Policy for Responding to Large-Scale Purchases
First written in FY2016. 9 of 17 entries say "Restated". Latest entry: FY2025.
- FY2025ReframedAnnual report
「At a meeting of the Board of Directors held on 19 May 2025, the Company resolved to continue, after making the necessary revisions, its policy for responding to large-scale purchases of the Company's shares, which had been continued with the approval of shareholders at the Company's 74th Annual General Meeting of Shareholders held on 27 June 2023, as one of the measures to prevent decisions on the Company's financial and business policies from being controlled by an inappropriate party in light of its basic policy. The revised policy is referred to below as the “Plan.” The Plan was approved by shareholders at the Company's 76th Annual General Meeting of Shareholders held on 27 June 2025, referred to below as the “Annual General Meeting of Shareholders.”」
The policy for responding to large-scale purchases was continued after being revised in 2025, with the approval of the shareholders' meeting. The Independent Committee comprises 5 members. - FY2023ReframedAnnual report
「At a meeting of the Board of Directors held on 22 May 2023, the Company resolved to continue, after making the necessary revisions, its policy for responding to large-scale purchases of the Company's shares, which had been continued with the approval of shareholders at the Company's 72nd Annual General Meeting of Shareholders held on 25 June 2021, as one of the measures to prevent decisions on the Company's financial and business policies from being controlled by an inappropriate party in light of its basic policy. The policy was approved by shareholders at the Company's 74th Annual General Meeting of Shareholders held on 27 June 2023.」
The policy for responding to large-scale purchases was continued after being revised in 2023, with the approval of the shareholders' meeting. The Independent Committee comprises 5 members. - FY2022Reduction in the number of independent committee membersAnnual report
「In addition, Shūshima Shinya (秀島信也), a member of the Independent Committee, completed his term as a member on 27 June 2022, resulting in the Independent Committee having 4 members from that date onward.」
The Independent Committee, which had comprised 5 members after the 2021 revision and continuation, had 4 members from 27 June 2022 following the end of Shūshima Shinya's (秀島信也) term. - FY2021ReframedAnnual report
「At a meeting of the Board of Directors held on 13 May 2021, the Company resolved to continue, with the necessary amendments, its response policy concerning large-scale purchases of the Company's shares, which had been continued with the approval of shareholders at the Company's 70th Annual General Meeting of Shareholders held on 27 June 2019, as one measure to prevent persons deemed inappropriate under the basic policy from controlling decisions on the Company's financial and business policies. The amended response policy is referred to below as the “Plan.” Its continuation was approved by shareholders at the Company's 72nd Annual General Meeting of Shareholders held on 25 June 2021, referred to below as the “Annual General Meeting of Shareholders.” In connection with the continuation of the Plan, the Company has continued to maintain an independent committee and appointed Ijuin Isao (伊集院 功), Takei Yoichi (武井洋一), Nasu Kento (那須健人), Hayashida Kazuhisa (林田和久), and Hideshima Shinya (秀島信也) as its 5 members.」
The policy for responding to large-scale purchases was continued after being revised again, with the approval of the shareholders' meeting held in June 2021. The Independent Committee continues to comprise 5 members. - FY2020Reduction in the number of independent committee membersAnnual report
「On 29 January 2020, Sato Junya (佐藤順哉), a member of the independent committee referred to above, passed away. Accordingly, the independent committee has had 5 members since that date.」
The independent committee, expanded to 6 members in 2019, had 5 members from 29 January 2020 following the death of a member. - FY2020-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 14 May 2019, the Company resolved to continue, with the necessary amendments, its response policy concerning large-scale purchases of the Company's shares, which had been continued with the approval of shareholders at the Company's 68th Annual General Meeting of Shareholders held on 29 June 2017, as one measure to prevent persons deemed inappropriate under the basic policy from controlling decisions on the Company's financial and business policies. The amended response policy is referred to below as the “Plan.” Its continuation was approved by shareholders at the Company's 70th Annual General Meeting of Shareholders held on 27 June 2019. In connection with the continuation of the Plan, the Company expanded the independent committee from 4 to 6 members and appointed Ijuin Isao (伊集院 功), Sato Junya (佐藤順哉), Takei Yoichi (武井洋一), Nasu Kento (那須健人), Hayashida Kazuhisa (林田和久), and Hideshima Shinya (秀島信也) as its 6 members.」
The response policy concerning large-scale purchases, amended and continued in 2019, and the independent committee expanded to 6 members continue to be described. - FY2020-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 14 May 2019, the Company resolved to continue, with the necessary amendments, its response policy concerning large-scale purchases of the Company's shares, which had been continued with the approval of shareholders at the Company's 68th Annual General Meeting of Shareholders held on 29 June 2017, as one measure to prevent persons deemed inappropriate under the basic policy from controlling decisions on the Company's financial and business policies. The amended response policy is referred to below as the “Plan.” Its continuation was approved by shareholders at the Company's 70th Annual General Meeting of Shareholders held on 27 June 2019. In connection with the continuation of the Plan, the Company expanded the independent committee from 4 to 6 members and appointed Ijuin Isao (伊集院 功), Sato Junya (佐藤順哉), Takei Yoichi (武井洋一), Nasu Kento (那須健人), Hayashida Kazuhisa (林田和久), and Hideshima Shinya (秀島信也) as its 6 members.」
