Measures Addressing Large-Scale Acquisitions
First written in FY2016. 15 of 19 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2023: 1 of 8 companies on the "Worse" side.
42 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「In addition, at a meeting of its Board of Directors held on 23 May 2025, the Company resolved not to continue the above "Basic Policy on Measures in Response to Large-Scale Purchases of the Company's Shares (Takeover Defense Measures)" and the "Measures in Response to Large-Scale Purchases of the Company's Shares (Takeover Defense Measures)," and to abolish them upon the conclusion of the 104th Annual General Meeting of Shareholders scheduled for 26 June 2025, when their effective period expires.」
The company has stated its decision not to continue the takeover defense measures updated in 2022 and to abolish them upon the conclusion of the Annual General Meeting of Shareholders on 26 June 2025. - FY2023RestatedAnnual report
「Following approval at the 101st Annual General Meeting of Shareholders held on 29 June 2022 of a proposal concerning the "Basic Policy on Measures in Response to Large-Scale Purchases of the Company's Shares (Takeover Defense Measures)," whose purpose is to protect and enhance the Company's corporate value and the common interests of its shareholders, the Company resolved at a meeting of its Board of Directors held on the same day to adopt the "Measures in Response to Large-Scale Purchases of the Company's Shares (Takeover Defense Measures)," a specific measure based on this basic policy.」
The company is reaffirming the takeover defense measures based on shareholder approval and a Board of Directors resolution in June 2022, and the framework targeting purchases of 20% or more. - FY2022AdvancedAnnual report
「Following approval at the 101st Annual General Meeting of Shareholders held on 29 June 2022 of a proposal concerning the "Basic Policy on Measures in Response to Large-Scale Purchases of the Company's Shares (Takeover Defense Measures)," whose purpose is to protect and enhance the Company's corporate value and the common interests of its shareholders, the Company resolved at a meeting of its Board of Directors held on the same day to adopt the "Measures in Response to Large-Scale Purchases of the Company's Shares (Takeover Defense Measures)," a specific measure based on this basic policy.」
The takeover defense measures were updated to a plan with a new effective period through shareholder approval and a Board of Directors resolution in June 2022. - FY2020-Q3RestatedAnnual report
「The purpose of this plan is to protect and enhance the Company's corporate value and the common interests of its shareholders by securing the information and time necessary and sufficient for shareholders to make appropriate decisions when a large-scale purchase of the Company's shares is conducted, as well as opportunities for consultation and negotiation with the purchaser. This plan applies to (a) purchases that would result in the holder's ownership ratio of share certificates, etc. issued by the company reaching 20% or more, or (b) tender offers for share certificates, etc. issued by the company in which the combined ownership ratio of the tender offeror and its specially related parties would reach 20% or more, as well as acts similar to, or proposals for, either of these (collectively, "Purchases, etc.," and the persons conducting them, "Purchasers, etc.").」
The company is reaffirming the framework and purpose of the takeover defense measures based on shareholder approval and a Board of Directors resolution dated 27 June 2019, targeting purchases of 20% or more. - FY2020-Q2RestatedAnnual report
「The purpose of this plan is to protect and enhance the Company's corporate value and the common interests of its shareholders by securing the information and time necessary and sufficient for shareholders to make appropriate decisions when a large-scale purchase of the Company's shares is conducted, as well as opportunities for consultation and negotiation with the purchaser. This plan applies to (a) purchases that would result in the holder's ownership ratio of share certificates, etc. issued by the company reaching 20% or more, or (b) tender offers for share certificates, etc. issued by the company in which the combined ownership ratio of the tender offeror and its specially related parties would reach 20% or more, as well as acts similar to, or proposals for, either of these (collectively, "Purchases, etc.," and the persons conducting them, "Purchasers, etc.").」
The company is reaffirming the framework and purpose of the takeover defense measures based on shareholder approval and a Board of Directors resolution dated 27 June 2019, targeting purchases of 20% or more. - FY2020-Q1RestatedAnnual report
「The purpose of this plan is to protect and enhance the Company's corporate value and the common interests of its shareholders by securing the information and time necessary and sufficient for shareholders to make appropriate decisions when a large-scale purchase of the Company's shares is conducted, as well as opportunities for consultation and negotiation with the purchaser. This plan applies to (a) purchases that would result in the holder's ownership ratio of share certificates, etc. issued by the company reaching 20% or more, or (b) tender offers for share certificates, etc. issued by the company in which the combined ownership ratio of the tender offeror and its specially related parties would reach 20% or more, as well as acts similar to, or proposals for, either of these (collectively, "Purchases, etc.," and the persons conducting them, "Purchasers, etc.").」
