Securing Medium- to Long-Term Working Capital Through the Disposal of Treasury Shares
First written in FY2021-Q2. 2 of 3 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2021.
8 other companies' latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「Funds provided by financing activities amounted to ¥17,285 million. The main factors were ¥15.8 billion in proceeds from borrowings from financial institutions, ¥294 million in repayments of long-term borrowings, ¥68 million in dividend payments, and ¥2,223 million in proceeds from the disposal of treasury shares.」
Proceeds of ¥2,223 million from the disposal of treasury shares by way of a third-party allotment were recorded as funds raised through financing activities during the year. - FY2021-Q3AdvancedAnnual report
「In December last year, through the disposal of treasury shares by way of a third-party allotment to Tokyo Kiraboshi Financial Group,Inc., raising approximately ¥2.2 billion, and the grant of approximately ¥400 million in restricted shares to all employees and others, we sought to strengthen equity capital. We also gradually implemented ¥900 million in long-term borrowings, mainly capital-subordinated loans from the government-affiliated financial institution Japan Finance Corporation for 4 consolidated subsidiaries.」
The company implemented approximately ¥2.2 billion from the disposal of treasury shares by way of a third-party allotment, approximately ¥400 million in restricted shares for all employees and others, and ¥900 million in long-term borrowings from government-affiliated financial institutions, thereby strengthening equity capital and its financial base. - FY2021-Q2First statedAnnual report
「Through the disposal of treasury shares by way of a third-party allotment disclosed on 12 November 2020, raising approximately ¥2.2 billion, and the grant of approximately ¥400 million in restricted shares to all employees and others, we aim to strengthen equity capital. In addition, following the resolution to expand borrowing facilities from financial institutions, we will gradually implement ¥2 billion in long-term borrowings, including capital-subordinated loans from government-affiliated financial institutions, and will work diligently through the end of the fiscal year to implement further measures to strengthen our financial base.」
To prepare for the prolonged impact of COVID-19 and business development in the post-COVID period, the company first gave concrete form to measures to strengthen its financial base, including approximately ¥2.2 billion from a third-party allotment involving the disposal of treasury shares, approximately ¥400 million in restricted shares for all employees and others, and ¥2 billion in long-term borrowings including capital-subordinated loans.