TOKYO, May 13 (Pulse News Wire) – Fujicco CO.,LTD. (2908.T) updated its anti-takeover plan, introducing a special independent committee to review takeover decisions made by the board based on recommendations from the advisory committee.
The changes aim to respect shareholder opinions more and enhance transparency. Under the new plan, the special independent committee will assess the legality and appropriateness of the board's decision to activate countermeasures against hostile takeovers, ensuring shareholders' collective interests are protected. The revised plan requires potential acquirers to disclose extensive information prior to making significant share purchases. Fujicco’s board will seek approval from shareholders at the upcoming annual general meeting scheduled for June 25 to adopt the updated measures.
As of now, the company has not received any proposals for large-scale share acquisitions or takeover bids. In addition, Fujicco emphasized its commitment to long-term sustainable growth and maintaining stakeholder trust through continuous investment in product development and safety measures. The company plans to continue paying stable dividends, targeting a dividend per share of at least ¥46 annually. For the fiscal year ending March 2026, Fujicco has already approved a dividend of ¥46.
The company also expects to maintain a similar dividend payout for the next fiscal year.
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