Flexible capital policy and improved capital efficiency through share buybacks
First written in FY2020-Q2. 6 of 7 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2023.
- FY2023AdvancedAnnual report
「Increase through off-auction purchase of treasury shares (ToSTNeT-3): 61,600 shares」
In the fiscal year ending March 2023, the company acquired 61,600 treasury shares through ToSTNeT-3. This comprised 31,600 shares acquired in May 2022 and 30,000 shares acquired in November of the same year, implementing the treasury share acquisition aimed at improving capital efficiency. - FY2023-Q3AdvancedAnnual report
「Based on the resolution of the Board of Directors meeting held on 9 November 2022, the company acquired 30,000 treasury shares through the Tokyo Stock Exchange's off-auction purchase of treasury shares (ToSTNeT-3) on 10 November 2022.」
Regarding the treasury share acquisition resolved on 9 November 2022, the company acquired 30,000 shares through ToSTNeT-3 on 10 November. - FY2023-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 November 2022, the company resolved to acquire treasury shares and determined the specific acquisition method pursuant to Article 156 of the Companies Act as applied by replacing the relevant terms under Article 165, Paragraph 3 of the same Act. 1. Reason for acquiring treasury shares To improve capital efficiency and pursue flexible capital policies in response to changes in the business environment. 2. Acquisition method The company will place an order to purchase shares through the Tokyo Stock Exchange's off-auction purchase of treasury shares (ToSTNeT-3) at 8:45 a.m. on 10 November 2022, at the closing price on 9 November 2022, including the final special quote. 3. Details of the acquisition (1) Class of shares to be acquired: Common shares of the company (2) Total number of shares that may be acquired: 30,000 shares (maximum) (0.88% of the total number of shares issued, excluding treasury shares)」
For the purpose of improving capital efficiency and pursuing flexible capital policies, the company resolved to acquire up to 30,000 treasury shares through ToSTNeT-3 on 10 November 2022. This was a new implementation stage of the acquisition policy, but completion of the acquisition had not been disclosed as of the filing date. - FY2022AdvancedAnnual report
「Reason for acquiring treasury shares: To improve capital efficiency and pursue flexible capital policies in response to changes in the business environment. Total number of shares to be acquired: 35,000 shares (maximum); total acquisition cost: ¥38,500,000 (maximum); acquisition date: 13 May 2022. Total shares acquired: 31,600; total acquisition cost: ¥33,116,800.」
Under the treasury share acquisition aimed at improving capital efficiency and pursuing flexible capital policies, the company acquired 31,600 shares for ¥33,116,800 on 13 May 2022. - FY2020AdvancedAnnual report
「Status of resolution by the Board of Directors (8 November 2019) (acquisition period: 11 November 2019 to 31 March 2020): 100,000 shares; ¥200,000,000 Treasury shares acquired during the fiscal year: 100,000 shares; ¥113,860,400」
Under the treasury share acquisition plan, the company completed the acquisition of the maximum 100,000 shares during the acquisition period. The measure aimed at improving capital efficiency and shareholder returns progressed to the implementation stage. - FY2020-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 8 November 2019, the company resolved matters concerning the acquisition of treasury shares pursuant to Article 156 of the Companies Act as applied by replacing the relevant terms under Article 165, Paragraph 3 of the same Act, and had acquired 45,800 treasury shares by 31 December 2019.」
Under the treasury share acquisition plan, the company acquired 45,800 shares by 31 December 2019. This represented progress in the implementation of the policy to acquire up to 100,000 shares. - FY2020-Q2First statedAnnual report
「We will acquire treasury shares to enhance shareholder returns by pursuing flexible capital policies in response to changes in the business environment and improving capital efficiency. Total number of shares to be acquired: 100,000 shares (maximum) (2.79% of the total number of shares issued, excluding treasury shares) Total acquisition cost: ¥200,000,000 (maximum) Acquisition period: 11 November 2019 to 31 March 2020 Acquisition method: Market purchases on the Tokyo Stock Exchange」
The company first disclosed as a material subsequent event its policy of acquiring up to 100,000 treasury shares for up to ¥200 million through market purchases from 11 November 2019 to 31 March 2020, with the aim of improving capital efficiency and shareholder returns.