Policy for Responding to Large-Scale Purchases of Shares
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2023: 1 of 6 companies on the "Worse" side.
35 other companies' latest entry also says "Dropped".
- FY2018DroppedAnnual report
「Through measures including reviewing the governance framework within the organization and abolishing takeover defense measures, we have established a structure in which the use of the management resources held by our Group directly leads to improved corporate value.」
The description of the previously stated policy for responding to large-scale purchases now states that the takeover defense measures have been abolished. - FY2017-Q3RestatedAnnual report
「Our Board of Directors and Independent Committee have established a period of 60 days, excluding the first day, when all of our share certificates and other securities are acquired through a tender offer offering only cash consideration in yen, and 90 days, excluding the first day, in all other cases, for the Board of Directors to evaluate and consider the proposal, formulate its opinion, develop alternatives and negotiate with the large-scale purchaser,」
We continue to disclose a policy for responding to large-scale purchases involving the acquisition of 20% or more of the shares, together with a 60- or 90-day consideration period. - FY2017-Q2RestatedAnnual report
「At a Board of Directors meeting held on 30 August 2013, we resolved to introduce a policy for responding to large-scale purchases of our shares (hereinafter, the "Plan") as an initiative to prevent decisions on our financial and business policies from being controlled by an inappropriate party in light of our basic policy.」
We continue to disclose a policy for responding to large-scale purchases involving the acquisition of 20% or more of our shares. - FY2017-Q1RestatedAnnual report
「If the acquisition by a specific person or group of shares representing 20% of our total voting rights could impair our corporate value or the common interests of our shareholders,」
We continue to disclose a policy for responding to large-scale purchases involving the acquisition of 20% or more of our shares. - FY2016First statedAnnual report
「We resolved to introduce a policy for responding to large-scale purchases of our shares (hereinafter, the "Plan").」
The framework covers acquisitions of 20% or more of the shares and provides for information disclosure, a 60- or 90-day consideration period, an Independent Committee and a general meeting of shareholders.