Response to Large-Scale Acquirers on the Premise of Not Establishing Takeover Defense Measures
First written in FY2018. 8 of 10 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 1 of 6 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「At present, the Company has not established specific measures to prevent a person from acquiring a large number of the Company's shares, namely a policy for responding to takeovers. However, if a person seeking to acquire a large number of the Company's shares emerges and the acquisition is judged to be by an inappropriate party, the Company will carefully assess the acquirer's purpose of acquisition and proposal, with the involvement of outside experts, in light of the policy described above and the common interests of shareholders, and will promptly decide and implement the specific countermeasures and other measures to be taken.」
The Company continues its longstanding policy of establishing no specific takeover defense measures and making an individual assessment and implementing countermeasures when a response to a takeover is necessary. - FY2024ReframedAnnual report
「At present, the Company has not established specific measures to prevent a person from acquiring a large number of the Company's shares, namely a policy for responding to takeovers. However, if a person seeking to acquire a large number of the Company's shares emerges and the acquisition is judged to be by an inappropriate party, the Company will carefully assess the acquirer's purpose of acquisition and proposal, with the involvement of outside experts, in light of the policy described above and the common interests of shareholders, and will promptly decide and implement the specific countermeasures and other measures to be taken.」
While maintaining its longstanding policy of establishing no specific takeover defense measures, the Company has revised the wording from “takeover defense measures” to “policy for responding to takeovers” and states that it will implement countermeasures if such a situation arises. - FY2021RestatedAnnual report
「At present, the Company has not established specific measures to prevent a person from acquiring a large number of the Company's shares.」
While no specific takeover defense measures have been established, the Company continues its policy of making an individual assessment and deciding on and implementing countermeasures if an inappropriate large-scale acquirer emerges. - FY2020RestatedAnnual report
「At present, the Company has not established specific measures to prevent a person from acquiring a large number of the Company's shares, namely takeover defense measures. However, if a person seeking to acquire a large number of the Company's shares emerges and the acquisition is judged to be by an inappropriate party, the Company will carefully assess the acquirer's purpose of acquisition and proposal, with the involvement of outside experts, in light of the policy described above and the common interests of shareholders, and will promptly decide and implement the specific countermeasures and other measures to be taken.」
While no specific takeover defense measures have been established, the Company continues its policy of making an assessment with the involvement of outside experts and deciding on and implementing countermeasures if an inappropriate large-scale acquirer emerges. - FY2020-Q3RestatedAnnual report
「At present, the Company has not established specific measures to prevent a person from acquiring a large number of the Company's shares, namely takeover defense measures. However, if a person seeking to acquire a large number of the Company's shares emerges and the acquisition is judged to be by an inappropriate party, the Company will carefully assess the acquirer's purpose of acquisition and proposal, with the involvement of outside experts, in light of the policy described above and the common interests of shareholders, and will promptly decide and implement the specific countermeasures and other measures to be taken.」
While no specific takeover defense measures have been established, the Company reconfirms its policy of assessing the purpose of the acquisition and the proposal in light of the common interests of shareholders and deciding on and implementing countermeasures if an inappropriate large-scale acquirer emerges. - FY2020-Q2RestatedAnnual report
「At present, the Company has not established specific measures to prevent a person from acquiring a large number of the Company's shares, namely takeover defense measures. However, if a person seeking to acquire a large number of the Company's shares emerges and the acquisition is judged to be by an inappropriate party, the Company will carefully assess the acquirer's purpose of acquisition and proposal, with the involvement of outside experts, in light of the policy described above and the common interests of shareholders, and will promptly decide and implement the specific countermeasures and other measures to be taken.」
While no specific takeover defense measures have been established, the Company reconfirms its policy of making an individual assessment and deciding on and implementing countermeasures against an inappropriate large-scale acquirer. - FY2019-Q3RestatedAnnual report
「At present, the Company has not established specific measures to prevent a person from acquiring a large number of the Company's shares, namely takeover defense measures. However, if a person seeking to acquire a large number of the Company's shares emerges and the acquisition is judged to be by an inappropriate party, the Company will carefully assess the acquirer's purpose of acquisition and proposal, with the involvement of outside experts, in light of the policy described above and the common interests of shareholders, and will promptly decide and implement the specific countermeasures and other measures to be taken.」
While no specific takeover defense measures have been established, the Company reconfirms its policy of assessing the purpose of the acquisition and the proposal in light of the common interests of shareholders and deciding on and implementing countermeasures if an inappropriate large-scale acquirer emerges. - FY2019-Q2RestatedAnnual report
「At present, the Company has not established specific measures to prevent a person from acquiring a large number of the Company's shares, namely takeover defense measures. However, if a person seeking to acquire a large number of the Company's shares emerges and the acquisition is judged to be by an inappropriate party, the Company will carefully assess the acquirer's purpose of acquisition and proposal, with the involvement of outside experts, in light of the policy described above and the common interests of shareholders, and will promptly decide and implement the specific countermeasures and other measures to be taken.」
While no specific takeover defense measures have been established, the Company reconfirms its policy of assessing the purpose of the acquisition and the proposal in light of the common interests of shareholders and deciding on and implementing countermeasures if an inappropriate large-scale acquirer emerges. - FY2019-Q1RestatedAnnual report
「At present, the Company has not established specific measures to prevent a person from acquiring a large number of the Company's shares, namely takeover defense measures. However, if a person seeking to acquire a large number of the Company's shares emerges and the acquisition is judged to be by an inappropriate party, the Company will carefully assess the acquirer's purpose of acquisition and proposal, with the involvement of outside experts, in light of the policy described above and the common interests of shareholders, and will promptly decide and implement the specific countermeasures and other measures to be taken.」
While no specific takeover defense measures have been established, the Company reconfirms its policy of assessing the purpose of the acquisition and the proposal in light of the common interests of shareholders and deciding on and implementing countermeasures if an inappropriate large-scale acquirer emerges. - FY2018First statedAnnual report
「At present, the Company has not established specific measures to prevent a person from acquiring a large number of the Company's shares, namely takeover defense measures. However, if a person seeking to acquire a large number of the Company's shares emerges and the acquisition is judged to be by an inappropriate party, the Company will carefully assess the acquirer's purpose of acquisition and proposal, with the involvement of outside experts, in light of the policy described above and the common interests of shareholders, and will promptly decide and implement the specific countermeasures and other measures to be taken.」
While no specific takeover defense measures have been established, the Company states that if an inappropriate large-scale acquirer emerges, it will assess the purpose of the acquisition and the proposal in light of the common interests of shareholders and decide on and implement countermeasures.