Approach to Takeover Proposals Based on Corporate Value and the Common Interests of Shareholders
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2021.
15 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「At present, the company has not established so-called “takeover defense measures” in advance. However, as a responsibility of those entrusted by shareholders with managing the company, we maintain a strong interest in the status of trading in and changes in ownership of the company’s shares, formulate a contingency plan for emergencies, and, if a party seeking to acquire a large number of the company’s shares emerges, organize a project team including outside experts to assess the acquisition proposal and negotiate with the acquirer. If it is determined that the proposal does not contribute to the company’s corporate value or the common interests of shareholders, we will promptly determine whether specific countermeasures are necessary and what form they should take, and establish a system for implementing the measures we consider most appropriate.」
The company has reiterated its policy of not establishing takeover defense measures in advance, while assessing proposals through a project team that includes outside experts in the event of an emergency and responding based on corporate value and the common interests of shareholders. - FY2018RestatedAnnual report
「At present, the company has not established so-called “takeover defense measures” in advance. However, as a responsibility of those entrusted by shareholders with managing the company, we maintain a strong interest in the status of trading in and changes in ownership of the company’s shares, formulate a contingency plan for emergencies, and, if a party seeking to acquire a large number of the company’s shares emerges, organize a project team including outside experts to assess the acquisition proposal and negotiate with the acquirer. If it is determined that the proposal does not contribute to the company’s corporate value or the common interests of shareholders, we will promptly determine whether specific countermeasures are necessary and what form they should take, and establish a system for implementing the measures we consider most appropriate.」
The company has reiterated its policy of not establishing takeover defense measures in advance, while assessing acquisition proposals through a project team that includes outside experts in the event of an emergency and determining necessary measures. - FY2016First statedAnnual report
「At present, the company has not established so-called “takeover defense measures” in advance. However, as a responsibility of those entrusted by shareholders with managing the company, we maintain a strong interest in the status of trading in and changes in ownership of the company’s shares, while formulating a contingency plan for emergencies and」
While it does not establish takeover defense measures in advance, the company has stated that if a party seeks to acquire a large stake, it will assess and negotiate through a project team that includes outside experts and determine any necessary countermeasures.