Advance-warning plan for large-scale purchases
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2023: 1 of 6 companies on the "Worse" side.
35 other companies' latest entry also says "Dropped".
- FY2018DroppedAnnual report
「② [Details of the rights plan] Not applicable.」
This filing contains no explanation of the measures for responding to large-scale purchases that had been included previously, and states that a rights plan is not applicable. - FY2017-Q3RestatedAnnual report
「A purchaser or other party wishing to make a purchase or similar acquisition of 20% or more of the shares or other securities issued by the Company must submit in advance to the Company the information necessary for reviewing the details of the purchase and related matters.」
The takeover defense measures, including the advance provision of information for purchases of 20% or more, have been restated. - FY2017-Q2RestatedAnnual report
「A purchaser or other party wishing to make a purchase or similar acquisition of 20% or more of the shares or other securities issued by the Company must submit in advance to the Company the information necessary for reviewing the details of the purchase and related matters.」
The takeover defense measures, including the advance provision of information for purchases of 20% or more, have been restated. - FY2017-Q1RestatedAnnual report
「At the 53rd Annual General Meeting of Shareholders held on 27 June 2014, the Company obtained approval for the “Plan for Responding to Large-Scale Purchases of the Company’s Shares, etc. (Takeover Defense Measure)” (the “Plan”). The Plan is an advance-warning plan under which countermeasures, namely the gratis allotment of stock acquisition rights, may be activated in the event of a takeover attempt.」
The existing plan has been restated, including provisions for information disclosure concerning purchases of 20% or more, an independent special committee and countermeasures. - FY2016First statedAnnual report
「At the 53rd Annual General Meeting of Shareholders held on 27 June 2014, the Company obtained approval for the “Plan for Responding to Large-Scale Purchases of the Company’s Shares, etc. (Takeover Defense Measure)” (the “Plan”). The Plan is an advance-warning plan under which countermeasures, namely the gratis allotment of stock acquisition rights, may be activated in the event of a takeover attempt.」
The plan requires information to be provided for purchases of 20% or more, with an independent special committee reviewing the matter.