Policy for Responding to Large-Scale Purchases of Shares
First written in FY2016. 10 of 13 entries say "Restated". Latest entry: FY2025-H1.
- FY2025-H1RestatedAnnual report
「There were no material changes during the interim consolidated accounting period to the basic policy regarding the manner in which persons controlling decisions on the company's financial and business policies should be determined.」
The company is reaffirming that there have been no material changes to the basic policy regarding the manner in which persons controlling decisions on the company's financial and business policies should be determined, including responses to large-scale acquisitions. - FY2024-Q1RestatedAnnual report
「There were no material changes during the first quarter of the current fiscal year to the basic policy regarding the manner in which persons controlling decisions on the company's financial and business policies should be determined.」
The company is reaffirming that there have been no material changes to the basic policy regarding the manner in which persons controlling decisions on the company's financial and business policies should be determined. - FY2023RestatedAnnual report
「The company abolished its policy for responding to large-scale acquisitions of its shares, also known as takeover defenses, upon conclusion of the 100th Annual General Meeting of Shareholders held on 22 March 2019. However, with respect to any party seeking to conduct a large-scale acquisition of the company's shares, the company will take appropriate measures in accordance with the Financial Instruments and Exchange Act, the Companies Act, and other applicable laws and regulations, including requesting the provision of the information necessary and sufficient for shareholders to appropriately determine whether the acquisition is acceptable, disclosing the opinions of the board of directors, and working to secure the time and information required for shareholders' consideration.」
The company is reaffirming its policy of securing the information and time required for shareholders to make a decision and disclosing the opinions of the board of directors in accordance with applicable laws and regulations, following the abolition of the takeover defenses. - FY2018DroppedAnnual report
「The company abolished its policy for responding to large-scale acquisitions of its shares, also known as takeover defenses, upon conclusion of the 100th Annual General Meeting of Shareholders held on 22 March 2019. However, with respect to any party seeking to conduct a large-scale acquisition of the company's shares, the company will take appropriate measures in accordance with the Financial Instruments and Exchange Act, the Companies Act, and other applicable laws and regulations, including requesting the provision of the information necessary and sufficient for shareholders to appropriately determine whether the acquisition is acceptable, disclosing the opinions of the board of directors, and working to secure the time and information required for shareholders' consideration.」
The former policy for responding to large-scale acquisitions, or takeover defenses, was abolished on 22 March 2019. Going forward, the company will secure the information and time required under applicable laws and regulations, among other measures. - FY2018-Q2RestatedAnnual report
「This Plan applies to acquisitions of shares or other securities issued by the company that would result in the holder's ownership interest reaching 20% or more, and to tender offers, or similar transactions, for shares or other securities issued by the company that would result in the total ownership interest in the securities subject to the tender offer held by the tender offeror and its specially related parties reaching 20% or more.」
The Plan for large-scale acquisitions involving an ownership interest of 20% or more, together with procedures for securing the information and time required for shareholders to make a decision and for conducting negotiations, is being reaffirmed. - FY2018-Q1RestatedAnnual report
「This Plan applies when a party emerges that conducts or proposes to conduct an acquisition of shares or other securities issued by the company that would result in the holder's ownership interest reaching 20% or more, or a tender offer, or similar transaction, for shares or other securities issued by the company that would result in the total ownership interest in the securities subject to the tender offer held by the tender offeror and its specially related parties reaching 20% or more. Such transactions are referred to below as "Acquisitions," and the parties conducting or proposing them as "Acquirers." The Plan establishes the procedures necessary to enable shareholders to determine whether to accept the relevant Acquisition, the company's board of directors to present an alternative proposal, and negotiations with Acquirers on behalf of shareholders, among other matters.」
The Plan is being reaffirmed for large-scale acquisitions involving an ownership interest of 20% or more, enabling the company to secure the information and time required for shareholders to make a decision and negotiate with the Acquirer. - FY2017-Q3RestatedAnnual report
「This Plan applies to acquisitions of shares or other securities issued by the company that would result in the holder's ownership interest reaching 20% or more, and to tender offers, or similar transactions, for shares or other securities issued by the company that would result in the total ownership interest in the securities subject to the tender offer held by the tender offeror and its specially related parties reaching 20% or more. Such transactions are referred to below as "Acquisitions."」
