Securing information, time and alternatives in the event of a large-scale purchase
First written in FY2017-Q1. 14 of 16 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The maximum period, including an extension of the evaluation period, is 150 days in the case of a purchase of all of the Company’s shares and other securities for cash in Japanese yen and 180 days in other cases.」
Reiterated the Special Committee’s evaluation period and the maximum period including additional information requests. - FY2020-Q3RestatedAnnual report
「The Special Committee’s evaluation period for a large-scale purchaser is up to 60 days in the case of a purchase of all of the Company’s shares and other securities for cash in Japanese yen, and up to 90 days in other cases. However, if the Special Committee does not reach a conclusion within that period, it may extend the evaluation period, to the extent reasonably necessary, by up to 30 days. In addition, including the response period when the Special Committee requests additional information on the large-scale purchase, which is up to 60 days after the Company’s Board of Directors receives the large-scale purchase information, the maximum period, including an extension of the evaluation period, is 150 days in the case of a purchase of all of the Company’s shares and other securities for cash in Japanese yen and 180 days in other cases.」
Specified the evaluation period, the maximum extension period, and the maximum period when additional information is requested as mechanisms to secure the time necessary for shareholders to make a decision. - FY2020-Q2AdvancedAnnual report
「The Special Committee’s evaluation period for a large-scale purchaser is up to 60 days in the case of a purchase of all of the Company’s shares and other securities for cash in Japanese yen, and up to 90 days in other cases. However, if the Special Committee does not reach a conclusion within that period, it may extend the evaluation period, to the extent reasonably necessary, by up to 30 days.」
Specified the evaluation period of the Special Committee and the maximum extension period as mechanisms to secure the time necessary for shareholders to make a decision. - FY2020-Q1RestatedAnnual report
「In light of these circumstances, the Company’s Board of Directors believes that it is beneficial to shareholders and contributes to protecting the common interests of shareholders to provide shareholders, in a timely and appropriate manner, with sufficient information including the Board’s views and alternative proposals, not only the information provided unilaterally by a large-scale purchaser, when shareholders evaluate the large-scale purchase, while securing in advance measures enabling the Board to request discussions with the large-scale purchaser concerning the corporate value of the Group and securing the time necessary for shareholders to decide, based on the information and alternative proposals provided, whether they should accept the large-scale purchase.」
Continued to support securing information including the Board of Directors’ views and alternative proposals, an opportunity for discussions, and the time needed for shareholders to make a decision. - FY2019RestatedAnnual report
「We believe that it is beneficial to shareholders and contributes to protecting the common interests of shareholders to secure in advance measures enabling the Company’s Board of Directors to request discussions with a large-scale purchaser concerning the corporate value of the Group, and to secure the time necessary for shareholders to decide, based on the information and alternative proposals provided, whether they should accept the large-scale purchase.」
Continued to support securing the information and time needed for shareholders to make a decision, the Board of Directors’ views and alternative proposals, and an opportunity for discussions with the purchaser. - FY2019-Q3RestatedAnnual report
「Accordingly, the Company’s Board of Directors believes that, when shareholders evaluate a large-scale purchase by a large-scale purchaser, it is extremely important that sufficient information be provided to shareholders in a timely and appropriate manner, including not only information provided unilaterally by the large-scale purchaser but also the Board’s views on the large-scale purchase, given that the Board is currently responsible for managing the Company and has a thorough understanding of its business characteristics.」
Continued to support providing shareholders, in a timely and appropriate manner, with the information necessary for them to make a decision, together with the Board of Directors’ views and other information. - FY2019-Q2RestatedAnnual report
「Accordingly, the Company’s Board of Directors believes that, when shareholders evaluate a large-scale purchase by a large-scale purchaser, it is extremely important that sufficient information be provided to shareholders in a timely and appropriate manner, including not only information provided unilaterally by the large-scale purchaser but also the Board’s views on the large-scale purchase, given that the Board is currently responsible for managing the Company and has a thorough understanding of its business characteristics.」
Continued to support providing shareholders, in a timely and appropriate manner, with the information necessary for them to make a decision, together with the Board of Directors’ views and other information. - FY2019-Q1RestatedAnnual report
「Accordingly, the Company’s Board of Directors believes that, when shareholders evaluate a large-scale purchase by a large-scale purchaser, it is extremely important that sufficient information be provided to shareholders in a timely and appropriate manner, including not only information provided unilaterally by the large-scale purchaser but also the Board’s views on the large-scale purchase, given that the Board is currently responsible for managing the Company and has a thorough understanding of its business characteristics.」
