Transparent operation of takeover defense measures emphasizing shareholder will
First written in FY2017-Q1. 11 of 14 entries say "Restated". Latest entry: FY2026.
85 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If a purchaser that threatens corporate value and the common interests of shareholders emerges, the company will request the provision of necessary and sufficient information so that shareholders can appropriately determine the merits of the large-scale acquisition, disclose the opinions of the company's Board of Directors and other relevant information, and endeavor to secure sufficient time and information for shareholders' consideration. It will also take appropriate countermeasures where necessary, in accordance with the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations, thereby working to protect and enhance the company's corporate value and, consequently, the common interests of shareholders.」
As a response following the abolition of the takeover defense measures themselves, the company restates its policy of providing information, disclosing the Board of Directors' views, securing time for shareholder consideration and taking action where necessary in accordance with applicable laws and regulations. - FY2021-Q3AdvancedAnnual report
「Regarding the tender offer for the company's common shares by NIPPON STEEL CORPORATION, the company resolved at a Board of Directors meeting held on 4 February 2021 to express its opposition.」
The policy for responding to purchases following the abolition of the takeover defense measures was demonstrated through the specific action of the Board of Directors expressing opposition to the tender offer by NIPPON STEEL CORPORATION. - FY2020RestatedAnnual report
「Going forward, if a purchaser threatens corporate value and the common interests of shareholders, the company will request the provision of necessary and sufficient information so that shareholders can appropriately determine the merits of the large-scale acquisition, disclose the opinions of the company's Board of Directors and other relevant information, and endeavor to secure sufficient time and information for shareholders' consideration. It will also take appropriate countermeasures where necessary, in accordance with the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations, and will continue working to protect and enhance corporate value and the common interests of shareholders.」
Following the abolition of the takeover defense measures, the company restates its policy of providing information, disclosing the Board of Directors' views, securing time for shareholder consideration and taking action where necessary in accordance with applicable laws and regulations. - FY2020-Q2RestatedAnnual report
「Going forward, if a purchaser threatens corporate value and the common interests of shareholders, the company will request the provision of necessary and sufficient information so that shareholders can appropriately determine the merits of the large-scale acquisition, disclose the opinions of the company's Board of Directors and other relevant information, and endeavor to secure sufficient time and information for shareholders' consideration. It will also take appropriate countermeasures where necessary, in accordance with the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations, and will continue working to protect and enhance corporate value and the common interests of shareholders.」
Following the abolition of the takeover defense measures, the company restates its policy of providing information, disclosing the Board of Directors' views, securing time for shareholder consideration and taking action where necessary in accordance with applicable laws and regulations. - FY2020-Q1RestatedAnnual report
「Going forward, if a purchaser threatens corporate value and the common interests of shareholders, the company will request the provision of necessary and sufficient information so that shareholders can appropriately determine the merits of the large-scale acquisition, disclose the opinions of the company's Board of Directors and other relevant information, and endeavor to secure sufficient time and information for shareholders' consideration. It will also take appropriate countermeasures where necessary, in accordance with the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations, and will continue working to protect and enhance corporate value and the common interests of shareholders.」
Following the abolition of the takeover defense measures, the company restates its policy of providing information, disclosing the Board of Directors' views, securing time for shareholder consideration and taking action where necessary in accordance with applicable laws and regulations. - FY2019ReframedAnnual report
「Going forward, if a purchaser threatens corporate value and the common interests of shareholders, the company will request the provision of necessary and sufficient information so that shareholders can appropriately determine the merits of the large-scale acquisition, disclose the opinions of the company's Board of Directors and other relevant information, and endeavor to secure sufficient time and information for shareholders' consideration. It will also take appropriate countermeasures where necessary, in accordance with the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations, and will continue working to protect and enhance corporate value and the common interests of shareholders.」
