Capital Strengthening and Voting Rights Design Using Class Shares
First written in FY2016. 7 of 11 entries say "Advanced", first in FY2017. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AdvancedAnnual report
「Public offering for listing on the Tokyo Stock Exchange Standard Market: 11,000,000 shares」
Following the third-party allotment, the company conducted a public offering of 11 million common shares in connection with its listing, increasing both share capital and the capital reserve by ¥966.460 million. - FY2024AdvancedAnnual report
「9 February 2024: A capital increase through a third-party allotment increased the total number of issued shares by 185,000 and increased both share capital and the capital reserve by ¥16.465 million.」
The company issued 185,000 common shares through a third-party allotment, increasing both share capital and the capital reserve by ¥16.465 million. - FY2020-Q3AdvancedAnnual report
「A third-party allotment with a payment date of 10 October 2019 increased the total number of issued shares by 440,000 and increased both share capital and the capital reserve by ¥22.000 million.」
The company conducted a third-party allotment, increasing the total number of issued common and other shares, share capital, and the capital reserve. - FY2019ReframedAnnual report
「From 26 June 2019 onward, on a date separately determined by the company's Board of Directors, the company may, to the extent permitted by law, acquire all or part of the issued Class B shares in exchange for delivering cash equal to ¥1,000 per Class B share plus an amount equivalent to the accrued Class B dividend.」
The company has established a cash consideration acquisition provision for the non-voting Class B shares, under which the company may acquire them from 26 June 2019 onward. - FY2019-Q3RestatedAnnual report
「Class B shareholders do not have voting rights at general meetings of shareholders.」
As of the end of the third quarter, common shares and Class B shares were issued, and the non-voting structure of the Class B shares remained in place. - FY2018AdvancedAnnual report
「The decrease in the total number of issued shares, comprising 4,215 thousand Class A shares, 114 thousand Class B shares, and 2,000 thousand Class C shares, resulted from the cancellation of shares.」
The company cancelled all Class A and Class C shares and 114 thousand Class B shares, proceeding with the rationalisation of its classes of shares. Together with the capital strengthening implemented in the previous fiscal year through a third-party allotment of common shares, this formalised the restructuring of the capital structure. - FY2018-Q3AdvancedAnnual report
「The company intends to cancel treasury shares to dispel concerns about future dilution and for other purposes.」
The company resolved to cancel all Class A and Class C treasury shares to dispel concerns about future dilution. The scheduled cancellation date was 14 March 2018, and the cancellation had not yet been carried out as of the reporting date. - FY2018-Q1AdvancedAnnual report
「Based on resolutions passed at a meeting of the Board of Directors held on 8 March 2017, the company issued common shares through a third-party allotment on 27 April 2017, increasing both share capital and the capital reserve by ¥1,950.138 million. In addition, based on resolutions passed at a meeting of the Board of Directors held on 8 March 2017 and an extraordinary general meeting of shareholders held on 19 April 2017, the company acquired and cancelled treasury shares on 28 April 2017, reducing capital surplus by ¥2,536.607 million and retained earnings by ¥1,363.670 million.」
The company increased share capital and the capital reserve through a third-party allotment of common shares, and acquired and cancelled Class A and Class B shares. - FY2017AdvancedAnnual report
「To dispose of the classes of shares issued during the reconstruction of the company's group and strengthen its financial position」
The company used the proceeds from the issuance of common shares through a third-party allotment to acquire Class A and Class B shares, and described the restructuring of its capital structure through their cancellation on 28 April 2017. - FY2017-Q2RestatedAnnual report
「Reason for having no voting rights: This was because the impact on existing shareholders was taken into consideration in strengthening the capital base.」
The company continues to explain that the non-voting status of Class A, Class B, and Class C shares is intended to strengthen the capital base while taking the impact on existing shareholders into consideration. - FY2016First statedAnnual report
「Reason for having no voting rights: This was because the impact on existing shareholders was taken into consideration in strengthening the capital base.」
The company explains that it issued Class A, Class B, and Class C shares without voting rights to strengthen its capital base while taking the impact on existing shareholders into consideration.