The Plan amended and continued in 2019 and the independent committee expanded to 6 members continue to be described. - FY2019ReframedAnnual report
「At a meeting of the Board of Directors held on 14 May 2019, the Company resolved to continue, with the necessary amendments, its response policy concerning large-scale purchases of the Company's shares, which had been continued with the approval of shareholders at the Company's 68th Annual General Meeting of Shareholders held on 29 June 2017, as one measure to prevent persons deemed inappropriate under the basic policy from controlling decisions on the Company's financial and business policies. The amended response policy is referred to below as the “Plan.” Its continuation was approved by shareholders at the Company's 70th Annual General Meeting of Shareholders held on 27 June 2019. In connection with the continuation of the Plan, the Company expanded the independent committee from 4 to 6 members.」
The response policy concerning large-scale purchases was amended again and continued, and the independent committee was expanded from 4 to 6 members. - FY2019-Q3RestatedAnnual report
「In connection with the continuation of this Plan, the Company has continued to maintain an independent committee and appointed Ijuin Isao (伊集院 功), Sato Junya (佐藤順哉), Takei Yoichi (武井洋一), and Nasu Kento (那須健人) as its 4 members.」
The response policy concerning large-scale purchases, the Plan, and the 4-member independent committee continue to be maintained. - FY2019-Q2RestatedAnnual report
「In connection with the continuation of this Plan, the Company has continued to maintain an independent committee and appointed Ijuin Isao (伊集院 功), Sato Junya (佐藤順哉), Takei Yoichi (武井洋一), and Nasu Kento (那須健人) as its members.」
The response policy concerning large-scale purchases, amended and continued in 2017, the Plan, and the 4-member independent committee continue to be maintained. - FY2019-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 15 May 2017, the Company resolved to continue, with the necessary amendments, its response policy concerning large-scale purchases of the Company's shares, which had been continued with the approval of shareholders at the Company's 66th Annual General Meeting of Shareholders held on 26 June 2015, as one measure to prevent persons deemed inappropriate under the basic policy from controlling decisions on the Company's financial and business policies. The amended response policy is referred to below as the “Plan.” Its continuation was approved by shareholders at the Company's 68th Annual General Meeting of Shareholders held on 29 June 2017, referred to below as the “Annual General Meeting of Shareholders.”」
The response policy concerning large-scale purchases, amended and continued in 2017, and the Plan approved by the General Meeting of Shareholders continue to be described. - FY2018-Q3RestatedAnnual report
「In connection with the continuation of this Plan, the Company has continued to maintain an independent committee and appointed Ijuin Isao (伊集院 功), Sato Junya (佐藤順哉), Takei Yoichi (武井洋一), and Nasu Kento (那須健人) as its 4 members.」
The response policy concerning large-scale purchases and the 4-member independent committee continue to be maintained. - FY2017ReframedAnnual report
「At a meeting of the Board of Directors held on 15 May 2017, the Company resolved to continue, with the necessary amendments, its response policy concerning large-scale purchases of the Company's shares. The continuation was approved by shareholders at the Company's 68th Annual General Meeting of Shareholders held on 29 June 2017.」
The response policy concerning large-scale purchases was restructured as this Plan following amendments, and continued after approval by the Board of Directors and the General Meeting of Shareholders. - FY2017-Q3RestatedAnnual report
「In connection with the continuation of this Plan, the Company has continued to maintain an independent committee and appointed Ijuin Isao (伊集院 功), Sato Junya (佐藤順哉), Takei Yoichi (武井洋一), and Nasu Kento (那須健人) as its members.」
The response policy concerning large-scale purchases and the 4-member independent committee continue to be maintained. - FY2017-Q2RestatedAnnual report
「In connection with the continuation of this Plan, the Company has continued to maintain an independent committee and appointed Ijuin Isao (伊集院 功), Sato Junya (佐藤順哉), Takei Yoichi (武井洋一), and Nasu Kento (那須健人) as its members.」
The response policy concerning large-scale purchases and the 4-member independent committee continue to be maintained. - FY2017-Q1RestatedAnnual report
「In connection with the continuation of this Plan, the Company has continued to maintain an independent committee and appointed Ijuin Isao (伊集院 功), Sato Junya (佐藤順哉), Takei Yoichi (武井洋一), and Nasu Kento (那須健人) as its members.」
The response policy concerning large-scale purchases and the independent committee continue to be maintained. - FY2016First statedAnnual report
「At a meeting of the Board of Directors held on 11 May 2015, the Company resolved to continue, with the necessary amendments, its response policy concerning large-scale purchases of the Company's shares, which had been continued with the approval of shareholders at the Company's 64th Annual General Meeting of Shareholders held on 27 June 2013, as one measure to prevent persons deemed inappropriate under the basic policy from controlling decisions on the Company's financial and business policies. The continuation was approved by shareholders at the Company's 66th Annual General Meeting of Shareholders held on 26 June 2015.」
The response policy continues to cover acquisitions of 20% or more and combines information provision, a Board evaluation period of up to 60 or 90 days, an independent committee, and shareholder approval.