Flexible Capital Policy through Share Repurchases and Cancellations
First written in FY2016. 18 of 32 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2026.
93 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Cash flows from financing activities increased by ¥9,392 million from the previous fiscal year, mainly due to an increase of ¥7,999 million in expenditure for the acquisition of treasury shares and an increase of ¥1,953 million in dividend payments.」
During the fiscal year, expenditure for the acquisition of treasury shares was ¥20,006 million, and the Company acquired 7,097,000 shares through market purchases. After the filing date, it also resolved to acquire up to 1.7 million shares for ¥5 billion, continuing its treasury share acquisitions. - FY2026-H1SoftenedAnnual report
「At a meeting held on 6 November 2025, the Company's Board of Directors resolved on matters relating to the acquisition of treasury shares pursuant to Article 156 of the Companies Act as applied with the necessary changes under Article 165, Paragraph 3 of the Act. (2) Details of the Board of Directors' resolution concerning the acquisition (1) Class of shares to be acquired: The Company's common shares (2) Maximum number of shares that may be acquired: 2,000,000 shares (3) Total acquisition cost: ¥5,000,000,000 (maximum) (4) Acquisition period: From 7 November 2025 through 31 December 2025」
A new resolution was passed to acquire treasury shares based on the target total payout ratio of approximately 50%. The limit is 2 million shares and ¥5 billion, smaller in scale than the previously disclosed resolution to acquire up to 5 million shares for ¥10 billion. - FY2025RaisedAnnual report
「To provide further shareholder returns with a focus on improving capital efficiency, the Company decided to acquire treasury shares. 2. Details of the Board of Directors' resolution concerning the acquisition: (1) Class of shares to be acquired: The Company's common shares (2) Maximum number of shares that may be acquired: 5,000,000 shares (3) Total acquisition cost: ¥10,000,000,000 (maximum) (4) Acquisition period: From 12 May 2025 through 30 September 2025」
During the fiscal year, the Company acquired 970,000 shares, 2,088,300 shares and 2,361,800 shares, and cancelled 6,000,000 shares. After the filing date, it also resolved to acquire treasury shares with the acquisition limit increased to 5 million shares and ¥10 billion. - FY2025-H1RaisedAnnual report
「Regarding the dividend policy under the medium-term management plan “NOF VISION 2030 Stage Ⅱ” (fiscal years 2023–2025), announced in May 2023, the basic policy is to maintain stable and sustained profit returns, with a target total payout ratio of approximately 50% in the final year of the current medium-term management plan, fiscal 2025. Based on this basic policy, the Company decided to acquire treasury shares. 2. Details of the Board of Directors' resolution concerning the acquisition (1) Class of shares to be acquired: The Company's common shares (2) Maximum number of shares that may be acquired: 2,500,000 shares (3) Total acquisition cost: ¥5,000,000,000 (maximum) (4) Acquisition period: From 8 November 2024 through 31 December 2024 (5) Acquisition methods: ① Market purchases on the Tokyo Stock Exchange ② Purchases through the Tokyo Stock Exchange's ToSTNeT-3 off-auction treasury share purchase transaction」
Based on the target total payout ratio of approximately 50%, a new resolution was passed to acquire treasury shares up to 2.5 million shares for ¥5 billion. The maximum amount and number of shares were increased from the previous resolution's limits of 1.5 million shares and ¥2 billion. - FY2024AdvancedAnnual report
「At a meeting held on 9 May 2024, the Company's Board of Directors resolved on the following matters relating to the acquisition of treasury shares, pursuant to Article 156 of the Companies Act as applied with the necessary changes under Article 165, Paragraph 3 of the Act.」
After the filing date, the Company resolved to acquire treasury shares up to 1,500,000 shares for a total acquisition cost of ¥2 billion from 10 May through 31 May 2024. During the fiscal year, it also acquired 1,142,300 treasury shares and cancelled 2,000,000 shares. - FY2024-Q3AdvancedAnnual report
