Takamatsu Machinery Extends Anti-Takeover Plan Until Next Annual Meeting

TOKYO, May 18 (Pulse News Wire) – Takamatsu Machinery CO.,LTD. (6155.T) extended its anti-takeover plan until the next annual shareholders' meeting scheduled for May 18, 2026.

The board confirmed the continuation of the existing plan, which includes revisions such as clarifying definitions of large-scale share purchases and setting limits on information provision periods. The revised plan requires potential acquirers to disclose necessary information and allows up to 60 trading days for evaluation by the board. Key changes involve defining large-scale buyout behaviors more clearly and ensuring adequate time for shareholder deliberation.

The plan also mandates independent committee reviews to ensure fair decision-making processes. Shareholders approved the extension during their regular meetings, subject to approval at the upcoming meeting on May 18, 2026. Under the updated measures, the company's board will assess proposed acquisitions based on predefined criteria aimed at protecting corporate value and shareholder interests.

Any significant deviation from these principles could trigger defensive actions, including issuing free subscription warrants to dilute the buyer’s stake.