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Citizen Watch (7762) · InitiativeDropped

Policy for Responding to Large-Scale Purchases

First written in FY2016. 7 of 10 entries say "Restated". Latest entry: FY2020-Q1.

10entries
4years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q2 – FY2020-Q12016: 320162017: 320172018: 220182019: 22019
Same theme, other companies
Non-continuation and abolition of takeover defense measuresA theme 51 companies write about · 0 as a headwind · 2 as a tailwind

The whole theme swung hardest in 2023: 1 of 6 companies on the "Worse" side.

35 other companies' latest entry also says "Dropped".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 51 companies compared. The sentences above are computed from all 51.
Full recordFilings, disclosures and news, newest first
  1. FY2020-Q1DroppedAnnual report

    「As the effective period of the Policy was due to expire at the conclusion of the 134th Annual General Meeting of Shareholders held on 26 June 2019, the company carefully considered changes in the external environment, including the views of shareholders, particularly institutional investors in Japan and overseas, and recent developments concerning takeover defense measures. As a result, the Board of Directors, at its meeting held on 28 May 2019, resolved not to continue the Policy upon expiry of its effective period.」

    It was decided that the policy for responding to large-scale acquisitions would not be continued after its effective period expired in June 2019.
  2. FY2019-Q3RestatedAnnual report

    「The acquisitions covered by this policy are acquisitions and other actions involving the company's shares that would cause the voting rights ratio of a specific shareholder group to reach 20% or more.」

    The company restates a policy covering acquisitions that would result in a voting rights ratio of 20% or more and including the provision of information, an evaluation period, recommendations by the independent committee and gratis allotments of stock acquisition rights.
  3. FY2019-Q2RestatedAnnual report

    「The acquisitions covered by this policy are acquisitions and other actions involving the company's shares that would cause the voting rights ratio of a specific shareholder group to reach 20% or more.」

    The company restates a policy covering acquisitions that would result in a voting rights ratio of 20% or more and including the provision of information in advance, an evaluation period, recommendations by the independent committee and gratis allotments of stock acquisition rights.
  4. FY2018-Q3RestatedAnnual report

    「The acquisitions covered by this policy are acquisitions and other actions involving the company's shares that would cause the voting rights ratio of a specific shareholder group to reach 20% or more.」

    The company restates a policy covering acquisitions that would result in a voting rights ratio of 20% or more and including the provision of information, an evaluation period, recommendations by the independent committee and gratis allotments of stock acquisition rights.
  5. FY2018-Q2RestatedAnnual report

    「The acquisitions covered by the Policy are acquisitions and other actions involving the company's shares that would cause the voting rights ratio of a specific shareholder group to reach 20% or more. The effective period of the Policy runs from the conclusion of the 131st Annual General Meeting of Shareholders held on 28 June 2016 until the conclusion of the Annual General Meeting of Shareholders relating to the last fiscal year ending within 3 years of that date.」

    The company restates a policy covering acquisitions that would result in a voting rights ratio of 20% or more and including the provision of information, an evaluation period, recommendations by the independent committee and gratis allotments of stock acquisition rights.
  6. FY2018-Q1RestatedAnnual report

    「The acquisitions covered by the Policy are acquisitions and other actions involving the company's shares that would cause the voting rights ratio of a specific shareholder group to reach 20% or more. The effective period of the Policy runs from the conclusion of the 131st Annual General Meeting of Shareholders held on 28 June 2016 until the conclusion of the Annual General Meeting of Shareholders relating to the last fiscal year ending within 3 years of that date.」

    The company restates a policy covering acquisitions that would result in a voting rights ratio of 20% or more, together with an effective period of approximately 3 years.
  7. FY2017-Q3RestatedAnnual report

    「The effective period of the Policy runs from the conclusion of the 131st Annual General Meeting of Shareholders held on 28 June 2016 until the conclusion of the Annual General Meeting of Shareholders relating to the last fiscal year ending within 3 years of that date.」

    The company restates a policy for responding to acquisitions of 20% or more, including recommendations by the independent committee and gratis allotments of stock acquisition rights, together with an effective period of approximately 3 years.
  8. FY2017-Q2RestatedAnnual report

    「The effective period of the Policy runs from the conclusion of the 131st Annual General Meeting of Shareholders held on 28 June 2016 until the conclusion of the Annual General Meeting of Shareholders relating to the last fiscal year ending within 3 years of that date.」

    The policy for responding to large-scale acquisitions covers acquisitions of 20% or more and restates procedures including recommendations by the independent committee and gratis allotments of stock acquisition rights, as well as an effective period of approximately 3 years.
  9. FY2017-Q1AdvancedAnnual report

    「As the effective period of the former policy was due to expire at the conclusion of the 131st Annual General Meeting of Shareholders held on 28 June 2016, the Board of Directors, at its meeting held on 26 May of the same year, resolved again on the basic policy described in (1). At the 131st Annual General Meeting of Shareholders held on 28 June of the same year, shareholders approved the renewal of the former policy with certain amendments, following careful consideration of the views of shareholders, including institutional investors in Japan and overseas, and recent developments concerning takeover defense measures. The amended policy is referred to below as the “Policy.”」

    The policy for responding to large-scale acquisitions was renewed following a resolution by the Board of Directors and approval at the Annual General Meeting of Shareholders.
  10. FY2016First statedAnnual report

    「The acquisitions covered by this policy are acquisitions and other actions involving the company's shares that would cause the voting rights ratio of a specific shareholder group to reach 20% or more.」

    For acquisitions of 20% or more, the policy establishes procedures including the provision of information in advance, an evaluation period, recommendations by the independent committee and gratis allotments of stock acquisition rights. The policy has a maximum effective period of approximately 3 years.
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Policy for Responding to Large-Scale Purchases | Citizen Watch Co.,Ltd. (7762) | Komori