「At a meeting held on 7 February 2024, the Company's Board of Directors resolved on the following matters relating to the acquisition of treasury shares, pursuant to Article 156 of the Companies Act as applied with the necessary changes under Article 165, Paragraph 3 of the Act.」
On 7 February 2024, the Company resolved to acquire treasury shares up to 400,000 shares for a total acquisition cost of ¥2 billion, during the period from 8 February through 31 March 2024. The Company continues to pursue a flexible capital policy through market purchases. - FY2024-Q3AchievedAnnual report
「15 November 2023 (Note) △2,000,000 80,841,376 － 17,742 － 15,113 (Note) The 2,000 thousand-share decrease in the total number of shares issued was attributable to the cancellation of 2,000 thousand shares.」
On 15 November 2023, the Company cancelled 2,000 thousand treasury shares, reducing the total number of shares issued. - FY2024-Q2AdvancedAnnual report
「At a meeting held on 1 November 2023, the Company's Board of Directors resolved on matters relating to the acquisition of treasury shares pursuant to Article 156 of the Companies Act as applied with the necessary changes under Article 165, Paragraph 3 of the Act, and matters relating to the cancellation of treasury shares pursuant to Article 178 of the Companies Act.」
A new resolution was passed to acquire up to 600,000 shares for ¥3 billion from 2 November 2023 through 31 January 2024 and to cancel 2,000,000 shares, for the purposes of enhancing shareholder returns, improving capital efficiency and pursuing a flexible capital policy. - FY2024-Q1Increase in the carrying amount of treasury sharesAnnual report
「Treasury shares △ 10,299 △ 12,808」
The carrying amount of treasury shares on the balance sheet increased from ¥10,299 million at the previous fiscal year-end to ¥12,808 million at the end of the first quarter. No new acquisition resolution was reported. - FY2023-Q3RaisedAnnual report
「At a meeting held on 8 February 2023, the Company's Board of Directors resolved on the following matters relating to the acquisition of treasury shares, pursuant to Article 156 of the Companies Act as applied with the necessary changes under Article 165, Paragraph 3 of the Act.」
A resolution was passed to acquire treasury shares, up to 900,000 shares for ¥4 billion, from 9 February through 30 June 2023, to enhance shareholder returns, improve capital efficiency and pursue a flexible capital policy. The limit was increased from the previous resolution's limit of 700,000 shares and ¥3 billion. - FY2023-Q2AdvancedAnnual report
「At a meeting held on 2 November 2022, the Company's Board of Directors resolved on the following matters relating to the acquisition of treasury shares, pursuant to Article 156 of the Companies Act as applied with the necessary changes under Article 165, Paragraph 3 of the Act. 1. Reason for acquiring treasury shares: To enhance shareholder returns and improve capital efficiency, while enabling a flexible capital policy in response to changes in the business environment. 2. Details of the Board of Directors' resolution concerning the acquisition: (1) Class of shares to be acquired: The Company's common shares (2) Maximum number of shares that may be acquired: 700,000 shares (3) Total acquisition cost: ¥3,000,000,000 (maximum) (4) Acquisition period: From 4 November 2022 through 31 January 2023 (5) Acquisition method: Market purchases on the Tokyo Stock Exchange」
A new resolution was passed to acquire treasury shares, up to 700,000 shares for ¥3 billion, from 4 November 2022 through 31 January 2023, to enhance shareholder returns, improve capital efficiency and pursue a flexible capital policy. - FY2023-Q1Increase in treasury shares heldAnnual report
「Treasury shares △ 3,292 △ 5,799」
The carrying amount of treasury shares on the balance sheet increased from ¥3,292 million at the previous fiscal year-end to ¥5,799 million at the end of the first quarter. The first-quarter report did not specify any new acquisition resolution or breakdown of shares acquired. - FY2022AdvancedAnnual report
「Treasury shares acquired and cancelled 2,000,000 8,552,497,086」
During the fiscal year, the Company acquired 406,400 treasury shares for ¥2,358,313,000 and cancelled 2,000,000 shares. Under the resolution of 7 February 2022, cumulative acquisitions had reached 391,100 shares as of the filing date. - FY2022-Q3AdvancedAnnual report
