Introduction of Takeover Defense Measures
First written in FY2023. 1 of 2 entries say "Advanced", first in FY2025. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「The Company determined that it would be appropriate to continue the “Measures in Response to Large-Scale Purchases of the Company’s Shares (Takeover Defense Measures)” (the “Plan”) with partial amendments, and submitted an approval proposal concerning the continuation of the Plan to the 79th Annual General Meeting of Shareholders held on 26 June 2025, which was approved by the shareholders.」
The takeover defense measures introduced in 2023 were partially amended and continued following shareholder approval on 26 June 2025, until the conclusion of the Annual General Meeting of Shareholders scheduled for June 2028. - FY2023First statedAnnual report
「Following its review of initiatives to prevent large-scale purchases of the Company’s shares by inappropriate parties in light of its basic policy, the Company determined that it would be appropriate to introduce specific measures. It therefore submitted an approval proposal concerning the introduction of the “Measures in Response to Large-Scale Purchases of the Company’s Shares (Takeover Defense Measures)” to the 76th Annual General Meeting of Shareholders held on 29 June 2022, which was approved by the shareholders.」
The Company introduced takeover defense measures following shareholder approval on 29 June 2022. The measures cover purchases of 20% or more and establish procedures including an independent committee, the provision of necessary information and a review period for the Board of Directors. They remain effective until the conclusion of the 79th Annual General Meeting of Shareholders scheduled for June 2025.