Response to Large-Scale Purchases that Harm Corporate Value and the Common Interests of Shareholders
First written in FY2016. 18 of 21 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 3 of 26 companies on the "Worse" side.
86 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「As a listed company, we recognize that, if a purchase proposal by a specific party would have a material impact on our basic management policy, the decision whether to accept it should ultimately be left to the judgment of our shareholders.」
Separate from the former large-scale purchase rules and the 2020 response policy, the company describes a basic policy under which shareholder judgment is fundamental to large-scale purchases, while requiring the provision of necessary information and evaluation and consideration by the Board of Directors. - FY2024-Q3RestatedAnnual report
「During the cumulative consolidated third quarter under review, there was no occurrence of new business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to its existing business and other risks, including the risk that large-scale purchases could impair corporate value and the common interests of shareholders. - FY2022-Q3RestatedAnnual report
「During the cumulative consolidated third quarter under review, there was no occurrence of new business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to its existing business and other risks, including the risk that large-scale purchases could impair corporate value and the common interests of shareholders. - FY2022-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to its existing business and other risks, including the risk that large-scale purchases could impair corporate value and the common interests of shareholders. - FY2021-Q3RestatedAnnual report
「During the cumulative consolidated third quarter under review, there was no occurrence of new business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to its existing business and other risks, including the risk that large-scale purchases could impair corporate value and the common interests of shareholders. - FY2021-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to its existing business and other risks, including the risk that large-scale purchases could impair corporate value and the common interests of shareholders. - FY2020MitigatedAnnual report
「A tender offer for our shares by City Index Eleventh Co., Ltd., a subsidiary of Office Support Co., Ltd., commenced on 21 January 2020. On 2 April 2020, the tender offeror issued a public notice of withdrawal of the tender offer and submitted a tender offer withdrawal notification, and the tender offer was withdrawn as of the date of that public notice.」
Although the risk of a tender offer actually materialized, the company states that the tender offer was withdrawn on 2 April 2020. - FY2020-Q3MaterialisedAnnual report
「We have introduced a policy for responding to a tender offer for our shares by Office Support Co., Ltd. (hereinafter, “Office Support”), or its subsidiary City Index Eleventh Co., Ltd., and to other large-scale purchases that may be contemplated in circumstances where the tender offer or an announcement of the tender offer has been made (hereinafter, the “Response Policy”).」
Previously, the company identified the possibility that large-scale purchases could impair corporate value as a risk, but now describes the actual occurrence of a tender offer by a specific company and an announcement preceding that tender offer. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to its existing business and other risks, including the risk that large-scale purchases could impair corporate value and the common interests of shareholders. - FY2020-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to its existing business and other risks, including the risk that large-scale purchases could impair corporate value and the common interests of shareholders. - FY2019-Q3RestatedAnnual report
「In addition, some large-scale purchases of shares could impair our corporate value and the common interests of shareholders, which we have worked to maintain and enhance.」
The company continues to recognize the risk that large-scale purchases could impair corporate value and the common interests of shareholders. - FY2019-Q2RestatedAnnual report
「In addition, some large-scale purchases of shares could impair our corporate value and the common interests of shareholders, which we have worked to maintain and enhance.」
The company continues to recognize the risk that large-scale purchases could impair corporate value and the common interests of shareholders. - FY2019-Q1RestatedAnnual report
「In addition, some large-scale purchases of shares could impair our corporate value and the common interests of shareholders, which we have worked to maintain and enhance.」
The company continues to recognize the risk that large-scale purchases could impair corporate value and the common interests of shareholders. - FY2018RestatedAnnual report
「In addition, some large-scale purchases of shares could impair our corporate value and the common interests of shareholders, which we have worked to maintain and enhance.」
The company continues to recognize the risk that large-scale purchases could impair corporate value and the common interests of shareholders. - FY2018-Q3RestatedAnnual report
「In addition, some large-scale purchases of shares could impair our corporate value and the common interests of shareholders, which we have worked to maintain and enhance.」
The company reiterates its recognition of the risk that large-scale purchases could impair corporate value and the common interests of shareholders. - FY2018-Q2RestatedAnnual report
「In addition, some large-scale purchases of shares could impair our corporate value and the common interests of shareholders, which we have worked to maintain and enhance.」
The company reiterates its recognition of the risk that large-scale purchases could impair corporate value and the common interests of shareholders. - FY2018-Q1RestatedAnnual report
「In addition, some large-scale purchases of shares could impair our corporate value and the common interests of shareholders, which we have worked to maintain and enhance.」
The company reiterates its recognition of the risk that large-scale purchases could impair corporate value and the common interests of shareholders. - FY2017-Q3RestatedAnnual report
「In addition, some large-scale purchases of shares could impair our corporate value and the common interests of shareholders, which we have worked to maintain and enhance.」
The company reiterates its recognition of the risk that large-scale purchases could impair corporate value and the common interests of shareholders. - FY2017-Q2RestatedAnnual report
「In addition, some large-scale purchases of shares could impair our corporate value and the common interests of shareholders, which we have worked to maintain and enhance.」
The company reiterates its recognition of the risk that large-scale purchases could impair corporate value and the common interests of shareholders. - FY2017-Q1RestatedAnnual report
「In addition, some large-scale purchases of shares could impair our corporate value and the common interests of shareholders, which we have worked to maintain and enhance.」
The company reiterates its recognition of the risk that large-scale purchases could impair corporate value and the common interests of shareholders. - FY2016First statedAnnual report
「Some large-scale purchases of shares could impair our corporate value and the common interests of shareholders, which we have worked to maintain and enhance.」
The company identifies as risks situations in which the large-scale purchaser does not provide sufficient information or corporate value and the common interests of shareholders are impaired.