Response to large-scale purchases through a shareholder intention confirmation meeting, an Independent Committee and gratis allotments of stock acquisition rights
First written in FY2026-H1. 1 of 2 entries say "Dropped", first in FY2026. Latest entry: FY2026.
- FY2026DroppedAnnual report
「At a Board of Directors meeting held on 19 November 2025, the company resolved to discontinue the response policy.」
The response measures for large-scale purchases combining a shareholder intention confirmation meeting, an Independent Committee and gratis allotments of stock acquisition rights were discontinued based on the recommendation of the Independent Committee. - FY2026-H1First statedAnnual report
「Accordingly, the defensive measures under this response policy, specifically the gratis allotment of stock acquisition rights, will be implemented only if (a) approval is obtained at a shareholder intention confirmation meeting and the large-scale purchaser does not withdraw its large-scale purchase action, or (b) the large-scale purchaser attempts to carry out a large-scale purchase action without complying with the procedures prescribed in advance for triggering the defensive measures, with the recommendation of the Independent Committee given the maximum possible respect.」
The company introduced a response policy effective from 14 July 2025, generally remaining in effect until the conclusion of the first Board of Directors meeting after the annual general meeting of shareholders scheduled for June 2026. The policy combines a shareholder intention confirmation meeting, recommendations by the Independent Committee and gratis allotments of stock acquisition rights, with approval at the shareholders meeting and whether the large-scale purchaser withdraws its action among the conditions for implementation.