MEDIA DO Adopts Corporate Control Policy After Hikari Tsushin Builds 20% Stake

MEDIA DO Co., Ltd. ( (JP:3678) ) has shared an update.

MEDIA DO has adopted a new Fundamental Policy on Corporate Control and introduced a response policy for large-scale share purchase activities after learning that Hikari Tsushin and its joint holders had accumulated more than 20% of its shares. Although Hikari Tsushin has described its stake as a “pure investment,” MEDIA DO’s board, citing Hikari Tsushin’s past activism at other listed companies, concluded that the accumulation could be aimed at exerting management influence and may pose risks to the company’s corporate value and the common interests of shareholders, prompting the formalization of procedures for any large-scale acquirer. The board unanimously approved the Response Policy, which is specifically framed as a measure addressing the ongoing accumulation rather than a standing peacetime takeover defense, and simultaneously set up an Independent Committee of outside directors and an outside Audit & Supervisory Board member to oversee the policy’s operation and ensure objective, shareholder-oriented decision-making.

The most recent analyst rating on (JP:3678) stock is a Buy with a Yen1909.00 price target. To see the full list of analyst forecasts on MEDIA DO Co., Ltd. stock, see the JP:3678 Stock Forecast page.

More about MEDIA DO Co., Ltd.

MEDIA DO Co., Ltd. is a Tokyo Stock Exchange Prime–listed company (securities code 3678) operating in the digital content and publishing-related services sector, acting as an intermediary in the distribution and management of e-books and other digital media. The company focuses on supporting publishers and retailers through platforms and solutions that enhance the circulation, monetization and protection of digital content in the Japanese and broader Asian markets.

Average Trading Volume: 51,065

Technical Sentiment Signal: Hold

Current Market Cap: Yen27.62B

Learn more about 3678 stock on TipRanks’ Stock Analysis page.