Continuation of Takeover Defenses Incorporating Shareholder Intent and an Independent Committee
First written in FY2017-Q1. 8 of 12 entries say "Restated". Latest entry: FY2022-Q1.
- FY2022-Q1DroppedAnnual report
「The effective period of the Plan was scheduled to expire at the conclusion of the 101st Annual General Meeting of Shareholders held on 24 June 2021. After careful consideration in light of the views of shareholders, including institutional investors in Japan and overseas, and recent developments concerning takeover defense measures, the Board of Directors resolved at its meeting held on 14 May 2021 not to continue the Plan, and its effective period expired at the conclusion of the 101st Annual General Meeting of Shareholders held on 24 June 2021.」
Regarding the takeover defense measures approved in 2018, the Board of Directors resolved not to continue them, and their effective period expired at the conclusion of the annual general meeting of shareholders held on 24 June 2021. - FY2020Response to the expiration of the takeover defense measures specifiedAnnual report
「We will further strengthen corporate governance by addressing the expiration of the takeover defense measures, reducing cross-held shares, and continuing to review the executive compensation structure, among other initiatives.」
A policy of addressing the expiration of the takeover defense measures adopted on a continuing basis in 2018 has been newly specified. - FY2020-Q1RestatedAnnual report
「At the 98th Annual General Meeting of Shareholders held on 26 June 2018, our shareholders approved the continued adoption of the “Measures to Respond to Large-Scale Purchases of Our Shares (Takeover Defense Measures)” (the “Plan”), the outline of which is as follows.」
The continued adoption of the takeover defense measures approved at the June 2018 annual general meeting of shareholders, and the framework incorporating a general meeting of shareholders, an Independent Committee, and other elements, have been reiterated. - FY2019-Q3RestatedAnnual report
「This plan will continue subject to approval by our shareholders at a general meeting of shareholders. In addition, a shareholder intentions confirmation meeting may be held to confirm shareholders’ intentions regarding the activation of countermeasures. The plan also includes a so-called sunset clause with a 3-year effective period. Even before that period expires, the plan will be terminated if a proposal to abolish it is approved at a general meeting of shareholders or if the Board of Directors resolves to abolish it.」
The details of the takeover defense measures, including approval at a general meeting of shareholders, a shareholder intentions confirmation meeting, a 3-year sunset clause, and procedures for termination, have been reiterated. - FY2019-Q2RestatedAnnual report
「This plan will continue subject to approval by our shareholders at a general meeting of shareholders. In addition, a shareholder intentions confirmation meeting may be held to confirm shareholders’ intentions regarding the activation of countermeasures. The plan also includes a so-called sunset clause with a 3-year effective period. Even before that period expires, the plan will be terminated if a proposal to abolish it is approved at a general meeting of shareholders or if the Board of Directors resolves to abolish it.」
The details of the takeover defense measures, including approval at a general meeting of shareholders, a shareholder intentions confirmation meeting, a 3-year sunset clause, and procedures for termination, have been reiterated. - FY2019-Q1AdvancedAnnual report
「At the 98th Annual General Meeting of Shareholders held on 26 June 2018, our shareholders approved the continued adoption of the “Measures to Respond to Large-Scale Purchases of Our Shares (Takeover Defense Measures)” (the “Plan”),」
The continued adoption of the takeover defense measures was approved at the annual general meeting of shareholders held on 26 June 2018. - FY2018-Q3RestatedAnnual report
「This plan will continue subject to approval by our shareholders at a general meeting of shareholders. In addition, a shareholder intentions confirmation meeting may be held to confirm shareholders’ intentions regarding the activation of countermeasures. The plan also includes a so-called sunset clause with a 3-year effective period. Even before that period expires, the plan will be terminated if a proposal to abolish it is approved at a general meeting of shareholders or if the Board of Directors resolves to abolish it.」
The details of the continued takeover defense measures, including approval at a general meeting of shareholders, a shareholder intentions confirmation meeting, and a 3-year sunset clause, have been reiterated. - FY2018-Q2RestatedAnnual report
「This plan will continue subject to approval by our shareholders at a general meeting of shareholders. In addition, a shareholder intentions confirmation meeting may be held to confirm shareholders’ intentions regarding the activation of countermeasures. The plan also includes a so-called sunset clause with a 3-year effective period.」
The continuation of the takeover defense measures, including approval at a general meeting of shareholders, a shareholder intentions confirmation meeting, an Independent Committee, and a 3-year sunset clause, has been confirmed. - FY2018-Q1RestatedAnnual report
「This plan will continue subject to approval by our shareholders at a general meeting of shareholders. In addition, a shareholder intentions confirmation meeting may be held to confirm shareholders’ intentions regarding the activation of countermeasures. The plan also includes a so-called sunset clause with a 3-year effective period.」
The continuation of the takeover defense measures, including approval at a general meeting of shareholders, a shareholder intentions confirmation meeting, an Independent Committee, and a 3-year sunset clause, has been confirmed. - FY2017RestatedAnnual report
「This plan will continue subject to approval by our shareholders at a general meeting of shareholders. In addition, a shareholder intentions confirmation meeting may be held to confirm shareholders’ intentions regarding the activation of countermeasures. The plan also includes a so-called sunset clause with a 3-year effective period.」
The continuation of the takeover defense measures, including approval at a general meeting of shareholders, a shareholder intentions confirmation meeting, an Independent Committee, and a 3-year sunset clause, has been confirmed. - FY2017-Q2RestatedAnnual report
「This plan will continue subject to approval by our shareholders at a general meeting of shareholders. In addition, a shareholder intentions confirmation meeting may be held to confirm shareholders’ intentions regarding the activation of countermeasures. The plan also includes a so-called sunset clause with a 3-year effective period. Even before that period expires, the plan will be terminated if a proposal to abolish it is approved at a general meeting of shareholders or if the Board of Directors resolves to abolish it.」
The continuation of the takeover defense measures, including approval at a general meeting of shareholders, a shareholder intentions confirmation meeting, and a 3-year sunset clause, has been reiterated. - FY2017-Q1First statedAnnual report
「This plan will continue subject to approval by our shareholders at a general meeting of shareholders. In addition, a shareholder intentions confirmation meeting may be held to confirm shareholders’ intentions regarding the activation of countermeasures. The plan also includes a so-called sunset clause with a 3-year effective period. Even before that period expires, the plan will be terminated if a proposal to abolish it is approved at a general meeting of shareholders or if the Board of Directors resolves to abolish it.」
The takeover defense measures continue, incorporating approval at a general meeting of shareholders, a shareholder intentions confirmation meeting, and a 3-year sunset clause.