Source disclosure: February 25, 2026
Dai Nippon Toryo Company,Limited [4611.T]
TOKYO — Dai Nippon Toryo Co., Ltd. announced today that its board of directors has decided not to renew its "Plan Against Large-Scale Purchase of Shares and Other Securities" (Acquisition Defense Measures) upon the conclusion of its 143rd Ordinary General Meeting of Shareholders scheduled for June 24, 2026. The company also plans to remove relevant provisions from its articles of incorporation during this meeting.
The plan was first introduced at the company's 125th Ordinary General Meeting of Shareholders on June 27, 2008, following shareholder approval. Since then, it underwent several updates while maintaining its core purpose. Over the years, Dai Nippon Toryo has been committed to enhancing its corporate governance through robust information disclosure practices, increased dividends, and other measures aimed at boosting corporate value and sustainable growth. These efforts were aligned with the company’s vision to achieve consolidated sales of ¥1 trillion and operating income of ¥100 billion by fiscal year 2029 as part of its long-term strategy.
In making the decision to discontinue the acquisition defense measures, the company considered recent trends surrounding such strategies, feedback from shareholders including institutional investors both domestically and internationally, and the overall market environment. After thorough deliberation within the board, it concluded that discontinuing the current plan aligns better with its strategic objectives moving forward. Following the expiration of the plan, the company remains dedicated to ensuring and improving shareholder interests through various means, including providing necessary information to potential acquirers based on established guidelines and respecting independent external director opinions when disclosing board decisions.
Regarding changes to the articles of incorporation, Dai Nippon Toryo aims to eliminate all provisions related to the acquisition defense measures found in Chapter 8 and Article 46 of its existing charter. Specifically, these sections will be removed to reflect the non-renewal of the plan. This change is designed to streamline the company's governance structure and focus more directly on its business operations and shareholder value enhancement initiatives.
Note: Financial figures from the earnings presentation have been removed pending correction. For accurate figures, refer to the company's earnings summary (kessan tanshin) filed separately on TDNet.
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