Plan for Responding to Large-Scale Purchases
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2018-Q1.
61 other companies' latest entry also says "Dropped".
- FY2018-Q1DroppedAnnual report
「The Company had established a basic policy regarding control of the Company, but abolished it upon the conclusion of the 107th Annual General Meeting of Shareholders held on 23 June 2017.」
It confirms that the basic policy concerning control of the company and the related takeover defense measures were abolished upon the close of the ordinary general meeting of shareholders on 23 June 2017. - FY2017DroppedAnnual report
「At a board meeting held on 12 May 2017, the Company resolved not to renew the plan and to abolish it upon the conclusion of this General Meeting of Shareholders.」
The disclosure states that the takeover defense measures covering large-scale purchases of 20% or more will not be renewed and will be abolished upon the close of the ordinary general meeting of shareholders in June 2017. - FY2017-Q3RestatedAnnual report
「The Board of Directors believes that, if a large-scale purchase of the Company's shares or a similar transaction is made, securing the information and time necessary for shareholders to make an appropriate decision and ensuring that negotiations with the purchaser or other parties are conducted in accordance with certain reasonable rules would be consistent with corporate value and the common interests of shareholders. Accordingly, the Company has established certain rules concerning the provision of information and the securing of time for consideration in the event of a large-scale purchase, and has introduced takeover defence measures, including countermeasures if a large-scale purchase is made by a party deemed inappropriate in light of the basic policy regarding control of the Company.」
The takeover defense measures, including the provision of information, securing time for consideration and countermeasures in the event of a large-scale purchase, continue to be maintained. - FY2017-Q2RestatedAnnual report
「The Board of Directors believes that, if a large-scale purchase of the Company's shares or a similar transaction is made, securing the information and time necessary for shareholders to make an appropriate decision and ensuring that negotiations with the purchaser or other parties are conducted in accordance with certain reasonable rules would be consistent with corporate value and the common interests of shareholders. Accordingly, the Company has established certain rules concerning the provision of information and the securing of time for consideration in the event of a large-scale purchase, and has introduced takeover defence measures, including countermeasures if a large-scale purchase is made by a party deemed inappropriate in light of the basic policy regarding control of the Company.」
The takeover defense measures, including the provision of information, securing time for consideration and countermeasures in the event of a large-scale purchase, continue to be maintained. - FY2017-Q1RestatedAnnual report
「The Board of Directors believes that, if a large-scale purchase of the Company's shares or a similar transaction is made, securing the information and time necessary for shareholders to make an appropriate decision and ensuring that negotiations with the purchaser or other parties are conducted in accordance with certain reasonable rules would be consistent with corporate value and the common interests of shareholders. Accordingly, the Company has established certain rules concerning the provision of information and the securing of time for consideration in the event of a large-scale purchase, and has introduced takeover defence measures, including countermeasures if a large-scale purchase is made by a party deemed inappropriate in light of the basic policy regarding control of the Company.」
The takeover defense measures, including the provision of information, securing time for consideration and countermeasures in the event of a large-scale purchase, continue to be maintained. - FY2016First statedAnnual report
「This plan establishes reasonable rules relating to large-scale purchases of shares in the company that must be observed before such purchases are conducted by any party seeking to make a large-scale purchase of 20% or more of the company’s shares, regardless of the specific purchase method, such as market transactions or a tender offer, except for purchases approved in advance by the company’s Board of Directors. Such a party is referred to below as the “Large-Scale Purchaser,” and the rules are referred to below as the “Large-Scale Purchase Rules.”」
The response plan for purchases of 20% or more continues to use information provision, an evaluation period and an independent committee. It remains effective until the close of the ordinary general meeting of shareholders scheduled for June 2017.