Increasing the Tradable Share Ratio to Maintain a Prime Market Listing
First written in FY2023-Q1. 2 of 3 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2023-Q3.
3 other companies' latest entry also says "Advanced".
- FY2023-Q3AdvancedAnnual report
「Through the Trust, the company acquired 500,000 of its shares for ¥1,271.5 million during the first quarter of the consolidated fiscal year, then sold all of the treasury shares held by the Trust during the cumulative third-quarter period of the consolidated fiscal year.」
As part of measures to increase the tradable share ratio toward meeting the Prime Market listing maintenance criteria, the company sold all 500,000 treasury shares acquired in the first quarter in the market by the end of the cumulative third-quarter period. - FY2023-Q2AdvancedAnnual report
「Through the Trust, the company acquired 500,000 of its shares for ¥1,271.5 million during the first quarter of the consolidated fiscal year, then sold 379,600 shares for ¥842.833 million during the second quarter of the consolidated fiscal year.」
As part of measures to increase the tradable share ratio toward meeting the Prime Market listing maintenance criteria, the company sold 379,600 of the 500,000 shares acquired in the first quarter in the market during the second quarter. At the end of the second quarter, the Trust held 120,400 shares, and the amount recognized as treasury shares was ¥306.177 million. - FY2023-Q1First statedAnnual report
「The company has selected the Prime Market as its new market segment and is taking steps to increase its tradable share ratio in order to meet the listing maintenance criteria for that market. During the first quarter of the consolidated fiscal year, the company acquired some of its shares held by cross-shareholding shareholders and sold them in the market through the Stock Supply and Demand Buffer Trust® (the "Trust").」
To meet the Prime Market listing maintenance criteria, the company established the Stock Supply and Demand Buffer Trust to acquire shares held by cross-shareholding shareholders and sell them in the market. During the first quarter, the Trust acquired shares, and market sales were scheduled to begin in the second quarter or later. The Trust held 500,000 shares, recognized as treasury shares at ¥1,271.5 million.