Conversion of Class Shares into Common Shares and Abolition
First written in FY2022-Q2. 3 of 4 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2026: 1 of 8 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2023-Q1RestatedAnnual report
「Pursuant to a resolution of the Board of Directors dated 19 August 2021, on 27 September 2021 the Company acquired all Series A and Series B preferred shares as treasury shares and, as consideration, issued 1 common share for each Series A and Series B preferred share, respectively. Pursuant to the same Board resolution dated 19 August 2021, the Company cancelled all Series A and Series B preferred shares it had acquired, effective 27 September 2021. In addition, at the annual general meeting of shareholders held on 29 September 2021, the Company abolished the provisions in its articles of incorporation concerning the issuance of classes of shares.」
The previously completed conversion, acquisition and cancellation of preferred shares into common shares and the abolition of the provisions in the articles of incorporation concerning classes of shares were reiterated. - FY2022RestatedAnnual report
「Pursuant to a resolution of the Board of Directors dated 19 August 2021, on 27 September 2021 the Company acquired all Series A and Series B preferred shares as treasury shares and, as consideration, issued 1 common share for each Series A and Series B preferred share, respectively.」
The conversion, acquisition and cancellation of preferred shares into common shares was also reiterated in the changes in the number of issued shares. - FY2022-Q3RestatedAnnual report
「Pursuant to a resolution of the Board of Directors dated 19 August 2021, on 27 September 2021 the Company acquired all Series A and Series B preferred shares as treasury shares and, as consideration, issued 1 common share for each Series A and Series B preferred share, respectively. Pursuant to the same Board resolution dated 19 August 2021, the Company cancelled all Series A and Series B preferred shares it had acquired, effective 27 September 2021. In addition, at the annual general meeting of shareholders held on 29 September 2021, the Company abolished the provisions in its articles of incorporation concerning the issuance of classes of shares.」
The Company reiterated the previously completed conversion and cancellation of classes of shares into common shares and the abolition of the relevant provisions in the articles of incorporation. - FY2022-Q2AchievedAnnual report
「Pursuant to a resolution of the Board of Directors dated 19 August 2021, on 27 September 2021 the Company acquired all Series A and Series B preferred shares as treasury shares and, as consideration, issued 1 common share for each Series A and Series B preferred share, respectively. Pursuant to the same Board resolution dated 19 August 2021, the Company cancelled all Series A and Series B preferred shares it had acquired, effective 27 September 2021. In addition, at the annual general meeting of shareholders held on 29 September 2021, the Company abolished the provisions in its articles of incorporation concerning the issuance of classes of shares.」
The Series A and Series B preferred shares were converted into common shares and cancelled, and the provisions in the articles of incorporation concerning classes of shares were abolished.