Measures in Response to Large-Scale Purchase Actions and Establishment of an Independent Committee
First written in FY2023. 1 of 3 entries say "Restated". Latest entry: FY2025.
Techno Smart Corp. moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
15 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「At a meeting of the Board of Directors held on 23 May 2025, we resolved to continue the original Plan after making partial changes to it (the amended Plan is referred to as the "Plan"). It was approved at the 91st Annual General Meeting of Shareholders held on 25 June 2025.」
The response measures for large-scale purchases introduced in 2022 continued after partial amendments and were approved at the Annual General Meeting of Shareholders in June 2025. - FY2024RestatedAnnual report
「Under the Plan, an independent committee has been established to eliminate arbitrary decision-making by the Board of Directors and ensure the objectivity and reasonableness of the Board's decisions and responses when implementing countermeasures and taking other actions. We will give maximum consideration to the independent committee's recommendations and ensure transparency by making timely disclosures to shareholders.」
The response measures for large-scale purchases introduced and approved in 2022, the policy of giving maximum consideration to the independent committee's recommendations, and the provision of transparency through disclosure were reaffirmed. - FY2023First statedAnnual report
「At a meeting of the Board of Directors held on 26 May 2022, we resolved to introduce response measures concerning large-scale purchases of our shares and other activities (the "Plan"). The proposal was submitted to and approved at the 88th Annual General Meeting of Shareholders held on 24 June 2022. Under the Plan, an independent committee has been established to eliminate arbitrary decision-making by the Board of Directors and ensure the objectivity and reasonableness of the Board's decisions and responses when implementing countermeasures and taking other actions. We will give maximum consideration to the independent committee's recommendations and ensure transparency by making timely disclosures to shareholders.」
It was identified for the first time that response measures concerning large-scale purchases of shares and other activities had been introduced following a Board resolution in May 2022 and shareholder approval in June of the same year. The disclosure covered the provision of information in advance, decisions by the Board of Directors and the General Meeting of Shareholders, the independent committee, and the gratis allotment of stock acquisition rights as a countermeasure.