Yasuda Logistics Corporation [9324.T]
TOKYO, May 08 (Pulse News Wire) – Yasuda Logistics Corporation (9324.T) announced today that its board of directors decided to discontinue the share acquisition defense plan effective upon the conclusion of its 158th Ordinary General Meeting of Shareholders scheduled for June 25, 2026. The company introduced the plan in 2008 to prevent inappropriate individuals from influencing its financial and operational policies.
It was last renewed in 2023 based on shareholder approval. However, considering recent trends surrounding acquisition defenses and aiming to execute its mid-term management plan "Stronger, One YASDA GROUP CHALLENGE 2027," the company concluded that continuing the plan beyond its expiration would not align with its governance objectives.
Despite discontinuing the plan, Yasuda Logistics stated it remains committed to protecting shareholder interests. In cases where large-scale acquisitions pose risks to corporate value, the company will request adequate time and information from the acquirer and take appropriate measures within legal boundaries.
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