TOKYO, May 22 (Pulse News Wire) – S&B Foods Inc. (2805.T) updated its share buyback defense plan during a board meeting held on May 22, 2026.
The revised plan, effective upon approval at the upcoming annual shareholders' meeting scheduled for June 27, 2008, includes changes to definitions of large-scale share purchases and special committees to ensure transaction fairness. Key updates also involve refining language and correcting dates. As of June 29, 2023, there have been no notifications or proposals of large-scale share acquisitions from third parties. The company's defense strategy aims to protect its enterprise value and shareholder interests by providing necessary time and information for shareholders to make informed decisions.
It allows the board to negotiate with potential acquirers and propose alternative plans. Additionally, the plan ensures that any measures taken against unsuitable acquisition attempts align with the company’s long-term growth objectives. S&B Foods emphasizes maintaining its brand strength rooted in its founding philosophy and continuous efforts to enhance product quality and customer satisfaction. The company remains committed to sustainable development through innovation and adherence to corporate governance principles.
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