Policy for Responding to Large-Scale Purchases
First written in FY2016. 20 of 25 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The Company will work to secure and enhance its corporate value and the common interests of shareholders over the medium to long term. With respect to persons who conduct or intend to conduct large-scale purchases of the Company, the Company will, based on the “Action Guidelines for Corporate Takeovers” (Ministry of Economy, Trade and Industry, 31 August 2023), request the provision of the necessary and sufficient information for shareholders to appropriately determine whether such large-scale purchases are advisable, disclose the opinions of the Company's Board of Directors and other relevant information, and work to secure the time and information necessary for shareholders' consideration.」
The Company has reconfirmed its policy of securing the required information, the Board of Directors' opinion and the time needed for shareholders to consider the matter even after abolishing the takeover defense measures. - FY2025ReframedAnnual report
「At a meeting of the Board of Directors held on 10 April 2025, the Company resolved not to continue and to abolish the “Response Policy to Large-Scale Purchases of the Company's Shares or Other Securities (Takeover Defense Measures),” whose effective period would expire upon the conclusion of the 153rd annual general meeting of shareholders held on 25 June 2025.」
The Company has stated its decision not to continue and to abolish the former takeover defense measures covering transactions resulting in a voting rights ratio of 20% or more. Thereafter, based on the “Guidelines for Corporate Takeovers,” the Company has established a policy of responding by securing the required information and time for consideration and disclosing the Board of Directors' opinion, among other measures. - FY2024-Q3RestatedAnnual report
「This Response Policy covers the purchase of the Company's shares or other securities for the purpose of increasing the voting rights ratio of a specified shareholder group to 20% or more, or any purchase of the Company's shares or other securities that would result in the voting rights ratio of a specified shareholder group reaching 20% or more」
The Company has reiterated the response policy covering large-scale purchases resulting in a voting rights ratio of 20% or more, as well as the procedures for providing information, the evaluation period, the Corporate Value Study Committee and defensive measures. - FY2024-Q2RestatedAnnual report
「This Response Policy covers the purchase of the Company's shares or other securities for the purpose of increasing the voting rights ratio of a specified shareholder group to 20% or more, or any purchase of the Company's shares or other securities that would result in the voting rights ratio of a specified shareholder group reaching 20% or more」
The Company has reiterated the response policy covering large-scale purchases resulting in a voting rights ratio of 20% or more, as well as the procedures for providing information, the evaluation period, the Corporate Value Study Committee and defensive measures. - FY2024-Q1RestatedAnnual report
「This Response Policy covers the purchase of the Company's shares or other securities for the purpose of increasing the voting rights ratio of a specified shareholder group to 20% or more, or any purchase of the Company's shares or other securities that would result in the voting rights ratio of a specified shareholder group reaching 20% or more」
The Company has reiterated the response policy covering large-scale purchases resulting in a voting rights ratio of 20% or more, as well as the procedures for providing information, the evaluation period and defensive measures. - FY2023-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 11 May 2022, the Company resolved to continue the “Response Policy to Large-Scale Purchases of the Company's Shares or Other Securities” (the “Response Policy”) in light of the basic policy concerning control of the Company described in Section I.」
The Company has reiterated the Board of Directors' resolution of 11 May 2022 to continue the response policy, as well as the procedures applicable to transactions resulting in a voting rights ratio of 20% or more. - FY2023-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 11 May 2022, the Company resolved to continue the “Response Policy to Large-Scale Purchases of the Company's Shares or Other Securities” (the “Response Policy”) in light of the basic policy concerning control of the Company described in Section I.」
The Company has reiterated the Board of Directors' resolution of 11 May 2022 to continue the response policy, as well as the procedures applicable to transactions resulting in a voting rights ratio of 20% or more. - FY2023-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 11 May 2022, the Company resolved to continue the “Response Policy to Large-Scale Purchases of the Company's Shares or Other Securities” (the “Response Policy”) in light of the basic policy concerning control of the Company described in Section I.」
The Company has reiterated the Board of Directors' resolution of 11 May 2022 to continue the response policy for large-scale purchases, as well as the procedures applicable to transactions resulting in a voting rights ratio of 20% or more. - FY2022AdvancedAnnual report