「At a meeting held on 7 February 2022, the Company's Board of Directors resolved on the following matters relating to the acquisition of treasury shares, pursuant to Article 156 of the Companies Act as applied with the necessary changes under Article 165, Paragraph 3 of the Act. 1. Reasons for acquiring treasury shares: To enhance shareholder returns and improve capital efficiency, while enabling a flexible capital policy in response to changes in the business environment. 2. Details of the Board of Directors' resolution concerning the acquisition: (1) Class of shares to be acquired: The Company's common shares (2) Maximum number of shares that may be acquired: 900,000 shares (3) Total acquisition cost: ¥4,000,000,000 (maximum) (4) Acquisition period: From 8 February 2022 through 30 June 2022 (5) Acquisition method: Market purchases on the Tokyo Stock Exchange」
A new resolution was passed to acquire treasury shares, up to 900,000 shares for ¥4 billion, from 8 February through 30 June 2022, to enhance shareholder returns, improve capital efficiency and pursue a flexible capital policy. - FY2022-Q2AdvancedAnnual report
「The 2,000 thousand-share decrease in the total number of shares issued was attributable to the cancellation of 2,000 thousand shares.」
The Company cancelled 2,000 thousand treasury shares, reducing the total number of shares issued. - FY2021AdvancedAnnual report
「Treasury shares acquired during the fiscal year 289,600 1,641,151,000」
Based on the resolution of 3 February 2021, the Company acquired 289,600 shares for ¥1,641.15 million during the fiscal year. The resolution's limit was 900,000 shares and ¥4 billion, leaving 610,400 shares at the fiscal year-end. - FY2021-Q3AdvancedAnnual report
「At a meeting held on 3 February 2021, the Company's Board of Directors resolved on the following matters relating to the acquisition of treasury shares, pursuant to Article 156 of the Companies Act as applied with the necessary changes under Article 165, Paragraph 3 of the Act. 1. Reasons for acquiring treasury shares: To enhance shareholder returns and improve capital efficiency, while enabling a flexible capital policy in response to changes in the business environment. 2. Details of the Board of Directors' resolution concerning the acquisition: (1) Class of shares to be acquired: The Company's common shares (2) Maximum number of shares that may be acquired: 900,000 shares (3) Total acquisition cost: ¥4,000,000,000 (maximum) (4) Acquisition period: From 4 February 2021 through 30 June 2021 (5) Acquisition method: Market purchases on the Tokyo Stock Exchange」
A new resolution was passed to acquire treasury shares, up to 900,000 shares for ¥4 billion, from 4 February through 30 June 2021, to enhance shareholder returns, improve capital efficiency and pursue a flexible capital policy. - FY2021-Q2Decrease in expenditure for the acquisition of treasury sharesAnnual report
「Expenditure for the acquisition of treasury shares △ 5」
Expenditure for the acquisition of treasury shares during the first half was ¥5 million, down from ¥184 million in the same period of the previous year. No new acquisition resolution or large-scale acquisition was reported. - FY2020AdvancedAnnual report
「During the fiscal year, the Company acquired 1,005,500 treasury shares for ¥3,999,848,500, and the remaining number of shares under the resolution was 194,500.」
Based on the resolution of 5 February 2020, the Company acquired 1,005,500 shares for approximately ¥4 billion. No cancellation during the fiscal year was reported this time. - FY2020-Q3AdvancedAnnual report
「At a meeting held on 5 February 2020, the Company's Board of Directors resolved on the following matters relating to the acquisition of treasury shares, pursuant to Article 156 of the Companies Act as applied with the necessary changes under Article 165, Paragraph 3 of the Act. 1. Reason for acquiring treasury shares: To enable a flexible capital policy in response to changes in the business environment. 2. Details of the Board of Directors' resolution concerning the acquisition: (1) Class of shares to be acquired: The Company's common shares (2) Maximum number of shares that may be acquired: 1,200,000 shares (3) Total acquisition cost: ¥4,000,000,000 (maximum) (4) Acquisition period: From 6 February 2020 through 30 April 2020 (5) Acquisition method: Market purchases on the Tokyo Stock Exchange」
A new resolution was passed to acquire treasury shares from 6 February through 30 April 2020, up to 1,200,000 shares for a total acquisition cost of ¥4 billion, as part of a flexible capital policy. - FY2019AdvancedAnnual report
