Independent Committee for Protecting Corporate Value and the Common Interests of Shareholders
First written in FY2016. 16 of 19 entries say "Restated". Latest entry: 2026-07-01.
16 other companies' latest entry also says "Restated".
- 2026-07-01RestatedGovernance
「With respect to acquisitions seeking to obtain control of the Company's management, the Company respects three principles: the principle of corporate value and the common interests of shareholders, under which it judges whether an acquisition will secure or enhance corporate value and the common interests of shareholders; the principle of shareholder intent, under which it relies on the rational intentions of shareholders; and the principle of transparency, under which it seeks to eliminate information asymmetry with shareholders and ensure transparency by having the Company and the party seeking the acquisition provide shareholders with useful information appropriately and proactively.」
Although the Company does not establish a policy for responding to acquisitions, it maintains the three principles and a recommendation process conducted by the Corporate Value Enhancement Committee, which consists of independent outside directors. - FY2026RestatedAnnual report
「If a possible takeover of this kind takes place, we will establish a Corporate Value Enhancement Committee composed of independent outside directors. After objectively evaluating the takeover, the committee will make the necessary recommendations to the Board of Directors regarding the response to be taken, and the Board will make its decisions with the utmost respect for the committee's conclusions.」
While the Company does not establish a response policy for takeovers in advance, its basic policy of having independent outside directors conduct an objective evaluation and make recommendations to the Board of Directors remains in place. - 2026-05-28RestatedGeneral Meetings of Shareholders
「The Company has not established a policy for responding to acquisitions that uses countermeasures such as defensive measures based on a gratis allotment of stock acquisition rights.」
The Company reaffirmed its longstanding policy of not establishing takeover defenses, while respecting the three principles for responding to acquisitions. - FY2026-H1RestatedAnnual report
「There were no material changes during the current interim consolidated accounting period to our basic policy regarding control of the Company.」
No material changes have been made to the basic policy regarding control of the Company to protect corporate value and the common interests of shareholders. - FY2024ReframedAnnual report
「Accordingly, if a possible takeover of this kind takes place, we will establish a Corporate Value Enhancement Committee composed solely of independent officers. After objectively evaluating the takeover, the committee will make the necessary recommendations to the Board of Directors regarding the response to be taken, and the Board will make its decisions with the utmost respect for the committee's conclusions.」
In addition to the policy of not establishing takeover defense measures, the 3 principles of protecting corporate value and the common interests of shareholders, reflecting shareholder will, and transparency, as well as the recommendation process conducted by a committee composed solely of independent officers, have been clarified. - FY2024-Q2RestatedAnnual report
「There were no material changes during the first two quarters of the current consolidated fiscal year to our basic policy regarding control of the Company.」
No material changes have been made to the existing basic policy regarding control of the Company to protect corporate value and the common interests of shareholders. - FY2024-Q1RestatedAnnual report
「There were no material changes during the first quarter of the current consolidated fiscal year to our basic policy regarding control of the Company.」
No material changes have been made to the existing basic policy regarding control of the Company to protect corporate value and the common interests of shareholders. - FY2022-Q3RestatedAnnual report
「There were no material changes during the first three quarters of the current consolidated fiscal year to our basic policy regarding control of the Company.」
No material changes have been made to the existing basic policy regarding control of the Company to protect corporate value and the common interests of shareholders. - FY2020-Q3RestatedAnnual report
「We believe that the decision as to whether to allow someone to acquire and hold such a number of shares should ultimately be left to the shareholders. Accordingly, we have no plans at present to introduce so-called takeover defense measures, such as issuing share acquisition rights in advance.」
The policy remains not to introduce takeover defense measures in advance, but to have the Corporate Value Enhancement Committee independently review any takeover proposal and the Board of Directors reach a conclusion. - FY2020-Q1RestatedAnnual report
「If an attempt is made to acquire the Company by a party deemed inappropriate for securing or enhancing the Company's corporate value and the common interests of shareholders, the Board of Directors will, as its duty to those entrusted with the interests of shareholders, take appropriate measures to prevent results that would be undesirable for many shareholders or investors. In such circumstances, the Corporate Value Enhancement Committee established within the Company, comprising the Company's outside directors and outside corporate auditors, will independently and carefully investigate and consider the impact of the relevant purchase or takeover proposal on the Company's corporate value and the common interests of shareholders, based on the purchaser's business activities, future business plans and past investment activities. Based on the results, the Board of Directors will conduct a thorough review and reach a conclusion on the best course of action for shareholders from the perspective of corporate value and the common interests of shareholders.」
The Company continues its policy of not planning takeover defenses in advance, having the Corporate Value Enhancement Committee independently consider takeover proposals when they arise, and having the Board of Directors deliberate on them. - FY2019RestatedAnnual report
「The Corporate Value Enhancement Committee comprises outside directors, outside corporate auditors and external experts. If a party proposes to acquire a substantial holding of the Company's shares in a manner that could damage the corporate value of the Company or the Group and the common interests of shareholders, the committee acts as an independent body to eliminate arbitrary decision-making by the Board of Directors, make objective decisions in the common interests of shareholders and provide the Board with necessary recommendations.」
The Company continues its policy of not introducing takeover defenses in advance and having an independent committee conduct an assessment and make recommendations when a takeover proposal arises. - FY2019-Q3RestatedAnnual report
