Exchange of Preferred Shares for Common Shares and Cancellation of Treasury Shares
First written in FY2017-Q1. 1 of 2 entries say "Achieved", first in FY2017-Q2. Latest entry: FY2017-Q2.
The whole theme swung hardest in 2026: 1 of 8 companies on the "Worse" side.
18 other companies' latest entry also says "Achieved".
- FY2017-Q2AchievedAnnual report
「Effective 23 June 2017, based on the Articles of Incorporation and a resolution of an extraordinary meeting of the Board of Directors, the Company exercised the acquisition clauses for the Class A, Class B, Class C, Class D and Class E shares, acquired all of these shares as treasury shares, and issued common shares as consideration. In addition, pursuant to a resolution of the extraordinary meeting of the Board of Directors held on the same day, all Class A, Class B, Class C, Class D and Class E shares held as treasury shares were cancelled effective the same date in accordance with Article 178 of the Companies Act.」
All 5 classes of preferred shares were exchanged for common shares, and all preferred shares held as treasury shares were cancelled. - FY2017-Q1First statedAnnual report
「The Company exercised the acquisition clauses for the Class A, Class B, Class C, Class D and Class E shares, acquired all of these shares as treasury shares, and issued common shares as consideration.」
All 5 classes of preferred shares were acquired, 404,985 common shares were issued, and all preferred shares held as treasury shares were subsequently cancelled.