Policy for Responding to Large-Scale Purchase Proposals and Purchases
First written in FY2017-Q1. 6 of 9 entries say "Restated". Latest entry: 2026-08-04.
The whole theme swung hardest in 2026: 1 of 6 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- 2026-08-04RestatedGeneral Meetings of Shareholders
「Going forward, with respect to any party seeking to conduct a large-scale purchase of our shares, we will request the provision of necessary and sufficient information to enable shareholders to make appropriate decisions. We will also express and disclose the opinions of the Board of Directors and endeavor to secure sufficient time for shareholders to consider the matter, taking appropriate measures within the scope permitted by the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations.」
Does not state that takeover defense measures have been reintroduced; instead, it continues the existing policy of requesting information, expressing and disclosing opinions, and securing time for consideration. - FY2023RestatedAnnual report
「Going forward, with respect to any party seeking to conduct a large-scale purchase of our shares, we will request the provision of necessary and sufficient information to enable shareholders to make appropriate decisions. We will also express and disclose the opinions of the Board of Directors and endeavor to secure sufficient time for shareholders to consider the matter, taking appropriate measures within the scope permitted by the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations.」
The Company does not state that it reintroduced a takeover defense measure, and continues its policy of providing information, disclosing opinions and securing time for consideration within the scope permitted by law. - FY2020RestatedAnnual report
「Going forward, with respect to any party seeking to conduct a large-scale purchase of our shares, we will request the provision of necessary and sufficient information to enable shareholders to make appropriate decisions. We will also express and disclose the opinions of the Board of Directors and endeavor to secure sufficient time for shareholders to consider the matter, taking appropriate measures within the scope permitted by the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations.」
The Company does not state that it reintroduced a takeover defense measure, but continues to indicate a policy of providing information, disclosing opinions and securing time for consideration within the scope permitted by law. - FY2019ReframedAnnual report
「With respect to any party seeking to make a large-scale purchase of the Company's shares, the Company will request the provision of the necessary and sufficient information for shareholders to make an appropriate decision, express and disclose the opinions of the Board of Directors, and endeavor to secure sufficient time for shareholders to consider the matter, while taking appropriate measures within the scope permitted by the Financial Instruments and Exchange Act, the Companies Act and other applicable laws and regulations.」
The Company does not state that it continued or reintroduced a takeover defense measure, but has reorganized its policy as a response within the scope permitted by law, including providing information to shareholders, disclosing the opinions of the Board of Directors and securing time for consideration. - FY2018DroppedAnnual report
「After carefully considering changes in the external environment, including the views of shareholders such as institutional investors in Japan and overseas, recent developments concerning takeover defense measures, and the growing adoption of the Corporate Governance Code, the Company decided not to continue this policy and to abolish it upon the conclusion of the 50th Annual General Meeting of Shareholders in August 2017.」
The Company explicitly states that it abolished the policy for responding to large-scale purchase proposals and purchases, namely the takeover defense measure, upon the conclusion of the 50th Annual General Meeting of Shareholders. - FY2017RestatedAnnual report
「The effective period of this plan will expire upon the conclusion of the 50th Annual General Meeting of Shareholders scheduled to be held in August 2017.」
The Company continues to describe the contents of the takeover defense measure and its scheduled expiration in August 2017. - FY2017-Q3RestatedAnnual report
「The effective period of this plan will expire upon the conclusion of the 50th Annual General Meeting of Shareholders scheduled to be held in August 2017.」
The Company continues to describe the contents of the takeover defense measure and its scheduled expiration in August 2017. - FY2017-Q2RestatedAnnual report
「The effective period of this plan will expire upon the conclusion of the 50th Annual General Meeting of Shareholders scheduled to be held in August 2017.」
The Company continues to describe the contents and effective period of the takeover defense measure, with no change indicated. - FY2017-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 7 March 2008, the Company resolved to introduce a policy for responding to large-scale purchase proposals and purchases of the Company's shares, namely a takeover defense measure, and introduced it with the approval of shareholders at the 41st Annual General Meeting of Shareholders held on 26 August 2008.」
The policy was described as a framework for securing information and time concerning large-scale purchases, presenting alternatives and conducting negotiations, with its effective period ending upon the conclusion of the 50th Annual General Meeting of Shareholders scheduled for August 2017.