「At a meeting of the Board of Directors held on 11 May 2022, the Company decided to partially revise the “Basic Policy Concerning the Form of Persons Controlling Decisions on the Company's Financial and Business Policies,” as prescribed in the Ordinance for Enforcement of the Companies Act, and to continue the response policy for purchases of the Company's shares or other securities intended to increase the voting rights ratio of a specified shareholder group to 20% or more, after partially revising its contents. The Company submitted a proposal for approval of the continuation of this Response Policy to the 150th annual general meeting of shareholders held on 24 June 2022, where it was approved.」
The Company continued the response policy for large-scale purchases after partially revising it and obtained approval at the annual general meeting of shareholders in June 2022. - FY2022-Q3RestatedAnnual report
「This Response Policy covers the purchase of the Company's shares or other securities for the purpose of increasing the voting rights ratio of a specified shareholder group to 20% or more, or any purchase of the Company's shares or other securities that would result in the voting rights ratio of a specified shareholder group reaching 20% or more」
The Company has reiterated the response policy covering large-scale purchases resulting in a voting rights ratio of 20% or more, as well as the procedures for providing information, evaluation by the Board of Directors and defensive measures. - FY2022-Q2RestatedAnnual report
「This Response Policy covers the purchase of the Company's shares or other securities for the purpose of increasing the voting rights ratio of a specified shareholder group to 20% or more, or any purchase of the Company's shares or other securities that would result in the voting rights ratio of a specified shareholder group reaching 20% or more」
The Company has reiterated the response policy covering large-scale purchases resulting in a voting rights ratio of 20% or more, as well as the procedures for providing information, evaluation by the Board of Directors and defensive measures. - FY2022-Q1RestatedAnnual report
「This Response Policy covers the purchase of the Company's shares or other securities for the purpose of increasing the voting rights ratio of a specified shareholder group to 20% or more, or any purchase of the Company's shares or other securities that would result in the voting rights ratio of a specified shareholder group reaching 20% or more」
The Company has reiterated the response policy covering large-scale purchases resulting in a voting rights ratio of 20% or more, as well as the procedures for providing information, evaluation by the Board of Directors and defensive measures. - FY2021-Q3RestatedAnnual report
「This Response Policy covers the purchase of the Company's shares or other securities for the purpose of increasing the voting rights ratio of a specified shareholder group to 20% or more, or any purchase of the Company's shares or other securities that would result in the voting rights ratio of a specified shareholder group reaching 20% or more」
The Company has reiterated the response policy covering large-scale purchases resulting in a voting rights ratio of 20% or more, as well as the procedures for providing information, the evaluation period and defensive measures. - FY2021-Q2RestatedAnnual report
「This Response Policy covers the purchase of the Company's shares or other securities for the purpose of increasing the voting rights ratio of a specified shareholder group to 20% or more, or any purchase of the Company's shares or other securities that would result in the voting rights ratio of a specified shareholder group reaching 20% or more, regardless of the specific purchase method, including market transactions and tender offers, except for purchases by a person whose purchase has been approved in advance by the Company's Board of Directors.」
The Company has reiterated the response policy covering large-scale purchases resulting in a voting rights ratio of 20% or more. - FY2020-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 9 May 2019, the Company resolved to continue the “Response Policy to Large-Scale Purchases of the Company's Shares or Other Securities” (the “Response Policy”) in light of the basic policy concerning control of the Company described in Section I.」
The Company has reiterated the continuation of the response policy for large-scale purchases. The policy covers transactions resulting in a voting rights ratio of 20% or more and remains effective until the conclusion of the annual general meeting of shareholders relating to the fiscal year ending within 3 years of the shareholders meeting held on 26 June 2019. - FY2019AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 May 2019, the Company decided to partially revise the “Basic Policy Concerning the Form of Persons Controlling Decisions on the Company's Financial and Business Policies,” as prescribed in the Ordinance for Enforcement of the Companies Act, and to continue the response policy for purchases of the Company's shares or other securities intended to increase the voting rights ratio of a specified shareholder group to 20% or more, after partially revising its contents. The Company submitted a proposal for approval of the continuation of this Response Policy to the 147th annual general meeting of shareholders held on 26 June 2019, where it was approved.」
