Improving the Free-Float Ratio and Shareholder Returns Through a Public Tender Offer for and Cancellation of Treasury Shares
First written in FY2024-Q2. 1 of 2 entries say "Achieved", first in FY2024-Q3. Latest entry: FY2024-Q3.
58 other companies' latest entry also says "Achieved".
- FY2024-Q3AchievedAnnual report
「Based on a resolution at a meeting of the Board of Directors held on 8 December 2023, the company cancelled 609,201 treasury shares effective 22 December 2023. As a result, retained earnings and treasury shares each decreased by ¥523.834 million during the cumulative third-quarter consolidated period.」
Following the acquisition of 500,000 treasury shares, the company cancelled 609,201 shares on 22 December 2023, completing the previously planned cancellation. - FY2024-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 8 September 2023, the company resolved to acquire treasury shares pursuant to Article 165, Paragraph 3 of the Companies Act, which applies by replacing the terms of Article 156, Paragraph 1 of the same Act, and the provisions of its Articles of Incorporation, and to conduct a tender offer for treasury shares as the specific acquisition method. The shares were acquired on 1 November 2023. The treasury shares acquired through this tender offer are scheduled to be cancelled by the end of March 2024.」
The company resolved to conduct and completed a tender offer for treasury shares, with cancellation scheduled by the end of March 2024. The tender offer had a maximum of 550,000 shares and ¥502,791,400; the actual acquisition was 500,000 shares for ¥457,000,000. The stated objectives were to improve the tradable share ratio, EPS and ROE, and return profits to shareholders.