Disposal of treasury shares through an overseas offering to reduce interest-bearing debt and secure funds for store openings
First written in FY2022-Q1. 2 of 3 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
4 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「Cash used in financing activities was ¥19,302 million. The main components were cash outflows of ¥9,601 million for repayments of lease liabilities, ¥16,531 million for repayments of long-term borrowings and ¥1,841 million for dividend payments, and a cash inflow of ¥8,029 million from the sale of treasury shares.」
As a result of cash flows including ¥8,029 million in proceeds from the overseas offering of treasury shares, the company proceeded with the repayment of long-term borrowings and other debt. - FY2022-Q2AdvancedAnnual report
「Based on a resolution of the Board of Directors dated 14 July 2021, the company disposed of treasury shares through an offering in overseas markets, with payment completed on 29 July 2021. As a result, during the first six months of the current consolidated fiscal year, capital surplus increased by ¥3,059 million and treasury shares decreased by ¥5,342 million. At the end of the second quarter of the current consolidated fiscal year, capital surplus was ¥25,697 million and treasury shares were ¥1 million.」
Following completion of payment for the overseas offering of treasury shares, capital surplus increased by ¥3,059 million and the balance of treasury shares decreased to ¥1 million. - FY2022-Q1First statedAnnual report
「Based on a resolution of the Board of Directors dated 14 July 2021, the Round One Group disposed of treasury shares through an offering in overseas markets, and payment was completed on 29 July 2021 as follows. (1) Class and number of shares disposed of: The company’s common shares, 6,754,000 shares (3) Total disposal price (offering price): ¥8,401,976,000 (5) Total amount paid: ¥8,040,501,920 The estimated net proceeds of ¥8,026 million from this overseas offering are scheduled to be used for capital expenditure on operating facilities, including store buildings and interior fittings, bowling equipment and amusement equipment, as well as for the repayment by the fiscal year ending March 2023 of existing long-term borrowings obtained from financial institutions to fund capital expenditure and working capital for store operations (balance at the end of June 2021: ¥62,375 million), and for the redemption by the fiscal year ending March 2023 of bonds (balance at the end of June 2021: ¥1,923 million).」
The company disposed of 6,754,000 treasury shares in overseas markets and raised approximately ¥8 billion in total proceeds. Estimated net proceeds of ¥8,026 million were scheduled to be used for capital expenditure, working capital, repayment of long-term borrowings and redemption of bonds by the fiscal year ending March 2023.