Improving Capital Efficiency Through Share Repurchases and Flexible Capital Management
First written in FY2017-Q2. 3 of 4 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2023.
97 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「At an extraordinary meeting of the board of directors held on 18 May 2023, the company resolved to acquire treasury shares pursuant to Article 156 of the Companies Act as applied with the necessary modifications under Article 165, Paragraph 3 of the same Act, and also resolved pursuant to Article 178 of the Companies Act to cancel all treasury shares acquired.」
To improve capital efficiency and enhance shareholder returns, the company acquired 3,928,500 treasury shares for ¥11,401 million and cancelled all of them on 22 May 2023. - FY2017AdvancedAnnual report
「During the fiscal year, the company acquired 892,200 treasury shares for ¥1,499.934 million.」
Based on the board resolution approving the treasury share acquisition, the company acquired 892,200 shares and approximately ¥1,500 million against maximum limits of 950,000 shares and ¥1,500 million. - FY2017-Q3AdvancedAnnual report
「Based on the resolution of its board of directors dated 4 November 2016, the company acquired 602,100 shares of its common stock as treasury shares during the first nine months, at a total acquisition cost of ¥982.107 million.」
The company carried out the treasury share acquisition, acquiring 602,100 shares during the first nine months at a total acquisition cost of ¥982.107 million. - FY2017-Q2First statedAnnual report
「The company will acquire treasury shares to improve capital efficiency and enable flexible capital policy in response to changes in the business environment. Maximum number of shares to be acquired: 950,000 shares (approximately 2.07% of issued shares excluding treasury shares); maximum total acquisition cost: ¥1,500 million; acquisition period: 7 November 2016 to 31 January 2017; acquisition method: market purchases on the Tokyo Stock Exchange.」
The 4 November 2016 board resolution was the first to specifically state the acquisition of treasury shares for the purpose of improving capital efficiency.