Large-Scale Acquisition Activity That Could Impair Corporate Value and the Common Interests of Shareholders
First written in FY2016. 16 of 17 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 3 of 27 companies on the "Worse" side.
88 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「However, we believe that a party conducting a large-scale purchase of shares, etc. that would harm, or is highly likely to harm, the corporate value of the Group or the common interests of shareholders is not suitable to control decisions concerning the Group’s financial and business policies.」
Even after the takeover defense measures themselves were discontinued, the company has maintained its basic stance of being alert to large-scale purchases that could harm corporate value or the common interests of shareholders, as well as its policy of securing information and time for shareholders. - FY2023RestatedAnnual report
「If a large-scale purchase of shares, etc. that could harm the corporate value of the Group or the common interests of shareholders is conducted, we will request that the party conducting the purchase provide the time and information necessary and sufficient for shareholders to make an appropriate decision on the merits of the purchase, and will take measures that are available and deemed appropriate at that time, to the extent permitted by the Financial Instruments and Exchange Act, the Companies Act, and other applicable laws and regulations.」
While the takeover defense measures have been discontinued, the policy for responding to large-scale purchases that could harm corporate value or the common interests of shareholders remains in place. - FY2020-Q3RestatedAnnual report
「The measures apply to purchases of the company’s issued shares, etc. that result in the holder’s ownership ratio of shares, etc. reaching 20% or more.」
The company has reiterated the 20% or more threshold for large-scale purchases subject to the takeover defense measures. - FY2020-Q2RestatedAnnual report
「The measures apply to purchases of the company’s issued shares, etc. that result in the holder’s ownership ratio of shares, etc. reaching 20% or more.」
The company has reiterated the 20% or more threshold for large-scale purchases subject to the takeover defense measures. - FY2020-Q1RestatedAnnual report
「However, we believe that a party conducting a large-scale purchase of shares, etc. that would harm, or is highly likely to harm, the corporate value of the Group or the common interests of shareholders is not suitable to control decisions concerning the Group’s financial and business policies.」
The company has reiterated its basic policy of deeming inappropriate any large-scale purchase that is highly likely to harm corporate value or the common interests of shareholders. - FY2019-Q3RestatedAnnual report
「The measures apply to purchases of the company’s issued shares, etc. that result in the holder’s ownership ratio of shares, etc. reaching 20% or more.」
The company has reiterated the 20% or more threshold for large-scale purchases subject to the takeover defense measures. - FY2019-Q2RestatedAnnual report
「The measures apply to purchases of the company’s issued shares, etc. that result in the holder’s ownership ratio of shares, etc. reaching 20% or more.」
The company has reiterated the 20% or more threshold for large-scale purchases subject to the takeover defense measures. - FY2019-Q1RestatedAnnual report
「The measures apply to purchases of the company’s issued shares, etc. that result in the holder’s ownership ratio of shares, etc. reaching 20% or more.」
The company has reiterated the 20% or more threshold for large-scale purchases subject to the takeover defense measures. - FY2018RestatedAnnual report
「The measures apply to purchases of the company’s issued shares, etc. that result in the holder’s ownership ratio of shares, etc. reaching 20% or more.」
The company has reiterated that the takeover defense measures apply to large-scale purchases resulting in an ownership ratio of 20% or more. - FY2018-Q3RestatedAnnual report
「The measures apply to purchases of the company’s issued shares, etc. that result in the holder’s ownership ratio of shares, etc. reaching 20% or more.」
The company has reiterated the 20% or more threshold for large-scale purchases subject to the takeover defense measures. - FY2018-Q2RestatedAnnual report
「The measures apply to purchases of the company’s issued shares, etc. that result in the holder’s ownership ratio of shares, etc. reaching 20% or more.」
The company has reiterated the 20% or more threshold for large-scale purchases subject to the takeover defense measures. - FY2018-Q1RestatedAnnual report
「The measures apply to purchases of the company’s issued shares, etc. that result in the holder’s ownership ratio of shares, etc. reaching 20% or more.」
The company has reiterated the 20% or more threshold for large-scale purchases subject to the takeover defense measures. - FY2017RestatedAnnual report
「The measures apply to purchases of the company’s issued shares, etc. that result in the holder’s ownership ratio of shares, etc. reaching 20% or more.」
The company has reiterated the 20% or more threshold for large-scale purchases subject to the measures. - FY2017-Q3RestatedAnnual report
「The measures apply to purchases of the company’s issued shares, etc. that result in the holder’s ownership ratio of shares, etc. reaching 20% or more.」
The company has reiterated the 20% or more threshold for large-scale purchases subject to the takeover defense measures. - FY2017-Q2RestatedAnnual report
「The measures apply to purchases of the company’s issued shares, etc. that result in the holder’s ownership ratio of shares, etc. reaching 20% or more.」
The company has reiterated the 20% or more threshold for large-scale purchases subject to the takeover defense measures. - FY2017-Q1RestatedAnnual report
「The measures apply to purchases of the company’s issued shares, etc. that result in the holder’s ownership ratio of shares, etc. reaching 20% or more.」
The company has reiterated the 20% or more threshold for large-scale purchases subject to the takeover defense measures. - FY2016First statedAnnual report
「The measures apply to purchases of the company’s issued shares, etc. that result in the holder’s ownership ratio of shares, etc. reaching 20% or more.」
The takeover defense measures apply to large-scale purchases that result in an ownership ratio of shares, etc. of 20% or more.