Protection of Corporate Value through Large-Scale Purchase Rules
First written in FY2016-Q3. 11 of 15 entries say "Restated". Latest entry: FY2025-H1.
- FY2025-H1RestatedAnnual report
「There were no material changes during the current interim consolidated accounting period to the basic policy regarding the person who controls decisions on the Company's financial and business policies.」
It states that there have been no material changes to the basic policy relating to responses to large-scale purchases and similar transactions. - FY2023AdvancedAnnual report
「This plan was approved by the shareholders at the 79th annual general meeting of shareholders of the Company held on 28 January 2023.」
The continuation of the policy for responding to large-scale purchases and similar transactions was approved at the annual general meeting of shareholders. The new effective period was set at 3 years, ending at the conclusion of the 82nd annual general meeting of shareholders scheduled to be held around January 2026. - FY2020-Q3RestatedAnnual report
「The objective of this plan is to secure and enhance our corporate value and the common interests of shareholders by clarifying the procedures applicable when a large-scale purchase or similar transaction involving our shares or other equity securities is conducted, securing the necessary and sufficient information and time for shareholders to make an appropriate decision, and securing an opportunity for our board of directors to negotiate with the acquirer or other party.」
It continues to describe the procedures for the large-scale purchase rules, including securing information and time for shareholders to make a decision, securing an opportunity for the board of directors to negotiate, advance information submission by the acquirer, evaluation by an independent committee, and defensive measures. The effective period is stated to be 3 years, ending at the conclusion of the 79th annual general meeting of shareholders scheduled to be held around January 2023. - FY2020-Q1RestatedAnnual report
「The objective of this plan is to secure and enhance our corporate value and the common interests of shareholders by clarifying the procedures applicable when a large-scale purchase or similar transaction involving our shares or other equity securities is conducted, securing the necessary and sufficient information and time for shareholders to make an appropriate decision, and securing an opportunity for our board of directors to negotiate with the acquirer or other party.」
It continues to describe advance information submission by the acquirer, securing the information and time necessary for shareholders to make a decision, securing an opportunity for the board of directors to negotiate, evaluation by an independent committee, and procedures for defensive measures. The effective period is stated to be 3 years, ending at the conclusion of the 79th annual general meeting of shareholders scheduled to be held around January 2023. - FY2019AdvancedAnnual report
「This plan was approved by the shareholders at the 76th annual general meeting of shareholders of the Company held on 25 January 2020.」
The continuation of the takeover defense measures was approved at the annual general meeting of shareholders, and the effective period was set at 3 years, ending at the conclusion of the 79th annual general meeting of shareholders scheduled to be held around January 2023. - FY2019-Q3RestatedAnnual report
「The objective of this plan is to secure and enhance our corporate value and the common interests of shareholders by clarifying the procedures applicable when a large-scale purchase or similar transaction involving our shares or other equity securities is conducted, securing the necessary and sufficient information and time for shareholders to make an appropriate decision, and securing an opportunity for our board of directors to negotiate with the acquirer or other party.」
It continues to describe the procedures for the large-scale purchase rules, including securing information and time for shareholders to make a decision, securing an opportunity for the board of directors to negotiate, advance information submission by the acquirer, evaluation and consideration by an independent committee, and defensive measures. The effective period is stated to be 3 years, ending at the conclusion of the 76th annual general meeting of shareholders scheduled to be held around January 2020. - FY2019-Q2RestatedAnnual report
「The objective of this plan is to secure and enhance our corporate value and the common interests of shareholders by clarifying the procedures applicable when a large-scale purchase or similar transaction involving our shares or other equity securities is conducted, securing the necessary and sufficient information and time for shareholders to make an appropriate decision, and securing an opportunity for our board of directors to negotiate with the acquirer or other party.」
It continues to describe advance information submission by the acquirer, evaluation, negotiation and presentation of alternative proposals by the board of directors, evaluation by an independent committee, and procedures for defensive measures. The effective period is stated to be 3 years, ending at the conclusion of the 76th annual general meeting of shareholders scheduled to be held around January 2020. - FY2019-Q1RestatedAnnual report
「The objective of this plan is to secure and enhance our corporate value and the common interests of shareholders by clarifying the procedures applicable when a large-scale purchase or similar transaction involving our shares or other equity securities is conducted, securing the necessary and sufficient information and time for shareholders to make an appropriate decision, and securing an opportunity for our board of directors to negotiate with the acquirer or other party.」
