Shareholder returns and improved capital efficiency through share repurchases
First written in FY2017-Q2. 6 of 10 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2025.
- FY2025AchievedAnnual report
「Treasury shares acquired during the fiscal year 1,678,600 2,999」
Under the treasury share acquisition plan approved on 28 October 2024, 1,678,600 shares were acquired for ¥2,999 million, completing execution within the acquisition period. - FY2025-H1Increase in the maximum number of shares to be acquired and reduction in the maximum acquisition amountAnnual report
「Total number of shares that may be acquired: up to 2,000,000 shares (maximum ratio to the total number of issued shares excluding treasury shares: 1.11%) / Total acquisition price: up to ¥3,000,000,000 / Acquisition period: 2024-10-29 to 2024-12-23」
A new treasury share acquisition plan was approved. The maximum number of shares to be acquired increased from 1 million under the previous plan to 2 million, while the maximum acquisition amount changed from ¥5 billion to ¥3 billion. - FY2024-Q3AdvancedAnnual report
「At a board meeting held on 29 January 2024, the Company resolved matters relating to the acquisition of treasury shares pursuant to Article 156 of the Companies Act, as applied mutatis mutandis under Article 165, paragraph 3 of the Act.」
A new treasury share acquisition plan was approved for the purpose of enhancing shareholder returns and improving capital efficiency, providing for market purchases of up to 1 million shares and ¥5 billion from 30 January to 22 March 2024. - FY2023-Q3AdvancedAnnual report
「This was due to outflows for the acquisition of treasury shares, dividend payments and the acquisition of shares in subsidiaries without a change in the scope of consolidation.」
For the acquisition of treasury shares, acquisition outflows of ¥4,876 million and outflows of ¥1,124 million for deposits for the acquisition purpose were recorded during the cumulative third quarter, indicating progress in executing the previous acquisition plan. - FY2023-Q2RaisedAnnual report
「Based on the shareholder return policy under the medium-term management plan for fiscal years 2022 through 2024, which calls for stable and ongoing dividend payments with a target consolidated dividend-on-equity ratio (DOE) of 4% while taking into account the business environment, consolidated results for each fiscal year and a target ROE of 15%, as well as a total payout ratio of 30% to 50%, the Company will acquire and cancel treasury shares in order to enhance shareholder returns and improve capital efficiency.」
A new plan for the acquisition and cancellation of treasury shares was approved, covering market purchases of up to 2.5 million shares with a maximum total acquisition price of ¥6 billion from 1 November 2022 to 24 March 2023. The plan also provides for the cancellation of treasury shares on 31 March 2023. - FY2020-Q3AdvancedAnnual report
「Outflow for establishing a money trust for the purpose of acquiring treasury shares」
An outflow of ¥1,000 million for establishing a money trust for the purpose of acquiring treasury shares was recorded, confirming the continued execution of measures to enhance shareholder returns and improve capital efficiency. - FY2018AdvancedAnnual report
「900,000 shares acquired pursuant to the board resolution on 27 November 2017」
For the acquisition of treasury shares, the acquisition of 900,000 shares for ¥2,043 million was recorded, confirming the execution of measures to improve capital efficiency and enhance shareholder returns initiated in the previous fiscal year. - FY2018-Q3AdvancedAnnual report
「Net cash provided by financing activities increased by ¥29,631 million (an increase of ¥3,160 million in the same quarter of the previous year). This was mainly because the increase in short-term borrowings exceeded outflows for repayments of long-term borrowings, the acquisition of treasury shares and dividend payments.」
An outflow of ¥2,044 million for the acquisition of treasury shares was recorded, confirming that the acquisition of treasury shares continued to be executed. - FY2017-Q3AdvancedAnnual report
「Net cash provided by financing activities increased by ¥3,160 million (an increase of ¥12,878 million in the same quarter of the previous year). This was mainly because the increase in short-term borrowings exceeded outflows for dividend payments, repayments of long-term borrowings and the establishment of a money trust for the purpose of acquiring treasury shares.」
A ¥5 billion outflow for establishing a money trust for the purpose of acquiring treasury shares was recorded, indicating that the process had progressed from the previous quarter's acquisition resolution to execution. - FY2017-Q2First statedAnnual report
「The Company will acquire treasury shares to enhance returns to shareholders and capital efficiency, and to pursue a flexible capital policy capable of responding to future changes in the business environment and other factors.」
A board resolution authorized the purchase of up to 4 million treasury shares, with a maximum value of ¥5 billion, through market purchases from 1 November 2016 to 31 March 2017.