The company is reaffirming the framework and purpose of the takeover defense measures based on shareholder approval and a Board of Directors resolution dated 27 June 2019, targeting purchases of 20% or more. - FY2019AdvancedAnnual report
「Following approval at the 98th Annual General Meeting of Shareholders held on 27 June 2019 of a proposal concerning the "Basic Policy on Measures in Response to Large-Scale Purchases of the Company's Shares (Takeover Defense Measures)," whose purpose is to protect and enhance the Company's corporate value and the common interests of its shareholders, the Company resolved at a meeting of its Board of Directors held on the same day to adopt the "Measures in Response to Large-Scale Purchases of the Company's Shares (Takeover Defense Measures)," a specific measure based on this basic policy.」
The takeover defense measures were updated from a restatement of the previous plan to a plan with a new effective period approved by the shareholders' meeting and resolved by the Board of Directors in June 2019. - FY2019-Q3RestatedAnnual report
「This plan applies to (a) purchases that would result in the holder's ownership ratio of share certificates, etc. issued by the company reaching 20% or more, or (b) tender offers for share certificates, etc. issued by the company in which the combined ownership ratio of the tender offeror and its specially related parties would reach 20% or more, as well as acts similar to, or proposals for, either of these (collectively, "Purchases, etc.," and the persons conducting them, "Purchasers, etc."). The Independent Committee will set a review period of up to 60 days, which may be extended by up to 30 days to the extent necessary, and will evaluate and review the terms of the Purchases, etc., confer and negotiate with the Purchasers, etc., and disclose information to shareholders, obtaining advice from independent third-party experts where necessary.」
The company is reaffirming its takeover defense measures targeting purchases of 20% or more and establishing an Independent Committee review procedure consisting of a period of up to 60 days, extendable by 30 days. - FY2019-Q2RestatedAnnual report
「This plan applies to (a) purchases of share certificates and other securities issued by the company that result in the holder's holding ratio of share certificates and other securities reaching 20% or more, or (b) tender offers for share certificates and other securities issued by the company in which the combined ownership ratio of the tender offeror and its specially related parties reaches 20% or more, as well as similar acts or proposals. These are collectively referred to as Purchases and Other Transactions, and persons conducting them are referred to as Purchasers and Other Parties.」
The company is reaffirming its takeover defense measures targeting purchases of 20% or more and establishing an Independent Committee review procedure consisting of a period of up to 60 days, extendable by 30 days. - FY2019-Q1RestatedAnnual report
「This plan applies to (a) purchases of share certificates and other securities issued by the company that result in the holder's holding ratio of share certificates and other securities reaching 20% or more, or (b) tender offers for share certificates and other securities issued by the company in which the combined ownership ratio of the tender offeror and its specially related parties reaches 20% or more, as well as similar acts or proposals. These are collectively referred to as Purchases and Other Transactions, and persons conducting them are referred to as Purchasers and Other Parties.」
The company is reaffirming its takeover defense measures targeting purchases of 20% or more and establishing an Independent Committee review procedure consisting of a period of up to 60 days, extendable by 30 days. - FY2018RestatedAnnual report
「This plan applies to (a) purchases that would result in the holder's ownership ratio of share certificates, etc. issued by the company reaching 20% or more, or (b) tender offers for share certificates, etc. issued by the company in which the combined ownership ratio of the tender offeror and its specially related parties would reach 20% or more, as well as acts similar to, or proposals for, either of these.」
The company is reaffirming its takeover defense measures targeting purchases of 20% or more and the Independent Committee's review procedure, consisting of a period of up to 60 days, extendable by 30 days. - FY2018-Q3RestatedAnnual report
「This plan applies to (a) purchases of share certificates and other securities issued by the company that result in the holder's holding ratio of share certificates and other securities reaching 20% or more, or (b) tender offers for share certificates and other securities issued by the company in which the combined ownership ratio of the tender offeror and its specially related parties reaches 20% or more, as well as similar acts or proposals. These are collectively referred to as Purchases and Other Transactions, and persons conducting them are referred to as Purchasers and Other Parties.」
The company is reaffirming its takeover defense measures targeting purchases of 20% or more and the review procedures conducted by the Independent Committee. - FY2018-Q2RestatedAnnual report
