Increasing Publicly Traded Shares and Strengthening Governance Through a Share Supply-Demand Buffer Trust
First written in FY2022-Q2. 1 of 3 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2022.
4 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「As of the end of the consolidated fiscal year, the sale of the Company’s shares by the Trust had been completed.」
Regarding the Stock Supply-Demand Buffer Trust, the market sale of shares acquired from CARTA HOLDINGS had been completed by the end of the fiscal year. - FY2022-Q3AdvancedAnnual report
「During the third quarter of the current consolidated fiscal year, the company acquired the shares of the company held by CARTA HOLDINGS, its major shareholder, and sold those shares on the market, with the aim of meeting the Prime Market listing maintenance criteria by increasing the market capitalization of the company’s tradable shares and the number of tradable shares.」
The Stock Supply-Demand Buffer Trust progressed from the previous resolution to establish it and execution of the agreement, and the acquisition and market sale of CARTA HOLDINGS shares were carried out. Investment securities of ¥684.3 million and other items were recorded for accounting purposes. - FY2022-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 14 February 2022, the Company resolved to establish the Stock Supply-Demand Buffer Trust® (the “Trust”) to increase the market capitalisation of its tradable shares and strengthen corporate governance.」
The Company will acquire shares sold by major shareholders through the Trust and sell them in the market over a specified period. The acquisition will be capped at 1,600,000 shares or ¥1.6 billion in total, and the Trust is scheduled to run from 15 February 2022 to 30 June of the same year.