Protection of Corporate Value through Large-Scale Purchase Rules
First written in FY2016. 13 of 17 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2023: 1 of 6 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Regardless of whether large-scale purchase rules are in place, the Group will continue to work as one to secure and enhance the Company’s medium- to long-term corporate value and, consequently, the common interests of shareholders.」
The company has reaffirmed its policy of continuing to provide necessary information, disclose the Board of Directors’ opinion, and secure sufficient time for shareholders to consider the matter even after abolishing the large-scale purchase rules in June 2019. - FY2020-Q3RestatedAnnual report
「Even after this policy was abolished, the company will, where necessary, take appropriate measures in accordance with the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations, including requesting persons conducting large-scale purchases of the company's shares to provide necessary and sufficient information for shareholders to make an appropriate decision on whether to accept the large-scale purchase, disclosing the opinions of the Board of Directors and other information, and working to secure sufficient time and information for shareholders' consideration.」
The company has reaffirmed its policy of continuing to provide necessary information, disclose the Board of Directors’ opinion, and secure sufficient time for shareholders to consider the matter even after abolishing the takeover defense measures. - FY2020-Q2RestatedAnnual report
「Even after this policy was abolished, the company will, where necessary, take appropriate measures in accordance with the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations, including requesting persons conducting large-scale purchases of the company's shares to provide necessary and sufficient information for shareholders to make an appropriate decision on whether to accept the large-scale purchase, disclosing the opinions of the Board of Directors and other information, and working to secure sufficient time and information for shareholders' consideration.」
The company has reaffirmed its policy of continuing to provide necessary information, disclose the Board of Directors’ opinion, and secure sufficient time for shareholders to consider the matter even after abolishing the takeover defense measures. - FY2020-Q1ReframedAnnual report
「Even after this policy was abolished, the company will, where necessary, take appropriate measures in accordance with the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations, including requesting persons conducting large-scale purchases of the company's shares to provide necessary and sufficient information for shareholders to make an appropriate decision on whether to accept the large-scale purchase, disclosing the opinions of the Board of Directors and other information, and working to secure sufficient time and information for shareholders' consideration.」
While the takeover defense measures have been abolished, the company indicates that, as a post-abolition response, it will request the provision of information on large-scale purchases, disclose the Board of Directors’ opinion, and secure sufficient time for shareholders to consider the matter. - FY2019DroppedAnnual report
「The Board of Directors resolved at a meeting held on 29 March 2019 not to continue this measure, and the effective period of this policy expired at the close of the 99th Annual General Meeting of Shareholders held on 21 June 2019.」
The Board of Directors resolved not to continue the large-scale purchase response policy, and its effective period expired on 21 June 2019. - FY2019-Q3RestatedAnnual report
「Based on approval at the 96th Annual General Meeting of Shareholders held on 23 June 2016, the company updated its policy concerning purchases of the company's shares or other securities (Note) for the purpose of making the voting rights ratio of a specified shareholder group 20% or more, or purchases that would result in the voting rights ratio of a specified shareholder group becoming 20% or more.」
The company is reconfirming its large-scale purchase response policy covering a voting rights ratio of 20% or more and the policy's effective period. - FY2019-Q2RestatedAnnual report
「Based on approval at the 96th Annual General Meeting of Shareholders held on 23 June 2016, the company updated its policy concerning purchases of the company's shares or other securities for the purpose of making the voting rights ratio of a specified shareholder group 20% or more, or purchases that would result in the voting rights ratio of a specified shareholder group becoming 20% or more.」
The company is restating its large-scale purchase response policy covering the acquisition of 20% or more of voting rights. The effective period has also remained unchanged from the previous policy. - FY2019-Q1RestatedAnnual report
「The effective period of this policy runs until the close of the Annual General Meeting of Shareholders relating to the last of the fiscal years ending within 3 years from 23 June 2016, and its outline is as follows.」
The company is reconfirming its large-scale purchase rules covering a voting rights ratio of 20% or more and the policy's effective period. - FY2018RestatedAnnual report
