Takeover Defense Measures to Secure Information and Time for Shareholder Decisions
First written in FY2017-Q1. 2 of 5 entries say "Restated". Latest entry: FY2023.
Shimadzu moved to the "Worse" side of this theme in 2023.
The whole theme swung hardest in 2026: 1 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2023ReframedAnnual report
「We abolished our takeover defense measures upon the conclusion of the 154th Annual General Meeting of Shareholders held on 29 June 2017. However, if a large-scale acquisition of our shares is undertaken, we will take appropriate measures, including actively collecting and providing information in compliance with the Financial Instruments and Exchange Act and securing time for shareholders to review the matter.」
The former takeover defense measures remain abolished, while the response to large-scale acquisitions has been organized around gathering and providing information and securing time for shareholders to consider the matter. - FY2017DroppedAnnual report
「At a meeting of the Board of Directors held on 27 April 2017, the company resolved not to continue the Plan after the expiration of its effective period and to abolish it.」
The company has disclosed a resolution to discontinue, rather than continue after the expiry of its effective period, its takeover defense measure covering purchases of 20% or more. - FY2017-Q3RestatedAnnual report
「The purpose of this plan is to secure and enhance our corporate value and, consequently, the common interests of shareholders. If an acquisition of 20% or more of our shares or other securities, a similar transaction, or a proposal for such an action is made, the plan establishes procedures requiring the acquirer to (i) provide necessary and sufficient information about the proposed acquisition in advance, (ii) allow time to collect and examine information concerning the acquisition, and (iii) present shareholders with management’s plans or alternative proposals and negotiate with the acquirer.」
The takeover defense measures covering purchases of 20% or more, and stipulating the provision of information, securing time for review, and the presentation and negotiation of alternative proposals, have continued. - FY2017-Q2RestatedAnnual report
「The purpose of this plan is to secure and enhance our corporate value and, consequently, the common interests of shareholders. If an acquisition of 20% or more of our shares or other securities, a similar transaction, or a proposal for such an action is made, the plan establishes procedures requiring the acquirer to (i) provide necessary and sufficient information about the proposed acquisition in advance, (ii) allow time to collect and examine information concerning the acquisition, and (iii) present shareholders with management’s plans or alternative proposals and negotiate with the acquirer.」
The takeover defense measures covering purchases of 20% or more, together with procedures for providing information, securing time for review and presenting alternative proposals, have continued. - FY2017-Q1First statedAnnual report
「The purpose of this plan is to secure and enhance our corporate value and, consequently, the common interests of shareholders. If an acquisition of 20% or more of our shares or other securities, a similar transaction, or a proposal for such an action is made, the plan establishes procedures requiring the acquirer to (i) provide necessary and sufficient information about the proposed acquisition in advance, (ii) allow time to collect and examine information concerning the acquisition, and (iii) present shareholders with management’s plans or alternative proposals and negotiate with the acquirer.」
The plan applies to acquisitions of 20% or more and establishes procedures for information provision, securing review time, presenting alternatives, and negotiations. Its effective period ran until the close of the annual shareholders’ meeting for the last fiscal year ending within three years of the annual shareholders’ meeting held on 27 June 2014.