TOKYO, May 15 (Pulse News Wire) – MITANI CORPORATION (8066.T) updated its share acquisition plan during a board meeting held on May 15, 2023. The revised plan, set to expire on June 25, 2026, requires shareholder approval at the upcoming annual general meeting scheduled for the same day.
The update aims to prevent unsuitable entities from influencing the company's financial and operational decision-making processes. As of March 31, 2026, major shareholders holding more than 22.2% of outstanding shares included independent entities such as Sekisan Corporation and the Mitani Shinnichi Educational Foundation.
Recognizing potential shifts in ownership due to future transfers or disposals, the company implemented stricter procedures for handling large-scale share acquisitions. Under the new plan, potential acquirers must provide comprehensive information and adhere to a 60-day evaluation period before initiating any buyout actions.
Additionally, an independent committee will assess whether proposed acquisitions significantly harm the company’s value or shareholder interests, recommending appropriate countermeasures to the board.
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