Securing the Information and Time Needed for Shareholders to Make a Decision under the Large-Scale Purchase Rules
First written in FY2018-Q3. 9 of 14 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 1 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「The basic policy regarding the persons who should control decisions on the company's financial and business policies, which had previously been established, was terminated upon expiry of its effective period on 18 May 2025, and no such policy had been established as of the filing date of this Annual Securities Report.」
The basic policy regarding corporate control, including the previous Large-Scale Purchase Rules, ended upon expiry of its effective period and had not been established as of the filing date. - FY2024ReframedAnnual report
「At a meeting of the company's Board of Directors held on 13 May 2024, the company resolved, after making the necessary revisions to the previous response policy, to extend its effective period through 18 May 2025. The response policy following its continuation and renewal is referred to below as the "response policy."」
The company revised the previous response policy covering share accumulations by Be Brave and the other parties and extended it through 18 May 2025 as a response policy incorporating a shareholders' intention confirmation meeting, information provision requirements and a Board of Directors' evaluation period. - FY2024-Q3ReframedAnnual report
「At its meeting held on 11 December 2023, the company's Board of Directors determined that Be Brave and the other parties had established a joint and coordinated relationship, as of the time the response policy was announced, through the conduct described in item ③ of the definition of "Large-Scale Purchase Transactions, etc." set out in the response policy.」
In addition to the previous Large-Scale Purchase Rules, the company applied a response policy to Be Brave, UGS Asset Management, Capital Management and Epic Group. The Board of Directors determined that the 4 parties had a joint and coordinated relationship and collectively held more than 20% of the voting rights. The policy provides that future additional acquisitions and similar actions would be subject to procedures as Large-Scale Purchase Transactions, etc., and that countermeasures could be taken in the event of non-compliance with the procedures. - FY2022RestatedAnnual report
「The Large-Scale Purchase Rules are effective for 3 years from 24 November 2020.」
The company continues to apply rules ensuring the provision of information and shareholders' opportunity to make a decision regarding large-scale purchases of 20% or more. - FY2021-Q3ReframedAnnual report
「As the effective period of the Large-Scale Purchase Rules established under the basic policy regarding the persons who should control decisions on the company's financial and business policies had expired, the Board of Directors resolved at its meeting held on 24 November 2020 to amend certain provisions and continue the rules.」
Following the expiry of the previous Large-Scale Purchase Rules, the company resolved to amend certain provisions and continue the rules. The effective period was set at 3 years from 24 November 2020, and procedures covering large-scale purchases of 20% or more were maintained. - FY2020-Q3RestatedAnnual report
「The Large-Scale Purchase Rules establish procedures for cases in which a party seeks to conduct a tender offer, or similar transaction, involving the company's shares or other securities that would result in the combined shareholding ratio of the large-scale purchaser and its specially related parties in the securities subject to the tender offer reaching 20% or more. The rules require the large-scale purchaser to provide information and ensure and provide shareholders with an opportunity to make a decision. The Large-Scale Purchase Rules are effective for 3 years from 27 November 2017.」
The company continues to apply rules ensuring the provision of information and shareholders' opportunity to make a decision regarding large-scale purchases of 20% or more. The 3-year effective period has also been maintained. - FY2020-Q2RestatedAnnual report
「The Large-Scale Purchase Rules establish procedures for cases in which a party seeks to conduct a tender offer, or similar transaction, involving the company's shares or other securities that would result in the combined shareholding ratio of the large-scale purchaser and its specially related parties in the securities subject to the tender offer reaching 20% or more. The rules require the large-scale purchaser to provide information and ensure and provide shareholders with an opportunity to make a decision. The Large-Scale Purchase Rules are effective for 3 years from 27 November 2017.」
The company continues to apply rules ensuring the provision of information and shareholders' opportunity to make a decision regarding large-scale purchases of 20% or more. The 3-year effective period has also been maintained. - FY2020-Q1RestatedAnnual report
