires.」
The company reconfirms its policy of abolishing the takeover defense measures at the conclusion of the 220th Ordinary General Meeting of Shareholders. - FY2019DroppedAnnual report
「However, following careful consideration in light of shareholders' views, recent developments concerning takeover defense measures, the spread of the Corporate Governance Code and other changes in the operating environment, the company decided not to continue the takeover defense measures and to abolish them at the conclusion of the 220th Ordinary General Meeting of Shareholders, when their validity period expires.」
The company explicitly states that the existing takeover defense measures covering purchases of 20% or more will be abolished at the conclusion of the 220th Ordinary General Meeting of Shareholders. - FY2019-Q3RestatedAnnual report
「Specifically, any person seeking to purchase shares or make a tender offer that would result in ownership of 20% or more of the total number of issued shares of the company, referred to below as a large-scale purchaser or other relevant party, must first submit the necessary information to the company's Board of Directors. After establishing a prescribed review period, the Board of Directors will express its views on the information, present alternative proposals and, where necessary, negotiate with the large-scale purchaser or other relevant party. The company will also provide shareholders with information on these matters as appropriate.」
The company restates the framework for purchases of 20% or more, covering the submission of information, review by the Board of Directors, expression of views, negotiations and the provision of information to shareholders. - FY2019-Q2RestatedAnnual report
「Specifically, any person seeking to purchase shares or make a tender offer that would result in ownership of 20% or more of the total number of issued shares of the company, referred to below as a large-scale purchaser or other relevant party, must first submit the necessary information to the company's Board of Directors. After establishing a prescribed review period, the Board of Directors will express its views on the information, present alternative proposals and, where necessary, negotiate with the large-scale purchaser or other relevant party. The company will also provide shareholders with information on these matters as appropriate.」
The company restates the framework for purchases of 20% or more, covering the submission of information, review by the Board of Directors, expression of views, presentation of alternative proposals, negotiations and the provision of information to shareholders. - FY2018RestatedAnnual report
「Specifically, any person seeking to purchase shares or make a tender offer that would result in ownership of 20% or more of the total number of issued shares of the company must first submit the necessary information to the company's Board of Directors. After establishing a prescribed review period, the Board of Directors will express its views on the information, present alternative proposals and, where necessary, negotiate with the large-scale purchaser or other relevant party.」
The company restates the current plan for purchases of 20% or more, covering the submission of information, Board review, expression of views, presentation of alternative proposals and negotiations. - FY2018-Q3RestatedAnnual report
「Specifically, any person seeking to purchase shares or make a tender offer that would result in ownership of 20% or more of the total number of issued shares of the company, referred to below as a large-scale purchaser or other relevant party, must first submit the necessary information to the company's Board of Directors. After establishing a prescribed review period, the Board of Directors will express its views on the information, present alternative proposals and, where necessary, negotiate with the large-scale purchaser or other relevant party. The company will also provide shareholders with information on these matters as appropriate.」
The company restates the framework for purchases of 20% or more, covering the submission of information, Board review, expression of views, presentation of alternative proposals, negotiations and the provision of information to shareholders. - FY2018-Q2RestatedAnnual report
「Specifically, any person seeking to purchase shares or make a tender offer that would result in ownership of 20% or more of the total number of issued shares of the company, referred to below as a large-scale purchaser or other relevant party, must first submit the necessary information to the company's Board of Directors. After establishing a prescribed review period, the Board of Directors will express its views on the information, present alternative proposals and, where necessary, negotiate with the large-scale purchaser or other relevant party. The company will also provide shareholders with information on these matters as appropriate.」
The company restates the current plan for purchases of 20% or more, covering the submission of information, review, expression of views, presentation of alternative proposals, negotiations and the provision of information to shareholders. - FY2018-Q1RestatedAnnual report
「Specifically, any person seeking to purchase shares or make a tender offer that would result in ownership of 20% or more of the total number of issued shares of the company, referred to below as a large-scale purchaser or other relevant party, must first submit the necessary information to the company's Board of Directors. After establishing a prescribed review period, the Board of Directors will express its views on the information, present alternative proposals and, where necessary, negotiate with the large-scale purchaser or other relevant party. The company will also provide shareholders with information on these matters as appropriate.」
The company restates the current plan for purchases of 20% or more, covering the submission of information, Board review, expression of views, presentation of alternative proposals, negotiations and the provision of information to shareholders. - FY2017-Q2RestatedAnnual report
「Specifically, any person seeking to purchase shares or make a tender offer that would result in ownership of 20% or more of the total number of issued shares of the company, referred to below as a large-scale purchaser or other relevant party, must first submit the necessary information to the company's Board of Directors. After establishing a prescribed review period, the Board of Directors will express its views on the information, present alternative proposals and, where necessary, negotiate with the large-scale purchaser or other relevant party. The company will also provide shareholders with information on these matters as appropriate.」
The company continues to describe takeover defense measures covering large-scale purchases of 20% or more, including the submission of information, review, expression of views and negotiations. - FY2017-Q1First statedAnnual report
「Specifically, any person seeking to purchase shares or make a tender offer that would result in ownership of 20% or more of the total number of issued shares of the company, referred to below as a large-scale purchaser or other relevant party, must first submit the necessary information to the company's Board of Directors. After establishing a prescribed review period, the Board of Directors will express its views on the information, present alternative proposals and, where necessary, negotiate with the large-scale purchaser or other relevant party. The company will also provide shareholders with information on these matters as appropriate.」
A framework covering purchases of 20% or more, including the submission of information, Board review, expression of views, presentation of alternative proposals, negotiations and the provision of information to shareholders. Based on approval at the June 2016 general meeting of shareholders, the measures had a three-year validity period.