The policy for responding to large-scale acquisitions involving an ownership interest of 20% or more is being reaffirmed. - FY2017-Q2RestatedAnnual report
「This Plan applies to acquisitions of shares or other securities issued by the company that would result in the holder's ownership interest reaching 20% or more, and to tender offers, or similar transactions, for shares or other securities issued by the company that would result in the total ownership interest in the securities subject to the tender offer held by the tender offeror and its specially related parties reaching 20% or more. Such transactions are referred to below as "Acquisitions."」
The policy for responding to large-scale acquisitions involving an ownership interest of 20% or more is being reaffirmed. - FY2017RestatedAnnual report
「This Plan applies to acquisitions of shares or other securities issued by the company that would result in the holder's ownership interest reaching 20% or more, and to tender offers, or similar transactions, for shares or other securities issued by the company that would result in the total ownership interest in the securities subject to the tender offer held by the tender offeror and its specially related parties reaching 20% or more.」
The Plan is being reaffirmed for large-scale acquisitions involving an ownership interest of 20% or more, and provides for securing the information and time required for shareholders to make a decision, negotiations, and certain countermeasures. - FY2016-Q4RestatedAnnual report
「This Plan applies when a party emerges that conducts or proposes to conduct an acquisition of shares or other securities issued by the company that would result in the holder's ownership interest reaching 20% or more, or a tender offer, or similar transaction, for shares or other securities issued by the company that would result in the total ownership interest in the securities subject to the tender offer held by the tender offeror and its specially related parties reaching 20% or more. Such transactions are referred to below as "Acquisitions," and the parties conducting or proposing them as "Acquirers." The Plan establishes the procedures necessary to enable shareholders to determine whether to accept the relevant Acquisition, the company's board of directors to present an alternative proposal, and negotiations with Acquirers on behalf of shareholders, among other matters.」
The policy for responding to large-scale acquisitions involving an ownership interest of 20% or more is being reiterated, including provisions to secure the information and time required for shareholders to make a decision and enable negotiations. - FY2016-Q3RestatedAnnual report
「This Plan applies when a party emerges that conducts or proposes to conduct an acquisition of shares or other securities issued by the company that would result in the holder's ownership interest reaching 20% or more, or a tender offer, or similar transaction, for shares or other securities issued by the company that would result in the total ownership interest in the securities subject to the tender offer held by the tender offeror and its specially related parties reaching 20% or more. Such transactions are referred to below as "Acquisitions," and the parties conducting or proposing them as "Acquirers." The Plan establishes the procedures necessary to enable shareholders to determine whether to accept the relevant Acquisition, the company's board of directors to present an alternative proposal, and negotiations with Acquirers on behalf of shareholders, among other matters.」
The policy for responding to large-scale acquisitions involving an ownership interest of 20% or more is being reiterated, including provisions to secure the information and time required and enable negotiations. - FY2016-Q2AdvancedAnnual report
「At a meeting of its board of directors held on 12 May 2016, the company resolved to partially revise its policy for responding to large-scale acquisitions of its shares, with the aim of further securing and enhancing the company's corporate value and the common interests of its shareholders. The revision, referred to below as the "Plan," was approved by shareholders at the 97th Annual General Meeting of Shareholders held on 17 June 2016.」
The policy for responding to large-scale acquisitions progressed procedurally through a partial revision approved by the board of directors and approval at the Annual General Meeting of Shareholders. - FY2016First statedAnnual report
「This plan establishes the procedures necessary to enable shareholders to determine whether to accept an acquisition offer, or the company's board of directors to present an alternative proposal, and to negotiate with the acquirer for shareholders, when a party emerges that conducts or proposes to conduct an acquisition of shares or other securities issued by the company that would result in the holder's ownership interest reaching 20% or more, or a tender offer, or similar transaction, for shares or other securities issued by the company that would result in the total ownership interest of the tender offeror and its specially related parties reaching 20% or more.」
The plan establishes procedures for acquisitions resulting in an ownership interest of 20% or more, securing the information and time required for shareholders to make a decision and enabling negotiations.