「The Large-Scale Purchase Rules establish procedures for cases in which a party seeks to conduct a tender offer, or similar transaction, involving the company's shares or other securities that would result in the combined shareholding ratio of the large-scale purchaser and its specially related parties in the securities subject to the tender offer reaching 20% or more. The rules require the large-scale purchaser to provide information and ensure and provide shareholders with an opportunity to make a decision. The Large-Scale Purchase Rules are effective for 3 years from 27 November 2017.」
The company continues to apply rules ensuring the provision of information and shareholders' opportunity to make a decision regarding large-scale purchases of 20% or more. The 3-year effective period has also been maintained. - FY2019RestatedAnnual report
「The Large-Scale Purchase Rules establish procedures for cases in which a party seeks to conduct a tender offer, or similar transaction, involving the company's shares or other securities that would result in the combined shareholding ratio of the large-scale purchaser and its specially related parties in the securities subject to the tender offer reaching 20% or more. The rules require the large-scale purchaser to provide information and ensure and provide shareholders with an opportunity to make a decision.」
The company continues to apply rules ensuring the provision of information and shareholders' opportunity to make a decision regarding large-scale purchases of 20% or more. The rules are effective for 3 years from 27 November 2017. - FY2019-Q3RestatedAnnual report
「The Large-Scale Purchase Rules establish procedures for cases in which a party seeks to conduct a tender offer, or similar transaction, involving the company's shares or other securities that would result in the combined shareholding ratio of the large-scale purchaser and its specially related parties in the securities subject to the tender offer reaching 20% or more. The rules require the large-scale purchaser to provide information and ensure and provide shareholders with an opportunity to make a decision. The Large-Scale Purchase Rules are effective for 3 years from 27 November 2017.」
The company continues to apply rules ensuring the provision of information and shareholders' opportunity to make a decision in response to large-scale purchases of 20% or more. The 3-year effective period has also been maintained. - FY2019-Q2RestatedAnnual report
「The Large-Scale Purchase Rules establish procedures for cases in which a party seeks to conduct a tender offer, or similar transaction, involving the company's shares or other securities that would result in the combined shareholding ratio of the large-scale purchaser and its specially related parties in the securities subject to the tender offer reaching 20% or more. The rules require the large-scale purchaser to provide information and ensure and provide shareholders with an opportunity to make a decision.」
The company continues to apply Large-Scale Purchase Rules to acquisitions of 20% or more, ensuring the provision of information and shareholders' opportunity to make a decision. The rules are effective for 3 years from 27 November 2017. - FY2019-Q1RestatedAnnual report
「The Large-Scale Purchase Rules establish procedures for cases in which a party seeks to conduct a tender offer, or similar transaction, involving the company's shares or other securities that would result in the combined shareholding ratio of the large-scale purchaser and its specially related parties in the securities subject to the tender offer reaching 20% or more. The rules require the large-scale purchaser to provide information and ensure and provide shareholders with an opportunity to make a decision.」
The company continues to apply Large-Scale Purchase Rules to acquisitions of 20% or more, ensuring the provision of information and shareholders' opportunity to make a decision. The rules are effective for 3 years from 27 November 2017. - FY2018RestatedAnnual report
「The Large-Scale Purchase Rules are effective for 3 years from 27 November 2017.」
The company continues to disclose rules designed to ensure that shareholders have the information and time needed to make decisions regarding large-scale purchase transactions. The rules apply to acquisitions resulting in a shareholding ratio of 20% or more, with the Board of Directors' evaluation period set at no more than 60 or 90 business days. - FY2018-Q3First statedAnnual report
「In light of this situation, the company established rules for large-scale purchases to secure and provide the time and information necessary for shareholders to make an appropriate decision on whether to accept a large-scale purchase offer when such an offer is made.」
On 27 November 2017, the company approved and established its basic policy and large-scale purchase rules. The rules apply to tender offers and other transactions involving a total ownership ratio of 20% or more of the share certificates and other securities. They set the board's evaluation period at no more than 60 or 90 business days and the effective period at 3 years. The company explains that this is not an anti-takeover measure involving defensive actions such as allotments of shares or stock acquisition rights.