Continuation of the Policy for Responding to Large-Scale Purchases
First written in FY2017-Q1. 17 of 19 entries say "Restated". Latest entry: FY2025-H1.
40 other companies' latest entry also says "Dropped".
- FY2025-H1DroppedAnnual report
「Against this backdrop, the Company reviewed its capital policy, adopting EPS (earnings per share) as a new management indicator. After also taking into account developments in discussions concerning the Corporate Governance Code and judicial decisions concerning large-scale purchase transactions, the Company concluded that the need for takeover defense measures had declined compared with when this policy was first introduced. Accordingly, the Company's Board of Directors unanimously resolved not to continue this policy, and to abolish it, effective upon the conclusion of the 78th Annual General Meeting of Shareholders.」
The Company disclosed its decision to abolish its policy for responding to large-scale purchase transactions upon the conclusion of the 78th Annual General Meeting of Shareholders, based on its review of its capital policy and developments concerning the Corporate Governance Code and judicial decisions. - FY2023RestatedAnnual report
「Accordingly, the Company has introduced the “Policy for Responding to Large-Scale Purchases of the Company’s Shares (Takeover Defense Measure)” to protect corporate value and the common interests of shareholders and to ensure that shareholders have sufficient time to make an appropriate decision on whether to accept an offer.」
The Company continues to explain that its takeover defense measures are intended to protect corporate value and the common interests of shareholders and to allow shareholders sufficient time to make a decision. - FY2023-Q2RestatedAnnual report
「There were no changes to the Policy during the cumulative second quarter of the current consolidated fiscal year.」
The Company has reaffirmed that there were no changes to its basic policy concerning the appropriate form of control by persons who determine financial and business policies. - FY2021RestatedAnnual report
「As a listed company, the Company’s Board of Directors does not categorically reject even a so-called hostile takeover conducted without the Board’s consent if it would contribute to corporate value and the common interests of shareholders, given that the Company allows its shares to be freely traded.」
The Company continues to maintain the basic position that it will not categorically reject acquisitions that contribute to corporate value and the common interests of shareholders, while ensuring that shareholders have sufficient time and information to make a decision under the large-scale purchase rules. - FY2021-Q3RestatedAnnual report
「There were no changes to the Policy during the cumulative third quarter of the current consolidated fiscal year.」
The Company states that there were no changes to its basic policy concerning the appropriate form of control by persons who determine financial and business policies. - FY2021-Q2RestatedAnnual report
「There were no changes to the Policy during the cumulative second quarter of the current consolidated fiscal year.」
The Company states that there were no changes to its basic policy concerning the appropriate form of control by persons who determine financial and business policies. - FY2021-Q1RestatedAnnual report
「There were no changes to the Policy during the cumulative first quarter of the current consolidated fiscal year.」
The Company states that there were no changes to its basic policy concerning the appropriate form of control by persons who determine financial and business policies. - FY2020-Q3RestatedAnnual report
「These rules were introduced in line with the basic principles in (1) and are not intended to maintain the positions of the Company’s directors. They have a high degree of rationality because, among other reasons, they fully satisfy the requirements of the guidelines for takeover defense measures, were introduced to secure and enhance corporate value and the common interests of shareholders, are based on the rational judgment of shareholders, place importance on the judgment of highly independent outside parties, establish reasonable and objective activation requirements, and are not a dead-hand takeover defense measure.」
The Company continues to state that the large-scale purchase rules are intended to protect corporate value and the common interests of shareholders and not to maintain the positions of directors. - FY2020-Q2RestatedAnnual report
「These rules were introduced in line with the basic principles in (1) and are not intended to maintain the positions of the Company’s directors. They have a high degree of rationality because, among other reasons, they fully satisfy the requirements of the guidelines for takeover defense measures, were introduced to secure and enhance corporate value and the common interests of shareholders, are based on the rational judgment of shareholders, place importance on the judgment of highly independent outside parties, establish reasonable and objective activation requirements, and are not a dead-hand takeover defense measure.」
The Company continues to state that the large-scale purchase rules are intended to protect corporate value and the common interests of shareholders and not to maintain the positions of directors. - FY2019RestatedAnnual report
「The Company’s Board of Directors introduced rules concerning large-scale purchases (the “large-scale purchase rules”) to protect corporate value and the common interests of shareholders and to ensure that shareholders have sufficient time to make an appropriate decision on whether to accept an offer.」
