Response to Purchases Exceeding 20% Through Information Disclosure, Evaluation and a Special Committee
First written in FY2017-Q1. 8 of 11 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2025: 8 of 56 companies on the "Worse" side.
- FY2020DroppedAnnual report
「We continued to maintain takeover defense measures after introducing the “Policy for Responding to Large-Scale Purchases of Our Shares (Takeover Defense Measures)” at the annual shareholders’ meeting for the 83rd fiscal year held on 29 June 2006. However, having determined that the need for the measures had relatively declined, we discontinued them rather than renewing them at the conclusion of the annual shareholders’ meeting for the 97th fiscal year held on 25 June 2020, when their effective period expired.」
The former takeover defense measures against large-scale purchases exceeding 20% were discontinued at the conclusion of the annual shareholders’ meeting held on 25 June 2020. - FY2019-Q3RestatedAnnual report
「In June 2006, we established rules concerning purchases or tender offers for shares exceeding 20% of our total issued shares as the “Policy for Responding to Large-Scale Purchases (Takeover Defense Measures),” and subsequently updated the policy with partial revisions. The policy approved at the annual shareholders’ meeting held on 28 June 2017 is referred to below as the “Policy.”」
The policy applicable to purchases exceeding 20%, advance information provision, evaluation by the board of directors, the special committee and the mechanism for confirming shareholders’ intentions continue to be disclosed. - FY2019-Q1RestatedAnnual report
「In June 2006, we established rules concerning purchases or tender offers for shares exceeding 20% of our total issued shares as the “Policy for Responding to Large-Scale Purchases (Takeover Defense Measures),” and subsequently updated the policy with partial revisions. The policy approved at the annual shareholders’ meeting held on 28 June 2017 is referred to below as the “Policy.”」
The policy applicable to purchases exceeding 20%, advance information provision, evaluation by the board of directors, the special committee and the mechanism for confirming shareholders’ intentions continue to be disclosed. - FY2018RestatedAnnual report
「In June 2006, we established rules concerning purchases or tender offers for shares exceeding 20% of our total issued shares as the “Policy for Responding to Large-Scale Purchases (Takeover Defense Measures),” and subsequently updated the policy with partial revisions. The policy approved at the annual shareholders’ meeting held on 28 June 2017 is referred to below as the “Policy.”」
The policy applicable to purchases exceeding 20%, advance information provision, evaluation by the board of directors, the special committee and the mechanism for confirming shareholders’ intentions continue to be disclosed. - FY2018-Q3RestatedAnnual report
「In June 2006, we established rules concerning purchases or tender offers for shares exceeding 20% of our total issued shares as the “Policy for Responding to Large-Scale Purchases (Takeover Defense Measures),” and the annual shareholders’ meetings held on 26 June 2014 and 28 June 2017 each approved an updated version with partial revisions.」
The policy applicable to purchases exceeding 20%, evaluation by the board of directors, recommendations by a special committee and the mechanism for confirming shareholders’ intentions continue to be disclosed. - FY2018-Q2RestatedAnnual report
「In June 2006, we established rules concerning purchases or tender offers for shares exceeding 20% of our total issued shares as the “Policy for Responding to Large-Scale Purchases (Takeover Defense Measures),” and the annual shareholders’ meetings held on 26 June 2014 and 28 June 2017 each approved an updated version with partial revisions.」
The policy applicable to purchases exceeding 20% and the revised and updated provisions approved on 28 June 2017 continue to be disclosed. - FY2018-Q1RestatedAnnual report
「In June 2006, we established rules concerning purchases or tender offers for shares exceeding 20% of our total issued shares as the “Policy for Responding to Large-Scale Purchases (Takeover Defense Measures),” and the annual shareholders’ meetings held on 26 June 2014 and 28 June 2017 each approved an updated version with partial revisions.」
The policy applicable to purchases exceeding 20% and the revised provisions approved at the annual shareholders’ meeting held on 28 June 2017 continue to be disclosed. - FY2017AdvancedAnnual report
「In June 2006, we established rules concerning purchases or tender offers for shares exceeding 20% of our total issued shares as the “Policy for Responding to Large-Scale Purchases (Takeover Defense Measures),” and the annual shareholders’ meetings held on 26 June 2014 and 28 June 2017 each approved an updated version with partial revisions.」
The revised and updated policy applicable to purchases exceeding 20% was approved at the annual shareholders’ meeting held on 28 June 2017. - FY2017-Q3RestatedAnnual report
「In June 2006, we established rules governing purchases of shares or tender offers that would result in the purchaser holding more than 20% of our total issued shares, under the “Policy for Responding to Large-Scale Purchases of Shares (Takeover Defense Measures).” The policy was renewed, with partial revisions, following approval at the ordinary general meeting of shareholders held on 26 June 2014.」
The framework applicable to purchases exceeding 20%, including takeover defense measures, advance information provision, evaluation by the board of directors and recommendations by a special committee, has been restated without change. - FY2017-Q2RestatedAnnual report
「In June 2006, we established rules governing purchases of shares or tender offers that would result in the purchaser holding more than 20% of our total issued shares, under the “Policy for Responding to Large-Scale Purchases of Shares (Takeover Defense Measures).” The policy was renewed, with partial revisions, following approval at the ordinary general meeting of shareholders held on 26 June 2014.」
The framework for the takeover defense measures applicable to purchases exceeding 20%, including information provision, evaluation by the board of directors and recommendations by a special committee, has been restated without change. - FY2017-Q1First statedAnnual report
「In June 2006, we established rules governing purchases of shares or tender offers that would result in the purchaser holding more than 20% of our total issued shares, under the “Policy for Responding to Large-Scale Purchases of Shares (Takeover Defense Measures).” The policy was renewed, with partial revisions, following approval at the ordinary general meeting of shareholders held on 26 June 2014.」
The response framework for purchases exceeding 20% combines advance information disclosure, evaluation and public statements by the Board of Directors, and recommendations by an independent special committee.