Takeover defense plan to protect corporate value and the common interests of shareholders
First written in FY2016-Q2. 12 of 14 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 8 of 56 companies on the "Worse" side.
- FY2023RaisedAnnual report
「This plan establishes the procedures and other matters to be followed by a person acting alone or jointly or in coordination with others who seeks to conduct a purchase or other acquisition of the company’s shares or other securities, including (A) a purchase or other acquisition of the company’s shares or other securities that would result in the holder’s shareholding ratio reaching 20% or more, (B) a tender offer for the company’s shares or other securities that would result in the aggregate shareholding ratio of the tender offeror and its specially related parties reaching 20% or more, or (C), regardless of whether the acts specified in (A) or (B) are carried out, an agreement or other act between a person seeking to acquire the company’s shares or other securities, or its joint holders or specially related parties, and another shareholder, as a result of which the other shareholder becomes a joint holder of the share acquirer, or an act establishing a relationship in which one party substantially controls the other or the parties act jointly or in coordination, where the aggregate shareholding ratio of the share acquirer and the other shareholder reaches 20% or more, or similar acts.」
In addition to purchases and other acquisitions involving 20% or more, a new category (C) covering agreements and coordinated action with other shareholders was added, expanding the scope of the plan. Its effective period was also set to end at the conclusion of the annual shareholders’ meeting for the fiscal year ending within 5 years after the 74th Annual General Meeting of Shareholders. - FY2019-Q3RestatedAnnual report
「This plan establishes the procedures and other matters to be followed by a person seeking to conduct a purchase or other acquisition of the company’s shares or other securities, including (A) a purchase or other acquisition of the company’s shares or other securities that would result in the holder’s shareholding ratio reaching 20% or more, or (B) a tender offer for the company’s shares or other securities that would result in the aggregate shareholding ratio of the tender offeror and its specially related parties reaching 20% or more, or similar acts, hereinafter referred to as the “Purchaser, etc.”」
The takeover defense plan covering purchases and other acquisitions involving 20% or more, together with the framework of procedures to be followed by the Purchaser, etc., has been reiterated. - FY2019-Q2RestatedAnnual report
「This plan establishes the procedures and other matters to be followed by a person seeking to conduct a purchase or other acquisition of the company’s shares or other securities, including (A) a purchase or other acquisition of the company’s shares or other securities that would result in the holder’s shareholding ratio reaching 20% or more, or (B) a tender offer for the company’s shares or other securities that would result in the aggregate shareholding ratio of the tender offeror and its specially related parties reaching 20% or more, or similar acts, hereinafter referred to as the “Purchaser, etc.”」
The takeover defense plan covering purchases and other acquisitions involving 20% or more, together with the framework for submitting a letter of intent and required information, review by an independent committee, information disclosure and gratis allotment of stock acquisition rights, has been reiterated. Its effective period is up to approximately 3 years. - FY2019-Q1RestatedAnnual report
「This plan establishes the procedures and other matters to be followed by a person seeking to conduct a purchase or other acquisition of the company’s shares or other securities, including (A) a purchase or other acquisition of the company’s shares or other securities that would result in the holder’s shareholding ratio reaching 20% or more, or (B) a tender offer for the company’s shares or other securities that would result in the aggregate shareholding ratio of the tender offeror and its specially related parties reaching 20% or more, or similar acts, hereinafter referred to as the “Purchaser, etc.”」
The takeover defense plan covering purchases and other acquisitions involving 20% or more, together with the framework for a letter of intent, an independent committee, information disclosure and gratis allotment of stock acquisition rights, has been reiterated. - FY2018RestatedAnnual report
「This plan establishes the procedures and other matters to be followed by a person seeking to conduct a purchase or other acquisition of the company’s shares or other securities, including (A) a purchase or other acquisition of the company’s shares or other securities that would result in the holder’s shareholding ratio reaching 20% or more, or (B) a tender offer for the company’s shares or other securities that would result in the aggregate shareholding ratio of the tender offeror and its specially related parties reaching 20% or more, or similar acts, hereinafter referred to as the “Purchaser, etc.”」
The takeover defense plan covering purchases and other acquisitions involving 20% or more, together with the framework for an independent committee, information disclosure and stock acquisition rights, has been reiterated. Its effective period is up to approximately 3 years. - FY2018-Q3RestatedAnnual report
「This plan establishes the procedures and other matters to be followed by a person seeking to conduct a purchase or other acquisition of the company’s shares or other securities, including (A) a purchase or other acquisition of the company’s shares or other securities that would result in the holder’s shareholding ratio reaching 20% or more, or (B) a tender offer for the company’s shares or other securities that would result in the aggregate shareholding ratio of the tender offeror and its specially related parties reaching 20% or more, or similar acts, hereinafter referred to as the “Purchaser, etc.”」
The takeover defense plan covering purchases and other acquisitions involving 20% or more, which provides for a letter of intent, an independent committee, information disclosure and gratis allotment of stock acquisition rights, has been reiterated. Its effective period is up to approximately 3 years. - FY2018-Q2RestatedAnnual report
「This plan establishes the procedures and other matters to be followed by a person seeking to conduct a purchase or other acquisition of the company’s shares or other securities, including (A) a purchase or other acquisition of the company’s shares or other securities that would result in the holder’s shareholding ratio reaching 20% or more, or (B) a tender offer for the company’s shares or other securities that would result in the aggregate shareholding ratio of the tender offeror and its specially related parties reaching 20% or more, or similar acts, hereinafter referred to as the “Purchaser, etc.”」