「This plan applies to (a) purchases of share certificates and other securities issued by the company that result in the holder's holding ratio of share certificates and other securities reaching 20% or more, or (b) tender offers for share certificates and other securities issued by the company in which the combined ownership ratio of the tender offeror and its specially related parties reaches 20% or more, as well as similar acts or proposals. These are collectively referred to as Purchases and Other Transactions, and persons conducting them are referred to as Purchasers and Other Parties.」
The company is reaffirming its takeover defense measures targeting purchases of 20% or more and the review procedures conducted by the Independent Committee. - FY2018-Q1RestatedAnnual report
「This plan applies to (a) purchases of share certificates and other securities issued by the company that result in the holder's holding ratio of share certificates and other securities reaching 20% or more, or (b) tender offers for share certificates and other securities issued by the company in which the combined ownership ratio of the tender offeror and its specially related parties reaches 20% or more, as well as similar acts or proposals. These are collectively referred to as Purchases and Other Transactions, and persons conducting them are referred to as Purchasers and Other Parties.」
The company is reaffirming its takeover defense measures targeting purchases of 20% or more and the review procedures conducted by the Independent Committee. - FY2017RestatedAnnual report
「This plan applies to (a) purchases of share certificates and other securities issued by the company that result in the holder's holding ratio of share certificates and other securities reaching 20% or more, or (b) tender offers for share certificates and other securities issued by the company in which the combined ownership ratio of the tender offeror and its specially related parties reaches 20% or more, as well as similar acts or proposals. These are collectively referred to as Purchases and Other Transactions, and persons conducting them are referred to as Purchasers and Other Parties.」
The company has reconfirmed the takeover defense measures covering purchases and other transactions involving 20% or more, the review procedure by the Independent Committee and the validity period of approximately 3 years. - FY2017-Q3RestatedAnnual report
「This plan applies to (a) purchases of share certificates and other securities issued by the company that result in the holder's holding ratio of share certificates and other securities reaching 20% or more, or (b) tender offers for share certificates and other securities issued by the company in which the combined ownership ratio of the tender offeror and its specially related parties reaches 20% or more, as well as similar acts or proposals. These are collectively referred to as Purchases and Other Transactions, and persons conducting them are referred to as Purchasers and Other Parties.」
The company has restated the takeover defense measures covering purchases and other transactions resulting in a shareholding ratio of 20% or more. The validity period and review procedure by the Independent Committee are also described again. - FY2017-Q2RestatedAnnual report
「This plan applies to (a) purchases of share certificates and other securities issued by the company that result in the holder's holding ratio of share certificates and other securities reaching 20% or more, or (b) tender offers for share certificates and other securities issued by the company in which the combined ownership ratio of the tender offeror and its specially related parties reaches 20% or more, as well as similar acts or proposals.」
The company has restated the takeover defense measures covering purchases and other transactions resulting in a shareholding ratio of 20% or more. - FY2017-Q1RestatedAnnual report
「Following approval at the 95th Annual General Meeting of Shareholders held on 29 June 2016 of the Basic Policy on Measures in Response to Large-Scale Acquisitions of the Company's Shares (Takeover Defense Measures) (the Basic Policy), adopted to secure and enhance the company's corporate value and the common interests of shareholders, the Board of Directors resolved at its meeting held on the same day to adopt the Measures in Response to Large-Scale Acquisitions of the Company's Shares (Takeover Defense Measures) (the Plan).」
The company has restated the measures in response to large-scale acquisitions following approval by the General Meeting of Shareholders and a resolution by the Board of Directors. - FY2016First statedAnnual report
「This plan applies to (a) purchases of share certificates and other securities issued by the company that result in the holder's holding ratio of share certificates and other securities reaching 20% or more, or (b) tender offers for share certificates and other securities issued by the company in which the combined ownership ratio of the tender offeror and its specially related parties reaches 20% or more, as well as similar acts or proposals.」
The company has introduced takeover defense measures covering holdings of 20% or more, accompanied by a review procedure involving an Independent Committee of up to 60 days, extendable by 30 days. The measures are valid for approximately 3 years.