Continued to support providing shareholders, in a timely and appropriate manner, with the information necessary for them to make a decision, together with the Board of Directors’ views and other information. - FY2018RestatedAnnual report
「Accordingly, the Company’s Board of Directors believes that, when shareholders evaluate a large-scale purchase by a large-scale purchaser, it is extremely important that sufficient information be provided to shareholders in a timely and appropriate manner, including not only information provided unilaterally by the large-scale purchaser but also the Board’s views on the large-scale purchase, given that the Board is currently responsible for managing the Company and has a thorough understanding of its business characteristics.」
Continued to support providing shareholders, in a timely and appropriate manner, with the information necessary for them to make a decision, together with the Board of Directors’ views and other information. - FY2018-Q3RestatedAnnual report
「Accordingly, the Company’s Board of Directors believes that, when shareholders evaluate a large-scale purchase by a large-scale purchaser, it is extremely important that sufficient information be provided to shareholders in a timely and appropriate manner, including not only information provided unilaterally by the large-scale purchaser but also the Board’s views on the large-scale purchase, given that the Board is currently responsible for managing the Company and has a thorough understanding of its business characteristics.」
Continued to support providing shareholders, in a timely and appropriate manner, with the information necessary for them to make a decision, together with the Board of Directors’ views and other information. - FY2018-Q2RestatedAnnual report
「Accordingly, the Company’s Board of Directors believes that, when shareholders evaluate a large-scale purchase by a large-scale purchaser, it is extremely important that sufficient information be provided to shareholders in a timely and appropriate manner, including not only information provided unilaterally by the large-scale purchaser but also the Board’s views on the large-scale purchase, given that the Board is currently responsible for managing the Company and has a thorough understanding of its business characteristics.」
Continued to support providing shareholders, in a timely and appropriate manner, with the information necessary for them to make a decision, together with the Board of Directors’ views and other information. - FY2018-Q1RestatedAnnual report
「Accordingly, the Company’s Board of Directors believes that, when shareholders evaluate a large-scale purchase by a large-scale purchaser, it is extremely important that sufficient information be provided to shareholders in a timely and appropriate manner, including not only information provided unilaterally by the large-scale purchaser but also the Board’s views on the large-scale purchase, given that the Board is currently responsible for managing the Company and has a thorough understanding of its business characteristics.」
Continued to support providing shareholders, in a timely and appropriate manner, with the information necessary for them to make a decision, together with the Board of Directors’ views and other information. - FY2017RestatedAnnual report
「Accordingly, the Company’s Board of Directors believes that, when shareholders evaluate a large-scale purchase by a large-scale purchaser, it is extremely important that sufficient information be provided to shareholders in a timely and appropriate manner, including not only information provided unilaterally by the large-scale purchaser but also the Board’s views on the large-scale purchase, given that the Board is currently responsible for managing the Company and has a thorough understanding of its business characteristics.」
Continued to support providing shareholders, in a timely and appropriate manner, with the information necessary for them to make a decision, together with the Board of Directors’ views and other information. - FY2017-Q3RestatedAnnual report
「The Company’s Board of Directors believes that, when shareholders evaluate a large-scale purchase by a large-scale purchaser, it is extremely important that sufficient information be provided to shareholders in a timely and appropriate manner, including not only information provided unilaterally by the large-scale purchaser but also the Board’s views on the large-scale purchase, given that the Board is currently responsible for managing the Company and has a thorough understanding of its business characteristics.」
Continued to support securing sufficient information and time for shareholders to make a decision and an opportunity for the Board of Directors to present its views and alternative proposals. - FY2017-Q2RestatedAnnual report
「We have determined that a certain reasonable mechanism is essential to ensure that, if a large-scale purchase is made, shareholders have the necessary and sufficient information and time to decide whether to accept it, as well as an opportunity to receive alternative proposals from the Company’s Board of Directors.」
Reiterated the policy of securing the information and time necessary for shareholders to make a decision and an opportunity for the Board of Directors to present alternative proposals. - FY2017-Q1First statedAnnual report
「We have determined that a certain reasonable mechanism is essential to ensure that, if a large-scale purchase is made, shareholders have the necessary and sufficient information and time to decide whether to accept it, as well as an opportunity to receive alternative proposals from the Company’s Board of Directors.」
Emphasized a mechanism to secure the information and time necessary for shareholders to make a decision and an opportunity for the Board of Directors to present alternative proposals.