Information Submission and Special Committee Procedures for Large-Scale Purchases of 20% or More
First written in FY2016-Q3. 1 of 2 entries say "Dropped", first in FY2016. Latest entry: FY2016.
The whole theme swung hardest in 2026: 1 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Dropped".
- FY2016DroppedAnnual report
「The effective period of this response policy ran until the conclusion of the 57th Annual General Meeting of Shareholders held on 25 November 2016, and at a Board of Directors meeting held on 7 October 2016, the Company resolved not to continue this response policy.」
The Company has explicitly stated that it will not continue its existing response policy, including the submission of information for purchases of 20% or more, the special committee and countermeasures. After its discontinuation, the Company will request information and make timely disclosures within the scope permitted by law. - FY2016-Q3First statedAnnual report
「Specifically, a purchaser seeking to purchase shares or conduct a tender offer representing 20% or more of the total number of the Company's issued shares will be required to submit the necessary information to the Company's Board of Directors in advance. Meanwhile, the Company's Board of Directors will establish a special committee consisting solely of at least 3 highly independent outside directors」
The response policy introduced in 2007 and continued with shareholder approval in 2013 is explained in terms of procedures including the submission of information for purchases of 20% or more, a special committee composed of independent outside directors and shareholder approval.