「The purchase of the Company's shares or other securities for the purpose of increasing the voting rights ratio of a specified shareholder group to 20% or more, or any purchase of the Company's shares or other securities that would result in the voting rights ratio of a specified shareholder group reaching 20% or more」
The company is restating its large-scale purchase rules covering the acquisition of 20% or more of voting rights and providing for an information provision period and a Board of Directors evaluation period. - FY2018-Q3RestatedAnnual report
「Based on approval at the 96th Annual General Meeting of Shareholders held on 23 June 2016, the company updated its policy concerning purchases of the company's shares or other securities for the purpose of making the voting rights ratio of a specified shareholder group 20% or more, or purchases that would result in the voting rights ratio of a specified shareholder group becoming 20% or more.」
The company is restating its large-scale purchase response policy covering the acquisition of 20% or more of voting rights. - FY2018-Q2RestatedAnnual report
「Based on approval at the 96th Annual General Meeting of Shareholders held on 23 June 2016, the company updated its policy concerning purchases of the company's shares or other securities for the purpose of making the voting rights ratio of a specified shareholder group 20% or more, or purchases that would result in the voting rights ratio of a specified shareholder group becoming 20% or more.」
The company is restating its large-scale purchase response policy covering the acquisition of 20% or more of voting rights. - FY2018-Q1RestatedAnnual report
「Based on approval at the 96th Annual General Meeting of Shareholders held on 23 June 2016, the company updated its policy concerning purchases of the company's shares or other securities for the purpose of making the voting rights ratio of a specified shareholder group 20% or more, or purchases that would result in the voting rights ratio of a specified shareholder group becoming 20% or more.」
The company is restating its large-scale purchase response policy covering the acquisition of 20% or more of voting rights. - FY2017RestatedAnnual report
「Based on approval at the 96th Annual General Meeting of Shareholders held on 23 June 2016, the company updated its policy concerning purchases of the company's shares or other securities for the purpose of making the voting rights ratio of a specified shareholder group 20% or more, or purchases that would result in the voting rights ratio of a specified shareholder group becoming 20% or more.」
The company is restating its large-scale purchase response policy covering the acquisition of 20% or more of voting rights, together with rules combining information provision, a Board of Directors evaluation period and shareholder approval. - FY2017-Q3RestatedAnnual report
「Based on approval at the 96th Annual General Meeting of Shareholders held on 23 June 2016, the company updated its policy concerning persons conducting purchases of the company's shares or other securities for the purpose of making the voting rights ratio of a specified shareholder group 20% or more, or purchases that would result in the voting rights ratio of a specified shareholder group becoming 20% or more.」
The company is restating the large-scale purchase response policy covering the acquisition of 20% or more of voting rights as a policy approved at the Annual General Meeting of Shareholders. - FY2017-Q2RestatedAnnual report
「Based on approval at the 96th Annual General Meeting of Shareholders held on 23 June 2016, the company updated its policy concerning persons conducting purchases of the company's shares or other securities (Note) for the purpose of making the voting rights ratio of a specified shareholder group 20% or more, or purchases that would result in the voting rights ratio of a specified shareholder group becoming 20% or more (such purchases are referred to below as "large-scale purchases" and such persons as "large-scale purchasers").」
The company is restating the large-scale purchase response policy updated based on approval at the Annual General Meeting of Shareholders. - FY2017-Q1AdvancedAnnual report
「Based on approval at the 96th Annual General Meeting of Shareholders held on 23 June 2016, the company updated its policy concerning persons conducting purchases of the company's shares or other securities for the purpose of making the voting rights ratio of a specified shareholder group 20% or more, or purchases that would result in the voting rights ratio of a specified shareholder group becoming 20% or more.」
Based on approval at the Annual General Meeting of Shareholders, the company updated its policy concerning responses to large-scale purchases. - FY2016First statedAnnual report
「The large-scale purchase rules established by the company require a large-scale purchaser to ① provide necessary and sufficient information to the company's Board of Directors in advance, and ② begin the large-scale purchase only after a specified evaluation period by the company's Board of Directors has elapsed.」
The company updated its policy covering acquisitions resulting in a voting rights ratio of 20% or more, combining an information provision period, a Board of Directors evaluation period and shareholder approval.