It continues to describe the procedures for the large-scale purchase rules, including securing information and time for shareholders to make a decision, securing an opportunity for the board of directors to negotiate, advance information submission by the acquirer, evaluation and consideration by an independent committee, and defensive measures. The effective period is stated to be 3 years, ending at the conclusion of the 76th annual general meeting of shareholders scheduled to be held around January 2020. - FY2018-Q3RestatedAnnual report
「The objective of this plan is to secure and enhance our corporate value and the common interests of shareholders by clarifying the procedures applicable when a large-scale purchase or similar transaction involving our shares or other equity securities is conducted, securing the necessary and sufficient information and time for shareholders to make an appropriate decision, and securing an opportunity for our board of directors to negotiate with the acquirer or other party.」
It continues to describe the procedures for the large-scale purchase rules, including securing information and time for shareholders to make a decision, securing an opportunity for the board of directors to negotiate, advance information submission, evaluation and consideration by an independent committee, and defensive measures. The effective period is stated to be 3 years, ending at the conclusion of the 76th annual general meeting of shareholders. - FY2018-Q1RestatedAnnual report
「The objective of this plan is to secure and enhance our corporate value and the common interests of shareholders by clarifying the procedures applicable when a large-scale purchase or similar transaction involving our shares or other equity securities is conducted, securing the necessary and sufficient information and time for shareholders to make an appropriate decision, and securing an opportunity for our board of directors to negotiate with the acquirer or other party.」
It continues to describe the large-scale purchase rules, including securing information and time for shareholders to make a decision, securing an opportunity for the board of directors to negotiate, advance information submission, and evaluation and consideration by an independent committee. The effective period is stated to be 3 years, ending at the conclusion of the 76th annual general meeting of shareholders, scheduled to be held around January 2020. - FY2017-Q3RestatedAnnual report
「The objective of this plan is to secure and enhance our corporate value and the common interests of shareholders by clarifying the procedures applicable when a large-scale purchase or similar transaction involving our shares or other equity securities is conducted, securing the necessary and sufficient information and time for shareholders to make an appropriate decision, and securing an opportunity for our board of directors to negotiate with the acquirer or other party.」
It continues to describe the large-scale purchase rules, including securing information and time for shareholders to make a decision, securing an opportunity for the board of directors to negotiate, advance information submission, and evaluation and consideration by an independent committee. - FY2017-Q2RestatedAnnual report
「The objective of this plan is to secure and enhance our corporate value and the common interests of shareholders by clarifying the procedures applicable when a large-scale purchase or similar transaction involving our shares or other equity securities is conducted, securing the necessary and sufficient information and time for shareholders to make an appropriate decision, and securing an opportunity for our board of directors to negotiate with the acquirer or other party.」
It continues to describe the large-scale purchase rules, including securing information and time for shareholders to make a decision, securing an opportunity for the board of directors to negotiate, advance information submission, and evaluation and consideration by an independent committee. - FY2017-Q1RestatedAnnual report
「This plan was approved by the shareholders at the 73rd annual general meeting of shareholders of the Company held on 28 January 2017.」
It continues to describe the framework for the large-scale purchase rules, including shareholder approval, advance information submission, evaluation, negotiation and presentation of alternative proposals by the board of directors, and consideration by an independent committee. - FY2016AdvancedAnnual report
「This plan was approved by the shareholders at the 73rd annual general meeting of shareholders of the Company held on 28 January 2017.」
The board of directors resolved to continue the large-scale purchase rules, and they were approved at the annual general meeting of shareholders. The mechanisms for an independent committee, advance information submission, and evaluation, negotiation and presentation of alternative proposals by the board of directors were continued, and the effective period was set at 3 years, ending at the conclusion of the 76th annual general meeting of shareholders. - FY2016-Q3First statedAnnual report
「This plan establishes large-scale purchase rules requiring an acquirer or other party seeking to carry out a large-scale purchase or similar transaction to submit the necessary information to our board of directors in advance, and providing a period for our board of directors to evaluate and negotiate the transaction and submit an alternative proposal.」
The rules require the acquirer to submit information and the board of directors to evaluate and negotiate the transaction and consider alternative proposals. Establishing an independent committee and securing the information and time necessary for shareholders to make a decision are also components of the framework. The effective period is 3 years, ending at the conclusion of the annual general meeting of shareholders held by 31 January 2017.