「During the fiscal year, the Company acquired 1,073,100 treasury shares for ¥3,999,995,000 and cancelled 2,000,000 of the treasury shares acquired.」
The Company conducted a treasury share acquisition based on resolutions of the Board of Directors from December 2018 through February 2019 and cancelled 2,000,000 shares. - FY2019-Q3AdvancedAnnual report
「1. Reason for acquiring treasury shares To enable the flexible implementation of capital policies in response to changes in the business environment. 2. Details of the Board of Directors' resolution regarding the acquisition (1) Class of shares to be acquired: Common shares of the company (2) Maximum number of shares that may be acquired: 1,100,000 shares (3) Maximum total acquisition price: ¥4,000,000,000 (4) Acquisition period: 18 December 2018 to 28 February 2019 (5) Acquisition method: Market purchases on the Tokyo Stock Exchange 3. Acquisition period 18 December 2018 to 18 January 2019 4. Other As a result of the above market purchases, the company acquired 1,073,100 of its common shares for an acquisition price of ¥3,999,995,000.」
For a flexible capital policy, the Company acquired 1,073,100 shares for approximately ¥4 billion between December 2018 and January 2019. - FY2019-Q2RestatedAnnual report
「Expenditure for treasury share purchases △ 22」
During the six months ended 30 September, the company recorded ¥22 million in expenditure for treasury share purchases, but no new acquisition resolution or large-scale purchases were disclosed. - FY2018-Q3AdvancedAnnual report
「As a result of the above market purchases, the company acquired 1,294,900 of its common shares for an acquisition price of ¥3,999,934,500.」
Based on a resolution of the Board of Directors dated 18 December 2017, the company conducted market purchases from 19 December 2017 to 19 January 2018, acquiring 1,294,900 shares for approximately ¥4 billion. - FY2018-Q2Sharp decrease in expenditure for treasury share purchasesAnnual report
「Net cash used in financing activities decreased by ¥3,151 million from the same period of the previous year, mainly due to a ¥142 million increase in short-term borrowings, ¥2,300 million in proceeds from long-term borrowings, ¥2,300 million in repayments of long-term borrowings, a ¥3,640 million decrease in expenditure for treasury share purchases, and a ¥644 million increase in dividend payments.」
Expenditure for treasury share purchases decreased by ¥3,640 million year on year. Compared with ¥3,662 million in the same period of the previous year, expenditure was ¥21 million in the current period, representing a substantial reduction in the scale of share purchases. - FY2017AdvancedAnnual report
「Treasury shares acquired during the fiscal year: 4,000,000 shares; treasury shares acquired and canceled: 7,000,000 shares」
Based on a resolution of the Board of Directors, the company acquired 4,000,000 shares and canceled 7,000,000 shares. - FY2017-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 19 December 2016, the company resolved, pursuant to Article 178 of the Companies Act, to cancel part of its treasury shares, and carried out the cancellation as follows.」
The company canceled 7,000,000 treasury shares on 11 January 2017. Following the cancellation, total issued shares amounted to 173,682,752. - FY2017-Q2AdvancedAnnual report
「Net cash used in financing activities increased by ¥852 million from the same period of the previous year, mainly due to a ¥136 million increase in borrowings and a ¥681 million increase in expenditure for treasury share purchases.」
During the first half, expenditure for treasury share purchases increased by ¥681 million year on year, and the company continued to implement a capital policy combining share repurchases and cancellations. - FY2016First statedAnnual report
「At a meeting of the Board of Directors held on 10 May 2016, the company resolved matters relating to the acquisition of treasury shares as set out below, pursuant to Article 156 of the Companies Act as applied by replacing the relevant terms under Article 165, paragraph 3 of the Act, and carried out the acquisition of treasury shares as follows.」
During the fiscal year, the company acquired and canceled 3,000,000 shares. After the filing date, it acquired a further 4,000,000 shares, with a maximum acquisition price of ¥4 billion.