Improving Capital Efficiency and Avoiding Share Price Declines Through Repurchases From Specific Shareholders
First written in FY2020-Q3. 2 of 6 entries say "Achieved", first in FY2022-Q2. Latest entry: FY2024.
95 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「Pursuant to a resolution of the board of directors at its meeting held on 30 May 2024, the company acquired 150,000 treasury shares.」
The company acquired 150,000 treasury shares for ¥652,217 thousand during the acquisition period from 31 May to 30 August 2024. - FY2024-H1AdvancedAnnual report
「Pursuant to a resolution of the board of directors at its meeting held on 30 May 2024, the company acquired 91,400 treasury shares.」
The company acquired 91,400 treasury shares pursuant to the board resolution of 30 May 2024 for ¥394,938 thousand. - FY2022AchievedAnnual report
「The company used 227,344 treasury shares it held to deliver part of the shares, and issued new common shares for the remainder.」
Treasury shares acquired under the 30 March 2022 resolution were used in the share exchange with Fanstyle HD, reducing the treasury share balance to zero. - FY2022-Q2AchievedAnnual report
「Pursuant to a resolution of the board of directors at its meeting held on 30 March 2022, the company acquired 227,300 treasury shares.」
The company acquired 227,300 treasury shares for ¥499,895 thousand pursuant to the 30 March 2022 resolution. Treasury shares at the quarter-end were valued at ¥499,992 thousand. - FY2022-Q1ReframedAnnual report
「The acquisition of treasury shares is intended to enhance shareholder returns and capital efficiency and to implement a flexible capital policy in response to changes in the operating environment.」
The acquisition method changed from an off-market transaction with a specified shareholder to market purchases under a discretionary trading agreement. The limit was 250,000 shares and ¥500 million, with an acquisition period from 11 April to 30 June 2022. - FY2020-Q3First statedAnnual report
「The company concluded that the transaction would enhance shareholder value because acquiring these treasury shares would improve capital efficiency, enable a flexible capital policy in response to future changes in the operating environment and avoid disadvantages to shareholders. Accordingly, under Articles 156(1), 160(1) and 161 of the Companies Act, it decided to acquire treasury shares through an off-market transaction.」
A proposal was submitted to an extraordinary general meeting of shareholders for the acquisition of up to 695,600 shares for a maximum total of ¥700 million between 18 December 2020 and 29 January 2021, subject to shareholder approval.