Early Resolution of Preferred Shares
First written in FY2016. 12 of 17 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2025: 1 of 9 companies on the "Worse" side.
19 other companies' latest entry also says "Achieved".
- FY2024-Q3AchievedAnnual report
「The Company acquired the 1,500,000 Class B shares on 2 February 2024 and cancelled them on 5 February of the same year.」
The remaining 1,500,000 Class B shares were acquired on 2 February 2024 and cancelled on 5 February of the same year. The acquisition and cancellation of all remaining preferred shares was completed. - FY2024-Q2RaisedAnnual report
「In this context, on 6 November 2023, the Company entered into a basic agreement with 福岡銀行 concerning the treatment of the preferred shares. The purpose of the basic agreement is to limit the risk of dilution of the common shares by having the Company acquire all 1,500,000 remaining Class B preferred shares as treasury shares by 31 March 2024, subject to the approval and adoption at the Company's general meeting of shareholders of the resolutions legally required for the acquisition of treasury shares.」
The policy progressed from the previous objective of completing the process at an early stage to a specific target of acquiring all 1,500,000 remaining Class B shares by 31 March 2024. The schedule for executing the basic agreement, holding an extraordinary general meeting of shareholders, and acquiring and cancelling the shares was also presented. - FY2022SoftenedAnnual report
「There was no specific action concerning the preferred shares during the current period.」
Unlike the acquisition, delivery and cancellation of preferred shares that continued through fiscal 2020, no specific action was taken during the current fiscal year. The year-end balance of Class B shares was 1,500,000 shares. - FY2021AdvancedAnnual report
「Regarding the treatment of the preferred shares, 株式会社福岡銀行, the preferred shareholder, exercised its right on 16 July 2020 under the Company's Articles of Incorporation to request the acquisition by the Company of part of its Class B shares (650,000 shares). In exchange for acquiring these Class B shares, the Company delivered Class D shares (520,000 shares) and Class E shares (130,000 shares). Subsequently, on 31 July 2020, the Company acquired the Class D and Class E shares delivered to 株式会社福岡銀行, and on 31 August 2020 cancelled the Class B, Class D and Class E shares.」
For the 650,000 Class B shares, the delivery and acquisition of the Class D and Class E shares and the cancellation of the related shares were completed. The year-end balance of Class B shares was 1,500,000 shares. - FY2021-Q2AdvancedAnnual report
「On 31 August 2020, the Company cancelled the acquired 650,000 Class B shares, 520,000 Class D shares and 130,000 Class E shares pursuant to Article 178 of the Companies Act.」
Regarding the related shares associated with the acquisition request for 650,000 Class B shares in July 2020, the cancellation of the Class B, Class D and Class E shares was completed on 31 August. Of the preferred shares overall, 1,500,000 Class B shares remained outstanding. - FY2021-Q1AdvancedAnnual report
「(1) Acquisition date: 16 July 2020 (2) Seller: 株式会社福岡銀行 (3) Type and number of preferred shares subject to acquisition: 650,000 Class B shares (4) Type and number of preferred shares delivered pursuant to the exercise of the acquisition right: 520,000 Class D shares and 130,000 Class E shares. The Company also acquired the delivered 520,000 Class D shares and 130,000 Class E shares on 31 July 2020, pursuant to the Companies Act and the Company's Articles of Incorporation. The acquired treasury shares, comprising Class B shares, were scheduled for cancellation.」
The process had progressed through the acquisition of 650,000 Class B shares, the delivery of 520,000 Class D shares and 130,000 Class E shares, and the acquisition of the Class D and Class E shares. The acquired related shares were scheduled for cancellation. - FY2020AdvancedAnnual report
「Regarding the treatment of the preferred shares, 株式会社福岡銀行, the preferred shareholder, exercised its right on 18 July 2019 under the Company's Articles of Incorporation to request the acquisition by the Company of part of its Class B shares (850,000 shares). In exchange for acquiring these Class B shares, the Company delivered Class D shares (680,000 shares) and Class E shares (170,000 shares). Subsequently, on 31 July 2019, the Company acquired the Class D and Class E shares delivered to 株式会社福岡銀行, and on 30 August 2019 cancelled the Class B, Class D and Class E shares.」
For the 850,000 Class B shares, the delivery and acquisition of 680,000 Class D shares and 170,000 Class E shares and the cancellation of the related shares were completed. The remaining Class B shares amounted to 2,150,000 shares, and the treatment of all preferred shares was not stated to have been completed. - FY2020-Q2AdvancedAnnual report
「On 18 July 2019, 株式会社福岡銀行, the Class B shareholder, exercised its right under Article 14-4 of the Company's Articles of Incorporation to request the acquisition by the Company of 850,000 Class B shares. In exchange for acquiring these Class B shares, the Company delivered 680,000 Class D shares and 170,000 Class E shares to 株式会社福岡銀行 on the same date. The Company also acquired the delivered 680,000 Class D shares and 170,000 Class E shares on 31 July 2019, pursuant to the Companies Act and the Company's Articles of Incorporation. On 30 August 2019, the Company cancelled the acquired 850,000 Class B shares, 680,000 Class D shares and 170,000 Class E shares pursuant to Article 178 of the Companies Act.」
Following the acquisition of 850,000 Class B shares and the delivery and acquisition of 680,000 Class D shares and 170,000 Class E shares, the related shares were cancelled on 30 August 2019. - FY2020-Q1AdvancedAnnual report
