The Tokyo High Court dismissed the investment company's immediate appeal, with an investment company, which is a shareholder, requesting a protection of the Tokyo Machinery Manufacturing Office to prevent the protection of defense measures. The Tokyo Machinery, a major newspaper turning point, introduced an acquisition defense measures at the extraordinary general meeting of shareholders last month in response to the fact that the Asian development capital side bought the stocks of Tokyo machinery to over one -third. In response, the Asian Development Capital side filed with the Tokyo District Court for a provisional disposition calling for a suspension of the acquisition defense measures, but since it was rejected last month, the Asian Development Capital side immediately appealed. In the Tokyo High Court, the Tokyo High Court on September 9 said that the Tokyo Machinery continued to acquire shares without clarifying the specific management policy, stating the purpose of acquiring stocks as "dominance". Recognized that it was necessary to take, and forced the Tokyo District Court's decision last month and dismissed immediately. In addition, the defense measures were determined to be 79 % of shareholders excluding stakeholders at the extraordinary general meeting of shareholders, and were passed, and there was no problem. This was an unusual case made by the General Meeting of Shareholders, except for large shareholders who are stakeholders, and the court's decision was attracting attention.