The Company continued to state that the purpose of the large-scale purchase rules is to protect corporate value and the common interests of shareholders and to ensure that shareholders have time to make a decision. - FY2019-Q2RestatedAnnual report
「Accordingly, the Company’s Board of Directors introduced the Policy to protect corporate value and the common interests of shareholders and to ensure that shareholders have sufficient time to make an appropriate decision on whether to accept an offer. The Policy is not intended to maintain the positions of the Company’s officers.」
The Company has reaffirmed that the purpose of the Policy for Responding to Large-Scale Purchases is to protect corporate value and the common interests of shareholders and to ensure that shareholders have time to make a decision. - FY2019-Q1RestatedAnnual report
「Accordingly, the Company’s Board of Directors introduced the Policy to protect corporate value and the common interests of shareholders and to ensure that shareholders have sufficient time to make an appropriate decision on whether to accept an offer. The Policy is not intended to maintain the positions of the Company’s officers.」
The Company has reaffirmed that the Policy for Responding to Large-Scale Purchases is intended to protect corporate value and the common interests of shareholders and to ensure that shareholders have time to make a decision. - FY2018-Q3RestatedAnnual report
「The Company’s Board of Directors introduced the Policy to protect corporate value and the common interests of shareholders and to ensure that shareholders have sufficient time to make an appropriate decision on whether to accept an offer. The Policy is not intended to maintain the positions of the Company’s officers.」
The Company has reaffirmed that the purpose of the takeover defense measure is to protect corporate value and the common interests of shareholders and to ensure that shareholders have time to make a decision. - FY2018-Q2RestatedAnnual report
「The Company’s Board of Directors introduced the Policy to protect corporate value and the common interests of shareholders and to ensure that shareholders have sufficient time to make an appropriate decision on whether to accept an offer. The Policy is not intended to maintain the positions of the Company’s officers.」
The Company has reaffirmed that the purpose of the takeover defense measure is to protect corporate value and the common interests of shareholders and to ensure that shareholders have time to make a decision. - FY2018-Q1RestatedAnnual report
「The Company’s Board of Directors introduced the Policy to protect corporate value and the common interests of shareholders and to ensure that shareholders have sufficient time to make an appropriate decision on whether to accept an offer. The Policy is not intended to maintain the positions of the Company’s officers.」
The Company continues to state that the takeover defense measure is intended to protect corporate value and the common interests of shareholders and to give shareholders time to make a decision. - FY2017RestatedAnnual report
「The large-scale purchase rules provide that (1) a large-scale purchaser must first provide the Company’s Board of Directors with the necessary and sufficient information, and (2) the large-scale purchase may commence only after the period required for the Board to evaluate and consider the proposed purchase based on that information has elapsed.」
The Company continues to describe in its annual reports the framework for the large-scale purchase rules and the information-gathering and evaluation period for the Board of Directors. - FY2017-Q3RestatedAnnual report
「Since introducing the “Policy for Responding to Large-Scale Purchases of the Company’s Shares (Takeover Defense Measure)” (the “Policy”) pursuant to a resolution of the Board of Directors dated 15 May 2007 and shareholder approval at the 61st Annual General Meeting of Shareholders held on 26 June 2007, the Company obtained annual approval for continuation of the Policy through a Board resolution dated 9 May 2016 and shareholder approval for continuation of the Policy at the 70th Annual General Meeting of Shareholders held on 28 June 2016.」
The Company has reiterated that it continues the takeover defense measure through Board resolutions and approval at the Annual General Meeting of Shareholders. - FY2017-Q2RestatedAnnual report
「Since introducing the “Policy for Responding to Large-Scale Purchases of the Company’s Shares (Takeover Defense Measure)” (the “Policy”) pursuant to a resolution of the Board of Directors dated 15 May 2007 and shareholder approval at the 61st Annual General Meeting of Shareholders held on 26 June 2007, the Company obtained annual approval for continuation of the Policy through a Board resolution dated 9 May 2016 and shareholder approval for continuation of the Policy at the 70th Annual General Meeting of Shareholders held on 28 June 2016.」
The Company has reiterated that it continues the takeover defense measure through annual Board resolutions and approval at the Annual General Meeting of Shareholders. - FY2017-Q1First statedAnnual report
「Since introducing the “Policy for Responding to Large-Scale Purchases of the Company’s Shares (Takeover Defense Measure)” (the “Policy”) pursuant to a resolution of the Board of Directors dated 15 May 2007 and shareholder approval at the 61st Annual General Meeting of Shareholders held on 26 June 2007, the Company obtained annual approval for continuation of the Policy through a Board resolution dated 9 May 2016 and shareholder approval for continuation of the Policy at the 70th Annual General Meeting of Shareholders held on 28 June 2016.」
The Company states that it has continued the takeover defense measure with the approval of general meetings of shareholders.