Komori
Piolax (5988) · PolicyDropped

Abolition of Takeover Defense Measures and Shareholder Decisions on Takeover Proposals

First written in FY2016. 7 of 9 entries say "Restated". Latest entry: FY2019.

9entries
4years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY20192016: 320162017: 420172018: 120182019: 12019
Same theme, other companies
Non-Renewal and Abolition of Takeover Defense MeasuresA theme 51 companies write about · 0 as a headwind · 2 as a tailwind

The whole theme swung hardest in 2023: 1 of 6 companies on the "Worse" side.

35 other companies' latest entry also says "Dropped".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 51 companies compared. The sentences above are computed from all 51.
Full recordFilings, disclosures and news, newest first
  1. FY2019DroppedAnnual report
    This annual securities report contains no explicit description of the policy for responding after the abolition of the takeover defense measure that had been included through the previous report.
  2. FY2018-Q3RestatedAnnual report

    「Even after the takeover defense measure is not renewed and is abolished, we will require any party seeking to make a large-scale purchase of our shares to provide the necessary and sufficient information for shareholders to make an appropriate decision on whether the purchase is advisable. We will also disclose the opinions of our Board of Directors and endeavor to secure time for shareholders to consider the matter, taking appropriate and decisive measures within the scope permitted by the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations.」

    The company reiterates its policy, after abolishing the takeover defense measure, of providing information on takeover proposals, disclosing the Board of Directors' opinions, and securing time for shareholders to consider them.
  3. FY2018-Q2RestatedAnnual report

    「Even after the takeover defense measure is not renewed and is abolished, we will require any party seeking to make a large-scale purchase of our shares to provide the necessary and sufficient information for shareholders to make an appropriate decision on whether the purchase is advisable. We will also disclose the opinions of our Board of Directors and endeavor to secure time for shareholders to consider the matter, taking appropriate and decisive measures within the scope permitted by the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations.」

    The company reiterates its policy, after abolishing the takeover defense measure, of providing information on takeover proposals, disclosing the Board of Directors' opinions, and securing time for shareholders to consider them.
  4. FY2018-Q1RestatedAnnual report

    「Even after the takeover defense measure is not renewed and is abolished, we will require any party seeking to make a large-scale acquisition to provide the necessary and sufficient information for shareholders to make an appropriate decision on whether the acquisition is advisable. We will also disclose the opinions of our Board of Directors and endeavor to secure time for shareholders to consider the matter, taking appropriate and decisive measures within the scope permitted by the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations.」

    The company reiterates its policy, after abolishing the takeover defense measure, of providing information on takeover proposals, disclosing the Board of Directors' opinions, and securing time for shareholders to consider them.
  5. FY2017RestatedAnnual report

    「Even after the takeover defense measure is not renewed and is abolished, we will require any party seeking to make a large-scale acquisition to provide the necessary and sufficient information for shareholders to make an appropriate decision on whether the acquisition is advisable. We will also disclose the opinions of our Board of Directors and endeavor to secure time for shareholders to consider the matter, taking appropriate and decisive measures within the scope permitted by the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations.」

    The company reiterates its policy, after abolishing the takeover defense measure, of providing information on takeover proposals, disclosing the Board of Directors' opinions, and securing time for shareholders to consider them.
  6. FY2017-Q3RestatedAnnual report

    「Even after the takeover defense measure is not renewed and is abolished, we will require any party seeking to make a large-scale acquisition to provide the necessary and sufficient information for shareholders to make an appropriate decision on whether the acquisition is advisable. We will also disclose the opinions of our Board of Directors and endeavor to secure time for shareholders to consider the matter, taking appropriate and decisive measures within the scope permitted by the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations.」

    The company reiterates its policy, after abolishing the takeover defense measure, of providing information on takeover proposals, disclosing the Board of Directors' opinions, and securing time for shareholders to consider them.
  7. FY2017-Q2RestatedAnnual report

    「Even after the takeover defense measure is not renewed and is abolished, we will require any party seeking to make a large-scale acquisition to provide the necessary and sufficient information for shareholders to make an appropriate decision on whether the acquisition is advisable. We will also disclose the opinions of our Board of Directors and endeavor to secure time for shareholders to consider the matter, taking appropriate and decisive measures within the scope permitted by the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations.」

    The company reiterates its policy, after abolishing the takeover defense measure, of providing information on takeover proposals, disclosing the Board of Directors' opinions, and securing time for shareholders to consider them.
  8. FY2017-Q1RestatedAnnual report

    「Even after the takeover defense measure is not renewed and is abolished, we will require any party seeking to make a large-scale acquisition to provide the necessary and sufficient information for shareholders to make an appropriate decision on whether the acquisition is advisable. We will also disclose the opinions of our Board of Directors and endeavor to secure time for shareholders to consider the matter, taking appropriate and decisive measures within the scope permitted by the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations.」

    The company reiterates its policy, after abolishing the takeover defense measure, of providing information on takeover proposals, disclosing the Board of Directors' opinions, and securing time for shareholders to consider them.
  9. FY2016First statedAnnual report

    「At a Board of Directors meeting held on 12 May 2016, we resolved not to renew and to abolish the "Response Measures for Large-Scale Purchases of Our Shares (Takeover Defense Measure)" at the conclusion of the 100th Annual General Meeting of Shareholders to be held on 28 June 2016.」

    While indicating that the takeover defense measure would be abolished without renewal, the company stated its policy of requiring the provision of necessary information and securing time to consider large-scale acquisitions.
Moved together

None of this company's other threads moved the same way in the same document twice or more.

When this could move next
No upcoming earnings preview for Piolax yet.
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Abolition of Takeover Defense Measures and Shareholder Decisions on Takeover Proposals | PIOLAX,INC. (5988) | Komori