Improving Capital Efficiency Through Share Repurchases and Tender Offers
First written in FY2018-Q1. 4 of 6 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2022.
58 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「Decrease due to cancellation of treasury shares 4,061,422 shares」
The company cancelled 4,061,422 treasury shares on 28 February 2022, reducing the balance of treasury shares to zero. - FY2022-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 February 2022, the company resolved to cancel treasury shares pursuant to Article 178 of the Companies Act and, separately, to transfer funds from the reserve for other purposes pursuant to the provisions of Article 459, Paragraph 1 of the same Act in the Articles of Incorporation.」
The company resolved to cancel 4,061,422 treasury shares on 28 February 2022 and transfer ¥28.27 billion from the reserve for other purposes to retained earnings brought forward. These measures were specified as enabling flexible capital policies, including shareholder returns. - FY2018AdvancedAnnual report
「At a meeting of the Board of Directors held on 24 January 2018, the company resolved to acquire treasury shares and to conduct a tender offer for its treasury shares as the specific acquisition method, pursuant to Article 156, Paragraph 1 of the Companies Act as applied by replacing the terms under Article 165, Paragraph 3 of the same Act, and in accordance with the provisions of the company’s Articles of Incorporation.」
The company resolved to conduct its second tender offer for treasury shares and acquired 600,000 shares for ¥1,678 million during the fiscal year. Treasury shares held at fiscal year-end totaled 4,061,303 shares. - FY2018-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 24 January 2018, the company resolved to acquire treasury shares and to conduct a tender offer for its treasury shares as the specific acquisition method, pursuant to Article 156, Paragraph 1 of the Companies Act as applied by replacing the terms under Article 165, Paragraph 3 of the same Act, and in accordance with the provisions of the company’s Articles of Incorporation.」
Following the previous acquisition of 600,300 treasury shares, the company resolved to conduct its second tender offer for treasury shares, capped at 660,100 shares and a total of ¥1,846,299,700, for the purpose of improving capital efficiency and returning profits to shareholders. - FY2018-Q2AdvancedAnnual report
「Pursuant to a resolution of the Board of Directors held on 19 July 2017, the company acquired 600,300 treasury shares. As a result, treasury shares increased by ¥1,508 million during the six months ended 30 September, bringing treasury shares to ¥5,805 million at the end of the second quarter.」
The company’s plan for a tender offer for treasury shares resulted in the acquisition of 600,300 shares for ¥1,508 million. - FY2018-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 19 July 2017, the company resolved to acquire treasury shares and to conduct a tender offer for its treasury shares as the specific acquisition method, pursuant to Article 156, Paragraph 1 of the Companies Act as applied by replacing the terms under Article 165, Paragraph 3 of the same Act, and in accordance with the provisions of the company’s Articles of Incorporation.」
For the purpose of improving capital efficiency and returning profits to shareholders, the company resolved to acquire up to 660,100 treasury shares for a total acquisition price of up to ¥1,658,831,300 and stated for the first time its plan to conduct a tender offer. The acquisition period was set from 20 July to 29 September 2017, and the tender offer period from 20 July to 17 August 2017.