Risk of a cash burden from accumulated unpaid dividends on preferred shares and requests for their acquisition
First written in FY2018. 1 of 3 entries say "Mitigated", first in FY2019-Q2. Latest entry: FY2019-Q3.
0 other companies' latest entry also says "Dropped".
- FY2019-Q3DroppedAnnual report
「The Company had issued preferred shares, but since the acquisition and cancellation of all preferred shares was completed in December 2018, the risk described as “(19) Risks Related to the Acquisition of Preferred Shares and Other Matters” in the securities report for the previous fiscal year no longer exists.」
Completion of the acquisition and cancellation of all preferred shares eliminated the risk of funding burdens associated with cumulative unpaid dividends and acquisition claims. - FY2019-Q2MitigatedAnnual report
「The Company acquired 8,123,372 preferred shares on 29 June 2018 and 3,206,000 preferred shares on 28 September of the same year.」
The Company acquired a total of 11,329,372 preferred shares, reducing the balances of preferred shares and unpaid preferred dividends. - FY2018First statedAnnual report
「At the end of the current consolidated fiscal year, cumulative unpaid preferred dividends owed to preferred shareholders amounted to ¥3,476 million. The preferred shares also carry acquisition rights exercisable for cash and acquisition provisions.」
Discloses cumulative unpaid preferred dividends of ¥3,476 million and preferred-share acquisition costs of ¥19,719 million, and describes their potential impact on financial position and cash flows.