「On 18 July 2019, a Class B shareholder exercised its right under Article 14-4 of the Company's Articles of Incorporation to request the acquisition by the Company of 850,000 Class B shares. In exchange for acquiring these Class B shares, the Company delivered 680,000 Class D shares and 170,000 Class E shares to the Class B shareholder on the same date. The Company also acquired the delivered 680,000 Class D shares and 170,000 Class E shares on 31 July 2019, pursuant to the Companies Act and the Company's Articles of Incorporation. The Company plans to cancel the acquired 850,000 Class B shares, 680,000 Class D shares and 170,000 Class E shares.」
With respect to the preferred shares, the process had progressed through the acquisition of 850,000 Class B shares, the delivery of 680,000 Class D shares and 170,000 Class E shares, and the acquisition of the Class D and Class E shares. The acquired shares were scheduled for cancellation, and subsequent significant events also disclosed the cash acquisition and compulsory acquisition of the Class D and Class E shares. - FY2019AdvancedAnnual report
「Regarding the treatment of the preferred shares, 株式会社福岡銀行, the preferred shareholder, exercised its right under the Company's Articles of Incorporation to request the acquisition by the Company of part of its Class B shares (300,000 shares). In exchange for acquiring these Class B shares, the Company delivered Class D shares (240,000 shares) and Class E shares (60,000 shares). Subsequently, the Company acquired the Class D and Class E shares delivered to 株式会社福岡銀行 and cancelled the Class B, Class D and Class E shares.」
The 300,000 Class B shares, 240,000 Class D shares and 60,000 Class E shares were acquired, delivered, subsequently acquired and cancelled. - FY2019-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 30 August 2018, the Company resolved, pursuant to Article 178 of the Companies Act, to cancel the treasury shares acquired on 31 July 2018, comprising Class D and Class E shares, in accordance with the Companies Act and the Company's Articles of Incorporation, and cancelled them on 31 August 2018. As a result, retained earnings decreased by ¥300 million.」
On 31 August 2018, the Company cancelled the 240,000 Class D shares and 60,000 Class E shares acquired pursuant to the acquisition request for 300,000 Class B shares, together with the 300,000 Class B shares. - FY2019-Q1AdvancedAnnual report
「On 19 July 2018, a Class B shareholder exercised its right under Article 14-4 of the Company's Articles of Incorporation to request the acquisition by the Company of 300,000 Class B shares. In exchange for acquiring these Class B shares, the Company delivered 240,000 Class D shares and 60,000 Class E shares to the Class B shareholder on the same date. The Company also acquired the delivered 240,000 Class D shares and 60,000 Class E shares on 31 July 2018, pursuant to the Companies Act and the Company's Articles of Incorporation. The Company plans to cancel the acquired 300,000 Class B shares, 240,000 Class D shares and 60,000 Class E shares.」
The process had progressed through the acquisition of 300,000 Class B shares and the delivery of 240,000 Class D shares and 60,000 Class E shares on 19 July 2018, followed by the acquisition of the Class D and Class E shares on 31 July. The acquired shares were scheduled for cancellation. - FY2018AdvancedAnnual report
「Regarding the treatment of the preferred shares, 株式会社福岡銀行, the preferred shareholder, exercised its right under the Company's Articles of Incorporation to request the acquisition by the Company of part of its Class B shares (650,000 shares). In exchange for acquiring these Class B shares, the Company delivered Class D shares (520,000 shares) and Class E shares (130,000 shares). Subsequently, the Company acquired the Class D and Class E shares delivered to 株式会社福岡銀行 and cancelled the Class B, Class D and Class E shares.」
The Company delivered, acquired and cancelled 520,000 Class D shares and 130,000 Class E shares pursuant to the acquisition request for 650,000 Class B shares. - FY2018-Q2AdvancedAnnual report
「On 1 September 2017, the company cancelled the acquired 650,000 Class B shares, 520,000 Class D shares, and 130,000 Class E shares pursuant to Article 178 of the Companies Act.」
The acquisition of 520,000 Class D shares and 130,000 Class E shares pursuant to the acquisition request for 650,000 Class B shares, as well as the cancellation of these and other shares, has been completed. - FY2018-Q1AdvancedAnnual report
「On 19 July 2017, a Class B shareholder exercised its right to demand the acquisition of 650,000 Class B shares by the company pursuant to Article 14-4 of the company's Articles of Incorporation. On the same date, in exchange for acquiring the 650,000 Class B shares, the company delivered 520,000 Class D shares and 130,000 Class E shares to the Class B shareholder. On 31 July 2017, the company acquired the 520,000 Class D shares and 130,000 Class E shares it had delivered, pursuant to the Companies Act and the company's Articles of Incorporation. The company plans to cancel the acquired 650,000 Class B shares, 520,000 Class D shares, and 130,000 Class E shares.」
Regarding the early treatment of preferred shares, the process had advanced to the acquisition of 650 thousand Class B shares and the delivery and acquisition of 520 thousand Class D shares and 130 thousand Class E shares. The acquired shares were scheduled for cancellation. - FY2017SoftenedAnnual report
「Regarding the treatment of preferred shares, no specific action was taken during the current consolidated fiscal year.」
The company stated that, despite its existing objective of early treatment of the preferred shares, no specific action was taken during the current fiscal year. - FY2016First statedAnnual report
「Regarding the treatment of preferred shares, the company will confirm the intentions of the preferred shareholders and secure planned profits so that the group can complete the process early, proceeding steadily with the treatment.」
While the company acquired and cancelled 425 thousand Class B shares and other shares during the current period, it is also targeting the early treatment of the remaining Class B shares.