The company has shifted its policy from continuing standardized takeover defense measures to providing information, disclosing the Board of Directors' views, securing time for shareholder consideration and taking action where necessary in accordance with applicable laws and regulations. - FY2019-Q3RestatedAnnual report
「The current plan was approved by shareholders at the 217th Ordinary General Meeting of Shareholders held in June 2016 and was assigned a three-year validity period. Even during the validity period, it may be abolished through the directors elected at each year's general meeting of shareholders, meaning that it is not a so-called dead-hand plan. Accordingly, shareholder will is reflected both in its adoption and abolition.」
The company reconfirms its operating policy of emphasizing shareholder will through shareholder approval, a three-year validity period and the possibility of abolition through the directors. - FY2019-Q2RestatedAnnual report
「The current plan was approved by shareholders at the 217th Ordinary General Meeting of Shareholders held in June 2016 and was assigned a three-year validity period. Even during the validity period, it may be abolished through the directors elected at each year's general meeting of shareholders, meaning that it is not a so-called dead-hand plan. Accordingly, shareholder will is reflected both in its adoption and abolition.」
The company reconfirms its operating policy of emphasizing shareholder will through shareholder approval, a three-year validity period and the possibility of abolition through the directors. - FY2018RestatedAnnual report
「The current plan was approved by shareholders at the 217th Ordinary General Meeting of Shareholders held in June 2016 and was assigned a three-year validity period. Even during the validity period, it may be abolished through the directors elected at each year's general meeting of shareholders, meaning that it is not a so-called dead-hand plan. Accordingly, shareholder will is reflected both in its adoption and abolition.」
The company reconfirms its operating policy of emphasizing shareholder will through shareholder approval, a three-year validity period and the possibility of abolition through the directors. - FY2018-Q3RestatedAnnual report
「The current plan was approved by shareholders at the 217th Ordinary General Meeting of Shareholders held in June 2016 and was assigned a three-year validity period. Even during the validity period, it may be abolished through the directors elected at each year's general meeting of shareholders, meaning that it is not a so-called dead-hand plan. Accordingly, shareholder will is reflected both in its adoption and abolition.」
The company reconfirms its operating policy of emphasizing shareholder will through shareholder approval, a three-year validity period and the possibility of abolition through the directors. - FY2018-Q2RestatedAnnual report
「The current plan was approved by shareholders at the 217th Ordinary General Meeting of Shareholders held in June 2016 and was assigned a three-year validity period. Even during the validity period, it may be abolished through the directors elected at each year's general meeting of shareholders, meaning that it is not a so-called dead-hand plan. Accordingly, shareholder will is reflected both in its adoption and abolition.」
The company reconfirms its operating policy of emphasizing shareholder will through shareholder approval, a three-year validity period and the possibility of abolition through the directors. - FY2018-Q1RestatedAnnual report
「The current plan was approved by shareholders at the 217th Ordinary General Meeting of Shareholders held in June 2016 and was assigned a three-year validity period. Even during the validity period, it may be abolished through the directors elected at each year's general meeting of shareholders, meaning that it is not a so-called dead-hand plan. Accordingly, shareholder will is reflected both in its adoption and abolition.」
The company reconfirms its operating policy of emphasizing shareholder will through shareholder approval, a three-year validity period and the possibility of abolition through the directors. - FY2017-Q2RestatedAnnual report
「The plan was approved by shareholders at the 217th Ordinary General Meeting of Shareholders held in June 2016 and was assigned a three-year validity period. Even during the validity period, it may be abolished through the directors elected at each year's general meeting of shareholders, meaning that it is not a so-called dead-hand plan. Accordingly, shareholder will is reflected both in its adoption and abolition.」
The company restates its operating policy of emphasizing shareholder will and transparency through shareholder approval, the possibility of abolition and the independent committee. - FY2017-Q1First statedAnnual report
「The plan was approved by shareholders at the 217th Ordinary General Meeting of Shareholders held in June 2016 and was assigned a three-year validity period. Even during the validity period, it may be abolished through the directors elected at each year's general meeting of shareholders, meaning that it is not a so-called dead-hand plan. Accordingly, shareholder will is reflected both in its adoption and abolition.」
The document also describes monitoring and recommendations by an independent committee comprising independent outside directors, outside Audit & Supervisory Board members and experts, as well as disclosure of an overview of its decisions.