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An announcement from Yasuda Logistics Corporation ( (JP:9324) ) is now available.
Yasuda Logistics Corporation will abolish its large-scale share purchase measures, a so-called takeover defense plan, when the current scheme expires at the conclusion of its 158th annual general meeting on June 25, 2026. The plan, originally introduced in 2008 and last renewed with shareholder approval in 2023, was designed to prevent inappropriate parties from gaining control over the company’s financial and business policies.
The board decided not to renew the plan after reassessing it in light of recent trends in acquisition policy and the company’s mid-term management priorities. Even without the formal scheme, Yasuda Logistics says it will respond to any hostile or value-damaging large-scale share purchases by demanding sufficient time and information for shareholders and by taking measures permitted under Japanese financial and corporate law to protect corporate value and shareholder interests.
More about Yasuda Logistics Corporation
Yasuda Logistics Corporation is a Japan-based logistics company listed on the Tokyo Stock Exchange Prime Market under securities code 9324. The company provides logistics services and is pursuing a mid-term management plan for fiscal years 2025 to 2027, with a focus on strengthening corporate governance and enhancing corporate value in its operations and stakeholder relationships.
Average Trading Volume: 103,421
Technical Sentiment Signal: Buy
Current Market Cap: Yen63.69B
For an in-depth examination of 9324 stock, go to TipRanks’ Overview page.