Risk of Corporate Value Impairment from Large-Scale Purchases Seeking Short-Term Gains
First written in FY2016-Q3. 1 of 2 entries say "Restated". Latest entry: FY2016.
The whole theme swung hardest in 2025: 3 of 26 companies on the "Worse" side.
87 other companies' latest entry also says "Restated".
- FY2016RestatedAnnual report
「If a large-scale acquirer has no long-term management intentions or plans and is pursuing only a temporary increase in returns, may effectively pressure shareholders to sell their shares, or has other circumstances such as unjustified or unclear reasons for the acquisition proposal or methods of acquisition, the company believes that the acquisition could impair corporate value and would not serve the common interests of shareholders.」
The company continues to explain the possibility that a large-scale acquisition aimed at short-term returns could impair corporate value and the common interests of shareholders. - FY2016-Q3First statedAnnual report
「If a large-scale acquirer has no long-term management intentions or plans and is pursuing only a temporary increase in returns, may effectively pressure shareholders to sell their shares, or has other circumstances such as unjustified or unclear reasons for the acquisition proposal or methods of acquisition, the company believes that the acquisition could impair corporate value and would not serve the common interests of shareholders.」
The company explains that a purchase of shares resulting in a voting rights ratio of 20% or more could impair corporate value if it is motivated by short-term returns or involves pressuring shareholders to sell.