The takeover defense plan covering purchases and other acquisitions involving 20% or more, together with the framework for a letter of intent, an independent committee, information disclosure and gratis allotment of stock acquisition rights, has been reiterated. - FY2018-Q1RestatedAnnual report
「This plan establishes the procedures and other matters to be followed by a person seeking to conduct a purchase or other acquisition of the company’s shares or other securities, including (A) a purchase or other acquisition of the company’s shares or other securities that would result in the holder’s shareholding ratio reaching 20% or more, or (B) a tender offer for the company’s shares or other securities that would result in the aggregate shareholding ratio of the tender offeror and its specially related parties reaching 20% or more, or similar acts, hereinafter referred to as the “Purchaser, etc.”」
The takeover defense plan covering purchases and other acquisitions involving 20% or more, and providing for a letter of intent, an independent committee, information disclosure and gratis allotment of stock acquisition rights, has been reiterated. - FY2017-Q3RestatedAnnual report
「This plan establishes the procedures and other matters to be followed by a person seeking to conduct a purchase or other acquisition of the company’s shares or other securities, including (i) a purchase or other acquisition of the company’s shares or other securities that would result in the holder’s shareholding ratio reaching 20% or more, or (ii) a tender offer for the company’s shares or other securities that would result in the aggregate shareholding ratio of the tender offeror and its specially related parties reaching 20% or more, or similar acts, hereinafter referred to as the “Purchaser, etc.” Specifically, before making a purchase or other acquisition, the Purchaser, etc. must submit to the company a letter of intent and a purchase proposal or other document containing the required information.」
The framework has been reiterated for a takeover defense plan covering purchases and other acquisitions involving 20% or more, submission of a letter of intent and other documents, review by an independent committee, information disclosure and gratis allotment of stock acquisition rights. The effective period is also set at up to approximately 3 years. - FY2017-Q2RestatedAnnual report
「This plan establishes the procedures and other matters to be followed by a person seeking to conduct a purchase or other acquisition of the company’s shares or other securities, including (i) a purchase or other acquisition of the company’s shares or other securities that would result in the holder’s shareholding ratio reaching 20% or more, or (ii) a tender offer for the company’s shares or other securities that would result in the aggregate shareholding ratio of the tender offeror and its specially related parties reaching 20% or more, or similar acts, hereinafter referred to as the “Purchaser, etc.”」
The takeover defense plan covering purchases and other acquisitions involving 20% or more, which provides for the submission of a letter of intent and required information, review by an independent committee, information disclosure and gratis allotment of stock acquisition rights, has been reiterated. Its effective period is up to approximately 3 years. - FY2017-Q1RestatedAnnual report
「This plan establishes the procedures and other matters to be followed by a person seeking to conduct a purchase or other acquisition of the company’s shares or other securities, including (i) a purchase or other acquisition of the company’s shares or other securities that would result in the holder’s shareholding ratio reaching 20% or more, or (ii) a tender offer for the company’s shares or other securities that would result in the aggregate shareholding ratio of the tender offeror and its specially related parties reaching 20% or more, or similar acts, hereinafter referred to as the “Purchaser, etc.”」
The takeover defense plan covering purchases and other acquisitions involving 20% or more, and procedures involving a letter of intent, an independent committee, information disclosure and stock acquisition rights, has been reiterated. - FY2016RestatedAnnual report
「This plan establishes the procedures and other matters to be followed by a person seeking to conduct a purchase or other acquisition of the company’s shares or other securities, including (i) a purchase or other acquisition of the company’s shares or other securities that would result in the holder’s shareholding ratio reaching 20% or more, or (ii) a tender offer for the company’s shares or other securities that would result in the aggregate shareholding ratio of the tender offeror and its specially related parties reaching 20% or more, or similar acts, hereinafter referred to as the “Purchaser, etc.”」
The takeover defense plan covering purchases and other acquisitions involving 20% or more, and procedures involving a letter of intent, an independent committee, information disclosure and stock acquisition rights, has been reiterated. - FY2016-Q3RestatedAnnual report
「This plan establishes the procedures and other matters to be followed by a person seeking to conduct a purchase or other acquisition of the company’s shares or other securities, including (i) a purchase or other acquisition of the company’s shares or other securities that would result in the holder’s shareholding ratio reaching 20% or more, or (ii) a tender offer for the company’s shares or other securities that would result in the aggregate shareholding ratio of the tender offeror and its specially related parties reaching 20% or more, or similar acts, hereinafter referred to as the “Purchaser, etc.”」
The takeover defense plan covering purchases and other acquisitions involving 20% or more, together with the framework for the relevant procedures and review by an independent committee, has been reiterated. - FY2016-Q2First statedAnnual report
「This plan establishes the procedures and other matters to be followed by a person seeking to conduct a purchase or other acquisition of the company’s shares or other securities, including (i) a purchase or other acquisition of the company’s shares or other securities that would result in the holder’s shareholding ratio reaching 20% or more, or (ii) a tender offer for the company’s shares or other securities that would result in the aggregate shareholding ratio of the tender offeror and its specially related parties reaching 20% or more, or similar acts, hereinafter referred to as the “Purchaser, etc.”」
For purchases and other acquisitions involving 20% or more, the plan sets out the submission of a letter of intent and required information, review by an independent committee, information disclosure and gratis allotment of stock acquisition rights. Its effective period is up to approximately 3 years.