Response Measures for Large-Scale Share Acquisitions (Takeover Defense Measures)
First written in FY2016. 9 of 12 entries say "Restated". Latest entry: FY2025.
- FY2025AdvancedAnnual report
「At a meeting of the Board of Directors held on 8 May 2025, we resolved to renew the Plan for Responding to Large-Scale Acquisitions of Our Shares (Takeover Defense Measures) after making partial revisions. To reflect the wishes of our shareholders regarding the Plan, we obtained their approval of the Plan at the 96th Annual General Meeting of Shareholders.」
Partially revised and renewed the takeover defense measures and obtained approval at the General Meeting of Shareholders. In addition to purchases of 20% or more, the measures cover the formation of joint holders and other matters, and the term runs through the conclusion of the General Meeting of Shareholders scheduled for late November 2028. - FY2024RestatedAnnual report
「The Plan applies to the following purchases and other transactions: (a) purchases and other transactions involving share certificates and other securities issued by us that would 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 us in which the total of the ownership ratio of share certificates and other securities subject to the tender offer and the ownership ratio held by the offeror’s specially related parties reaches 20% or more.」
Continues to describe the thresholds and procedures for the takeover defense measures updated and approved in 2022, covering large-scale acquisitions of 20% or more. - FY2019AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 May 2019, we resolved to renew the Plan for Responding to Large-Scale Acquisitions of Our Shares (Takeover Defense Measures) after making partial revisions. To reflect the wishes of our shareholders regarding the Plan, we obtained their approval of the Plan at the 90th Annual General Meeting of Shareholders.」
Partially revised and renewed the takeover defense measures and obtained approval at the General Meeting of Shareholders. The threshold for covered large-scale acquisitions is 20% or more, and the term runs through the conclusion of the Annual General Meeting of Shareholders for the fiscal year ending within 3 years. - FY2019-Q3RestatedAnnual report
「The Plan applies to the following purchases and other transactions: (a) purchases and other transactions involving share certificates and other securities issued by us that would 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 us in which the total of the ownership ratio of share certificates and other securities subject to the tender offer and the ownership ratio held by the offeror’s specially related parties reaches 20% or more.」
Continues to describe, as before, the thresholds, procedures and term for takeover defense measures covering large-scale acquisitions of 20% or more. - FY2019-Q2RestatedAnnual report
「The Plan applies to the following purchases and other transactions: (a) purchases and other transactions involving share certificates and other securities issued by us that would 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 us in which the total of the ownership ratio of share certificates and other securities subject to the tender offer and the ownership ratio held by the offeror’s specially related parties reaches 20% or more.」
Continues to describe, as before, the thresholds, procedures and term for takeover defense measures covering large-scale acquisitions of 20% or more. - FY2019-Q1RestatedAnnual report
「The Plan applies to the following purchases and other transactions: (a) purchases and other transactions involving share certificates and other securities issued by us that would 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 us in which the total of the ownership ratio of share certificates and other securities subject to the tender offer and the ownership ratio held by the offeror’s specially related parties reaches 20% or more.」
Continues to describe, as before, takeover defense measures covering large-scale acquisitions of 20% or more and requiring a determination by an Independent Committee. - FY2018RestatedAnnual report
「The Plan applies to the following purchases and other transactions: (a) purchases and other transactions involving share certificates and other securities issued by us that would 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 us in which the total of the ownership ratio of share certificates and other securities subject to the tender offer and the ownership ratio held by the offeror’s specially related parties reaches 20% or more.」
Continues to describe takeover defense measures covering large-scale acquisitions of 20% or more and requiring a determination by an Independent Committee. The term remains through the conclusion of the Annual General Meeting of Shareholders for the fiscal year ending within 3 years. - FY2018-Q3RestatedAnnual report
「The Plan applies to the following purchases and other transactions: (a) purchases and other transactions involving share certificates and other securities issued by us that would 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 us in which the total of the ownership ratio of share certificates and other securities subject to the tender offer and the ownership ratio held by the offeror’s specially related parties reaches 20% or more.」
Continues to describe the thresholds and procedures for takeover defense measures covering large-scale acquisitions of 20% or more. - FY2018-Q2RestatedAnnual report
「The Plan applies to the following purchases and other transactions: (a) purchases and other transactions involving share certificates and other securities issued by us that would 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 us in which the total of the ownership ratio of share certificates and other securities subject to the tender offer and the ownership ratio held by the offeror’s specially related parties reaches 20% or more.」
Continues to describe takeover defense measures covering large-scale acquisitions of 20% or more and requiring a determination by an Independent Committee. - FY2018-Q1RestatedAnnual report
「The Plan applies to the following purchases and other transactions: (a) purchases and other transactions involving share certificates and other securities issued by us that would 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 us in which the total of the ownership ratio of share certificates and other securities subject to the tender offer and the ownership ratio held by the offeror’s specially related parties reaches 20% or more.」
Continues to describe takeover defense measures covering large-scale acquisitions of 20% or more and requiring a determination by an Independent Committee. No material changes to the term or procedures are indicated. - FY2017-Q2RestatedAnnual report
「The Plan applies to the following purchases and other transactions: (a) purchases and other transactions involving share certificates and other securities issued by us that would 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 us in which the total of the ownership ratio of share certificates and other securities subject to the tender offer and the ownership ratio held by the offeror’s specially related parties reaches 20% or more.」
Continues to describe the thresholds and procedures under the large-scale acquisition response measures updated in May 2016 and approved at the General Meeting of Shareholders. - FY2016First statedAnnual report
「At a meeting of the Board of Directors held on 13 May 2016, we resolved to renew, without changes to its content, the Plan for Responding to Large-Scale Acquisitions of Our Shares (Takeover Defense Measures) (the plan after the revision is referred to below as the “Plan”). To reflect the wishes of our shareholders regarding the Plan, we obtained their approval of the Plan at the 87th Annual General Meeting of Shareholders.」
First appearance. Updated the framework covering purchases that would result in a holding ratio or tender offer ratio of 20% or more and require a determination by an Independent Committee. The term runs through the conclusion of the Annual General Meeting of Shareholders for the fiscal year ending within 3 years.