Responding to Large-Scale Purchases Based on Corporate Value and the Common Interests of Shareholders
First written in FY2017-Q1. 9 of 10 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 2 of 16 companies on the "Worse" side.
41 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「We do not categorically oppose a large-scale purchase of our shares if it contributes to our corporate value and, consequently, to the common interests of our shareholders. We believe that the decision as to whether to accept a purchase proposal involving a transfer of control of a company should ultimately be based on the will of all shareholders.」
The policy on responding to large-scale purchases has been reconfirmed: the standard will be corporate value and the common interests of shareholders, with the final decision based on the will of all shareholders. - FY2019-Q3RestatedAnnual report
「We do not categorically oppose a large-scale purchase of our shares if it contributes to our corporate value and, consequently, to the common interests of our shareholders. We believe that the decision as to whether to accept a purchase proposal involving a transfer of control of a company should ultimately be based on the will of all shareholders.」
The policy on responding to large-scale purchases has been reconfirmed: the standard will be corporate value and the common interests of shareholders, with the final decision based on the will of all shareholders. - FY2018RestatedAnnual report
「The company does not categorically oppose even a large-scale purchase of its shares if it contributes to the company's corporate value and, consequently, the common interests of its shareholders.」
The policy of assessing responses to large-scale purchases based on corporate value and the common interests of shareholders has been reiterated. - FY2018-Q3RestatedAnnual report
「The company does not categorically oppose even a large-scale purchase of its shares if it contributes to the company's corporate value and, consequently, the common interests of its shareholders.」
The policy of assessing responses to large-scale purchases based on corporate value and the common interests of shareholders has been reiterated. - FY2018-Q2RestatedAnnual report
「The company does not categorically oppose even a large-scale purchase of its shares if it contributes to the company's corporate value and, consequently, the common interests of its shareholders.」
The policy of assessing responses to large-scale purchases based on corporate value and the common interests of shareholders has been reiterated. - FY2018-Q1RestatedAnnual report
「The company does not categorically oppose even a large-scale purchase of its shares if it contributes to the company's corporate value and, consequently, the common interests of its shareholders.」
The policy on responding to large-scale purchases based on corporate value and the common interests of shareholders has been reiterated. - FY2017RestatedAnnual report
「The company does not categorically oppose even a large-scale purchase of its shares if it contributes to the company's corporate value and, consequently, the common interests of its shareholders.」
The policy on responding to large-scale purchases has been reiterated: decisions will be based on corporate value and the common interests of shareholders, while the necessary information and time will be secured. - FY2017-Q3RestatedAnnual report
「We believe that the party controlling decisions on our financial and business policies must fully understand the content of our finances and business and the sources of our corporate value, and must be capable of continuously and sustainably securing and enhancing our corporate value and, consequently, the interests of our shareholders.」
The basic approach to responding to large-scale purchases based on corporate value and shareholder interests has been reiterated. - FY2017-Q2RestatedAnnual report
「We believe that the party controlling decisions on our financial and business policies must fully understand the content of our finances and business and the sources of our corporate value, and must be capable of continuously and sustainably securing and enhancing our corporate value and, consequently, the interests of our shareholders.」
The basic approach to responding to large-scale purchases based on corporate value and shareholder interests has been reiterated. - FY2017-Q1First statedAnnual report
「However, many large-scale purchases of shares do not contribute to the corporate value of the target company or, consequently, to the common interests of its shareholders. Unless a party making a large-scale purchase of our shares understands the sources of our corporate value and secures and enhances them over the medium to long term, our corporate value and, consequently, the common interests of our shareholders will be impaired. We believe that a party making a large-scale purchase of our shares that does not contribute to our corporate value or the common interests of our shareholders is inappropriate as a party controlling decisions on our financial and business policies. Accordingly, in response to such a party’s large-scale purchase of our shares, we will take appropriate measures within the scope permitted by the Financial Instruments and Exchange Act, the Companies Act and other laws and regulations, as well as our Articles of Incorporation, to secure our corporate value and the common interests of our shareholders. These measures include requiring the provision of necessary and sufficient information, making timely and appropriate disclosures, and seeking to secure the information and time necessary for shareholders to make an appropriate decision as to whether to accept the purchase.」
The policy states that the merits of a large-scale purchase will be assessed based on corporate value and the common interests of shareholders, with measures including requesting information, making disclosures and securing the time necessary for shareholders to reach a decision.