Introduction of Takeover Defense Measures for Large-Scale Purchases
First written in FY2021. 1 of 3 entries say "Restated". Latest entry: FY2025.
24 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「At a meeting of the Board of Directors held on 24 July 2024, the company resolved to introduce measures concerning large-scale purchases of the company's shares and other securities, subject to shareholder approval, and obtained approval at the company's Annual General Meeting of Shareholders for the 47th fiscal year held on 28 August of the same year.」
The company reintroduced in 2024 the takeover defense measures introduced in 2021 and obtained shareholder approval. The new Plan is effective until the conclusion of the Annual General Meeting of Shareholders scheduled for August 2027. - FY2023RestatedAnnual report
「The Plan will remain effective until the conclusion of the Annual General Meeting of Shareholders relating to the last fiscal year ending within 3 years after the company's 44th Annual General Meeting of Shareholders held on 27 August 2021.」
The company continues to disclose the measures introduced in 2021 in response to large-scale purchases and their effective period. - FY2021First statedAnnual report
「At a meeting of the Board of Directors held on 15 July 2021, the company resolved to introduce measures concerning large-scale purchases of the company's shares and other securities (takeover defense measures, the “Plan”) as one initiative to prevent a person deemed inappropriate under the company's basic policy from controlling decisions on the company's financial and business policies, thereby enhancing corporate value and securing and maximizing the common interests of shareholders. The Plan was approved by shareholders at the company's 44th Annual General Meeting of Shareholders held on 27 August 2021.」
The company introduced the Plan for large-scale purchases resulting in a shareholding ratio or a tender offer or similar transaction of 20% or more, securing a period for the provision and review of information and taking countermeasures based on recommendations from the Independent Committee and other considerations. The Plan remains effective until the conclusion of the Annual General Meeting of Shareholders relating to the last fiscal year ending within 3 years after the 44th Annual General Meeting of Shareholders.