Terumo (4543) · InitiativeAchieved
Improving capital efficiency through the sale of cross-held shares with Olympus
First written in FY2017-Q3. 1 of 2 entries say "Achieved", first in FY2017. Latest entry: FY2017.
2entries
1years
0from disclosures
How it moved
Same theme, other companies
Share buybacks associated with the sale of cross-held shares and improved capital efficiencyA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
No other company in this theme has enough history to compare yet.
Full recordFilings, disclosures and news, newest first
- FY2017AchievedAnnual report
「Of the gain on the sale of investment securities, ¥15,791 million resulted from the sale of the Company’s shares in OLYMPUS CORPORATION.」
The sale of the OLYMPUS CORPORATION shares was completed, and a gain on sale of ¥15,791 million was recognized. - FY2017-Q3First statedAnnual report
「Under the agreement, OLYMPUS CORPORATION intends to sell its shares in the Company. To avoid the impact of that sale on supply and demand in the stock market and to improve capital efficiency, the Company decided to purchase treasury shares.」
In connection with the agreement for the two companies to sell their cross-held shares, the Company purchased treasury shares to avoid the supply-and-demand impact of OLYMPUS CORPORATION’s sale of its shares in the market and to improve capital efficiency. The 5,581,000 shares of OLYMPUS CORPORATION held by the Company were scheduled to be sold in full during the fourth quarter.