Strengthening the Financial Base and Partnering in the Health Sector through a Third-Party Allotment of Treasury Shares
First written in FY2021-Q1. 1 of 2 entries say "Achieved", first in FY2021-Q2. Latest entry: FY2021-Q2.
7 other companies' latest entry also says "Achieved".
- FY2021-Q2AchievedAnnual report
「In August, we conducted a third-party allotment of treasury shares to Sompo Holdings,Inc. and Sumitomo Life Insurance Company and raised approximately ¥2.7 billion.」
Completed an August third-party allotment of 2,603,500 treasury shares to Sompo Holdings,Inc. and Sumitomo Life Insurance Company, raising approximately ¥2.7 billion. - FY2021-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 28 July 2020, we resolved to dispose of treasury shares through a third-party allotment as follows. Type and number of shares to be disposed of: 2,603,500 common shares. Total disposal price: ¥2,731,071,500. Allottees (scheduled allottees): Sompo Holdings,Inc.; Sumitomo Life Insurance Company. Use of proceeds: The proceeds will be used in part to repay borrowings from financial institution partners falling due between August 2020 and April 2021. We aim to improve our equity ratio by repaying borrowings, strengthen our financial base, maintain and secure financial soundness over the long term, and enhance corporate and shareholder value.」
Resolved to dispose of 2,603,500 treasury shares through a third-party allotment for a total of ¥2,731,071,500, with the proceeds planned for debt repayment and improvement of the equity ratio. It also stated that partnerships with Sompo Holdings,Inc. in health solutions and data utilization and with Sumitomo Life in Vitality would be pursued.