「If an attempt is made to acquire the Company by a party deemed inappropriate for securing or enhancing the Company's corporate value and the common interests of shareholders, the Board of Directors will, as its duty to those entrusted with the interests of shareholders, take appropriate measures to prevent results that would be undesirable for many shareholders or investors. In such circumstances, the Corporate Value Enhancement Committee established within the Company, comprising the Company's outside directors and outside corporate auditors, will independently and carefully investigate and consider the impact of the relevant purchase or takeover proposal on the Company's corporate value and the common interests of shareholders, based on the purchaser's business activities, future business plans and past investment activities. Based on the results, the Board of Directors will conduct a thorough review and reach a conclusion on the best course of action for shareholders from the perspective of corporate value and the common interests of shareholders.」
The Company continues its policy of not planning takeover defenses in advance, having the Corporate Value Enhancement Committee independently consider takeover proposals when they arise, and having the Board of Directors deliberate on them. - FY2019-Q1RestatedAnnual report
「In such circumstances, the Corporate Value Enhancement Committee established within the Company, comprising the Company's outside directors and outside corporate auditors, will independently and carefully investigate and consider the impact of the relevant purchase or takeover proposal on the Company's corporate value and the common interests of shareholders, based on the purchaser's business activities, future business plans and past investment activities. Based on the results, the Board of Directors will conduct a thorough review and reach a conclusion on the best course of action for shareholders from the perspective of corporate value and the common interests of shareholders.」
The Company continues its policy of not planning takeover defenses in advance, having the Corporate Value Enhancement Committee independently consider takeover proposals when they arise, and having the Board of Directors deliberate on them. - FY2018ReframedAnnual report
「The Corporate Value Enhancement Committee comprises outside directors, outside corporate auditors and external experts. If a party proposes to acquire a substantial holding of the Company's shares in a manner that could damage the corporate value of the Company or the Group and the common interests of shareholders, the committee acts as an independent body to eliminate arbitrary decision-making by the Board of Directors, make objective decisions in the common interests of shareholders and provide the Board with necessary recommendations.」
In addition to the existing independent assessment led by outside officers, the disclosure specifies a composition including external experts and the committee's authority to make recommendations to the Board of Directors. - FY2018-Q1RestatedAnnual report
「If an attempt is made to acquire the Company by a party deemed inappropriate for securing or enhancing the Company's corporate value and the common interests of shareholders, the Board of Directors will, as its duty to those entrusted with the interests of shareholders, take appropriate measures to prevent results that would be undesirable for many shareholders or investors. In such circumstances, the Corporate Value Enhancement Committee established within the Company, comprising the Company's outside directors and outside corporate auditors, will independently and carefully investigate and consider the impact of the relevant purchase or takeover proposal on the Company's corporate value and the common interests of shareholders, based on the purchaser's business activities, future business plans and past investment activities.」
The Company continues its policy of not introducing takeover defenses in advance and having the Corporate Value Enhancement Committee independently consider takeover proposals when they arise. - FY2017-Q3RestatedAnnual report
「If an attempt is made to acquire the Company by a party deemed inappropriate for securing or enhancing the Company's corporate value and the common interests of shareholders, the Board of Directors will, as its duty to those entrusted with the interests of shareholders, take appropriate measures to prevent results that would be undesirable for many shareholders or investors. In such circumstances, the Corporate Value Enhancement Committee established within the Company, comprising the Company's outside directors and outside corporate auditors, will independently and carefully investigate and consider the impact of the relevant purchase or takeover proposal on the Company's corporate value and the common interests of shareholders, based on the purchaser's business activities, future business plans and past investment activities.」
The Company reiterates its policy of not introducing takeover defenses in advance and having the Corporate Value Enhancement Committee, comprising outside officers, independently consider takeover proposals when they arise. - FY2017-Q2RestatedAnnual report
「In such circumstances, the Corporate Value Enhancement Committee established within the Company, comprising the Company's outside directors and outside corporate auditors, will independently and carefully investigate and consider the impact of the relevant purchase or takeover proposal on the Company's corporate value and the common interests of shareholders, based on the purchaser's business activities, future business plans and past investment activities.」
The Company continues its policy of not introducing takeover defenses in advance and having the Corporate Value Enhancement Committee independently assess takeover proposals when they arise. - FY2017-Q1RestatedAnnual report
「In such circumstances, the Corporate Value Enhancement Committee established within the Company, comprising the Company's outside directors and outside corporate auditors, will independently and carefully investigate and consider the impact of the relevant purchase or takeover proposal on the Company's corporate value and the common interests of shareholders, based on the purchaser's business activities, future business plans and past investment activities.」
The Company reiterates its policy of not introducing takeover defenses in advance and having the Corporate Value Enhancement Committee, comprising outside officers, independently assess takeover proposals when they arise. - FY2016First statedAnnual report
「The Corporate Value Enhancement Committee, comprising the Company's outside directors and outside corporate auditors, will independently and carefully investigate and consider the impact of the relevant purchase or takeover proposal on the Company's corporate value and the common interests of shareholders.」
The Company does not introduce takeover defenses in advance, but intends to have a committee led by outside officers independently assess takeover proposals when they arise.