The Board of Directors decided to continue the response policy covering transactions resulting in a voting rights ratio of 20% or more after partially revising its contents, and obtained approval at the annual general meeting of shareholders. - FY2019-Q3RestatedAnnual report
「This Response Policy covers the purchase of the Company's shares or other securities for the purpose of increasing the voting rights ratio of a specified shareholder group to 20% or more, or any purchase of the Company's shares or other securities that would result in the voting rights ratio of a specified shareholder group reaching 20% or more」
The Company has reiterated the continuation of the response policy covering large-scale purchases resulting in a voting rights ratio of 20% or more. - FY2019-Q2RestatedAnnual report
「This Response Policy covers the purchase of the Company's shares or other securities for the purpose of increasing the voting rights ratio of a specified shareholder group to 20% or more, or any purchase of the Company's shares or other securities that would result in the voting rights ratio of a specified shareholder group reaching 20% or more」
The Company has reiterated the response policy covering large-scale purchases resulting in a voting rights ratio of 20% or more. - FY2018RestatedAnnual report
「The purchase of the Company's shares or other securities for the purpose of increasing the voting rights ratio of a specified shareholder group to 20% or more, or any purchase of the Company's shares or other securities that would result in the voting rights ratio of a specified shareholder group reaching 20% or more」
The Company has reiterated the continuation of the response policy covering large-scale purchases resulting in a voting rights ratio of 20% or more. - FY2018-Q3RestatedAnnual report
「This Response Policy covers the purchase of the Company's shares or other securities for the purpose of increasing the voting rights ratio of a specified shareholder group to 20% or more, or any purchase of the Company's shares or other securities that would result in the voting rights ratio of a specified shareholder group reaching 20% or more」
The Company has reiterated the continuation of the response policy covering large-scale purchases resulting in a voting rights ratio of 20% or more. - FY2018-Q2RestatedAnnual report
「This Response Policy covers the purchase of the Company's shares or other securities for the purpose of increasing the voting rights ratio of a specified shareholder group to 20% or more, or any purchase of the Company's shares or other securities that would result in the voting rights ratio of a specified shareholder group reaching 20% or more」
The Company has reiterated the continuation of the response policy covering large-scale purchases resulting in a voting rights ratio of 20% or more. - FY2017-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 13 May 2016, the Company resolved to continue the “Response Policy to Large-Scale Purchases of the Company's Shares or Other Securities” (the “Response Policy”) in light of the basic policy concerning control of the Company described in Section I.」
The Company has reiterated the continuation of the response policy for large-scale purchases and the rules applicable to transactions resulting in a voting rights ratio of 20% or more. - FY2017-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 13 May 2016, the Company resolved to continue the “Response Policy to Large-Scale Purchases of the Company's Shares or Other Securities” (the “Response Policy”) in light of the basic policy concerning control of the Company described in Section I.」
The Company has reiterated the continuation of the response policy for large-scale purchases and the rules applicable to transactions resulting in a voting rights ratio of 20% or more. - FY2017-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 13 May 2016, the Company resolved to continue the “Response Policy to Large-Scale Purchases of the Company's Shares or Other Securities” (the “Response Policy”) in light of the basic policy concerning control of the Company described in Section I.」
The Board of Directors resolved to continue the response policy for large-scale purchases, and it was approved at the annual general meeting of shareholders held on 28 June 2016. Following approval, the policy was to remain effective until the conclusion of the annual general meeting of shareholders relating to the final fiscal year ending within 3 years. - FY2016First statedAnnual report
「The purchase of the Company's shares or other securities for the purpose of increasing the voting rights ratio of a specified shareholder group to 20% or more, or any purchase of the Company's shares or other securities that would result in the voting rights ratio of a specified shareholder group reaching 20% or more」
The Company continues to apply a response policy combining the provision of required information, an evaluation period for the Board of Directors, the Corporate Value Study Committee and a general meeting of shareholders in connection with large-scale purchases that would result in a voting rights ratio of 20% or more.