Flexible Capital Policy and Shareholder Returns Through Share Buybacks
First written in FY2022-Q3. 1 of 2 entries say "Achieved", first in FY2022. Latest entry: FY2022.
- FY2022AchievedAnnual report
「Treasury shares acquired during the fiscal year」
Regarding the treasury share acquisition resolved on 15 February 2022, the company acquired 100,000 shares during the acquisition period at a total acquisition cost of ¥87,641,900. - FY2022-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 15 February 2022, the company resolved, pursuant to Article 165, paragraph 3 of the Companies Act, as applied by replacing the terms under Article 156 of the same Act, on matters concerning the acquisition of treasury shares. Reason for the acquisition: to implement a flexible capital policy in response to changes in the business environment, improve capital efficiency and enhance shareholder returns. Details of the acquisition: maximum number of shares to be acquired: 100,000 shares (representing 2.71% of issued shares excluding treasury shares); maximum total acquisition cost: ¥120,000,000; acquisition period: from 16 February 2022 to 30 April 2022; acquisition method: market purchases on the Tokyo Stock Exchange.」
The company resolved to acquire up to 100,000 treasury shares for a maximum of ¥120,000,000 to improve capital efficiency and enhance shareholder returns, with market purchases to be conducted from 16 February through 30 April 2022.