Improving Capital Efficiency Through the Cancellation of 400,000 Treasury Shares
First written in FY2022-Q2. 1 of 2 entries say "Achieved", first in FY2022-Q3. Latest entry: FY2022-Q3.
80 other companies' latest entry also says "Achieved".
- FY2022-Q3AchievedAnnual report
「Based on a resolution of the Board of Directors adopted on 5 November 2021, the company cancelled 400,000 treasury shares effective 1 December 2021.」
The company carried out the cancellation on 1 December 2021 of 400,000 treasury shares that had been disclosed as planned in the previous quarterly report. The total number of issued shares decreased from 2,400,000 to 2,000,000, while retained earnings and treasury shares each decreased by ¥804.122 million. - FY2022-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 5 November 2021, the company resolved to cancel treasury shares pursuant to Article 178 of the Companies Act. 1. Reason for the cancellation of treasury shares: To improve capital efficiency. 2. Details of the cancellation: (1) Class of shares to be cancelled: The company’s common shares. (2) Total number of shares to be cancelled: 400,000 shares (16.66% of the total number of issued shares before the cancellation). (3) Scheduled cancellation date: 1 December 2021. (4) Total number of issued shares after the cancellation: 2,000,000 shares.」
The company disclosed a resolution to cancel 400,000 treasury shares, equivalent to 16.66% of the total number of issued shares before the cancellation, on 1 December 2021 to improve capital efficiency. As of the filing date, the cancellation was scheduled and had not been stated to have been completed.