Response to Takeover Proposals and Consideration of Takeover Defense Measures
First written in FY2017-Q1. 7 of 9 entries say "Restated". Latest entry: 2026-05-26.
Nec moved to the "Worse" side of this theme in 2026.
0 other companies' latest entry also says "Reframed".
- 2026-05-26ReframedGeneral Meetings of Shareholders
「We have not currently established a policy in advance for responding if an acquisition offeror emerges. However, if an acquisition proposal is made and we determine that appropriate information cannot be obtained from the offeror, that shareholders have not been given sufficient time to make a decision on the proposal, or that the acquisition would be contrary to enhancing our corporate value and, by extension, the common interests of shareholders, we intend to promptly decide on and implement reasonable defensive measures that are necessary and appropriate, feasible at that time and acceptable to shareholders.」
The company continues not to establish a response policy in advance, while adding that it will decide on and implement reasonable defensive measures in certain circumstances. - FY2023RestatedAnnual report
「The Company has not currently established takeover defence measures in advance as a policy for responding if an acquisition bidder emerges. However, if an acquisition proposal is made and the Company is unable to obtain appropriate information from the bidder, shareholders are not given sufficient time to make a decision on the proposal, or the Company determines that the acquisition would run counter to enhancing corporate value and the common interests of shareholders, it plans to promptly determine and implement reasonable countermeasures that are feasible at that time and acceptable to shareholders.」
The policy of not establishing takeover defence measures in advance and responding to proposals based on the information available, the time available for judgement and the impact on corporate value remains in place. - FY2022RestatedAnnual report
「The Company has not currently established takeover defence measures in advance as a policy for responding if an acquisition bidder emerges. However, if an acquisition proposal is made and the Company is unable to obtain appropriate information from the bidder, shareholders are not given sufficient time to make a decision on the proposal, or the Company determines that the acquisition would run counter to enhancing corporate value and the common interests of shareholders, it plans to promptly determine and implement reasonable countermeasures that are feasible at that time and acceptable to shareholders.」
The policy of not establishing takeover defence measures in advance and responding to proposals based on the information available, the time available for judgement, corporate value and the common interests of shareholders remains in place. - FY2020-Q2RestatedAnnual report
「The Company has not currently established takeover defence measures in advance as a policy for responding if an acquisition bidder emerges. However, if an acquisition proposal is made and the Company is unable to obtain appropriate information from the bidder, shareholders are not given sufficient time to make a decision on the proposal, or the Company determines that the acquisition would run counter to enhancing corporate value and the common interests of shareholders, it plans to promptly determine and implement reasonable countermeasures that are feasible at that time and acceptable to shareholders.」
The policy of not establishing takeover defence measures in advance and responding to acquisition proposals based on the information available, the time available for judgement, corporate value and the common interests of shareholders remains in place. - FY2019RestatedAnnual report
「The Company has not currently established takeover defence measures in advance as a policy for responding if an acquisition bidder emerges. However, if an acquisition proposal is made and the Company is unable to obtain appropriate information from the bidder, shareholders are not given sufficient time to make a decision on the proposal, or the Company determines that the acquisition would run counter to enhancing corporate value and the common interests of shareholders, it plans to promptly determine and implement reasonable countermeasures that are feasible at that time and acceptable to shareholders.」
The policy of not establishing takeover defence measures in advance and responding to proposals based on the information available, the time available for judgement, corporate value and the common interests of shareholders remains in place. - FY2018-Q2RestatedAnnual report
「The Company has not currently established takeover defence measures in advance as a policy for responding if an acquisition bidder emerges. However, if an acquisition proposal is made and the Company is unable to obtain appropriate information from the bidder, shareholders are not given sufficient time to make a decision on the proposal, or the Company determines that the acquisition would run counter to enhancing corporate value and the common interests of shareholders, it plans to promptly determine and implement reasonable countermeasures that are feasible at that time and acceptable to shareholders. The Company will also consider introducing takeover defence measures in advance to counter acquisition proposals, with the aim of enhancing corporate value and the common interests of shareholders, if such measures are deemed appropriate in light of future changes in the business environment, market trends and applicable laws and regulations.」
The policy of not establishing takeover defence measures in advance and responding to acquisition proposals based on the information available, the time available for judgement and the impact on corporate value and the common interests of shareholders remains in place. - FY2017RestatedAnnual report
「The Company has not currently established takeover defence measures in advance as a policy for responding if an acquisition bidder emerges. If an acquisition proposal is made, however, it will request that the bidder provide appropriate information and assess and consider the proposal's contribution to corporate value and the common interests of shareholders.」
The policy of not establishing takeover defence measures in advance and responding to acquisition proposals based on the information available, shareholder judgement and the impact on corporate value remains in place. - FY2017-Q3RestatedAnnual report
「The Company has not currently established takeover defence measures in advance as a policy for responding if an acquisition bidder emerges. However, if an acquisition proposal is made and the Company is unable to obtain appropriate information from the bidder, shareholders are not given sufficient time to make a decision on the proposal, or the Company determines that the acquisition would run counter to enhancing corporate value and the common interests of shareholders, it plans to promptly determine and implement reasonable countermeasures that are feasible at that time and acceptable to shareholders.」
The policy of not establishing takeover defence measures in advance and responding to acquisition proposals based on the information available, the time available for judgement and the impact on corporate value remains in place. - FY2017-Q1First statedAnnual report
「The Company has not currently established takeover defence measures in advance as a policy for responding if an acquisition bidder emerges. However, if an acquisition proposal is made and the Company is unable to obtain appropriate information from the bidder, shareholders are not given sufficient time to make a decision on the proposal, or the Company determines that the acquisition would run counter to enhancing corporate value and the common interests of shareholders, it plans to promptly determine and implement reasonable countermeasures that are feasible at that time and acceptable to shareholders. The Company will also consider introducing takeover defence measures in advance to counter acquisition proposals, with the aim of enhancing corporate value and the common interests of shareholders, if such measures are deemed appropriate in light of future changes in the business environment, market trends and applicable laws and regulations.」
Although no takeover defence measures have been established in advance, the Company stated its policy of determining countermeasures in response to an acquisition proposal based on the information available, the time available for judgement and the impact on corporate value, and considering advance implementation where necessary.