Introduction of measures relating to large-scale purchases of shares
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2026.
79 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The purpose is to clarify the rules that must be observed by any person carrying out or seeking to carry out a large-scale purchase of the company's shares or other securities, to secure the necessary and sufficient information and time for shareholders to make an appropriate decision, and to secure an opportunity for the company to negotiate with the large-scale purchaser.」
The company continues its framework for responding to large-scale purchases, emphasizing the securing of the information and time necessary for shareholders to make a decision and recommendations by an independent committee. - 2026-06-02RestatedGeneral Meetings of Shareholders
「When a large-scale purchase of our shares or other securities is made, we believe it is appropriate to continue this plan and announce in advance the rules that a large-scale purchaser must follow, as well as the implementation of countermeasures against a large-scale purchaser that violates those rules, in order to secure the information and time necessary for shareholders to decide whether to accept the purchase or for the Board of Directors to present an alternative proposal, thereby protecting and enhancing corporate value and the common interests of shareholders.」
The company reconfirmed the reasons and procedural framework for continuing its policy on responding to large-scale purchases. - FY2024Update to measures for responding to large-scale purchasesAnnual report
「The effective period of the Plan began pursuant to a resolution of the company's board of directors dated 13 May 2024 and will end upon the conclusion of the annual general meeting of shareholders scheduled for June 2027.」
For the measures for responding to large-scale purchases introduced in 2021, the company established a new plan effective from 13 May 2024 through the annual general meeting of shareholders in June 2027, continuing the procedures, independent committee, and countermeasures applicable to acquisitions of 20% or more and other transactions. - FY2021First statedAnnual report
「At a meeting of the board of directors held on 1 February 2021, the company resolved to introduce measures for responding to large-scale purchases of its shares and other securities (the “Plan”), and is seeking additional approval from shareholders at the annual general meeting of shareholders.」
The measures apply to acquisitions of 20% or more of the shares and other transactions, and establish requirements for the provision of necessary information, an evaluation period for the board of directors, recommendations by an independent committee, and the gratis allotment of stock acquisition rights as a countermeasure. The effective period runs until the conclusion of the annual general meeting of shareholders scheduled for June 2024.