Allocation of Proceeds from the Disposal of Treasury Shares in Connection with a Listing to Investments and Loans to Subsidiaries
First written in FY2021-Q3. 2 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2024.
TESS Holdings moved to the "Worse" side of this theme in 2024.
0 other companies' latest entry also says "Softened".
- FY2024SoftenedAnnual report
「As the allocation of funds for construction of the EFB pellet manufacturing equipment is expected to extend beyond the fiscal year ending June 2025, among other factors, the planned expenditure period was changed from the fiscal year ending June 2024 to the end of June 2026.」
The planned expenditure period for ¥197 million of the proceeds from the disposal of treasury shares at the time of listing, allocated to EFB pellet manufacturing equipment, was postponed again to the end of June 2026. - FY2024-Q1AdvancedAnnual report
「合同会社熊本錦グリーンパワー; Nishiki 2MW Wood Biomass Power Plant, Nishiki, Kuma District, Kumamoto Prefecture; Energy Supply Business; wood biomass power generation equipment; proceeds from the disposal of treasury shares, borrowings and internal funds; 3,659; September 2023」
The company states that funds including proceeds from the disposal of treasury shares at the time of listing were allocated to capital investment in the Nishiki 2MW Wood Biomass Power Plant, which was completed in September 2023. - FY2023RestatedAnnual report
「Although the project itself is proceeding as planned, we changed the scheduled spending period for the investment and loans intended to fund capital expenditure on EFB pellet-manufacturing equipment at PT PTEC RESEARCH AND DEVELOPMENT from the fiscal year ending June 2023 to the fiscal year ending June 2024, because the timing of funding for construction of the EFB pellet-manufacturing equipment is expected to fall in the fiscal year ending June 2024.」
The company continues to plan expenditure of ¥197 million on EFB pellet manufacturing equipment in the fiscal year ending June 2024. - FY2023-Q3Postponement of scheduled spending periodAnnual report
「Although the project itself is proceeding as planned, we changed the scheduled spending period for the investment and loans intended to fund capital expenditure on EFB pellet-manufacturing equipment at PT PTEC RESEARCH AND DEVELOPMENT from the fiscal year ending June 2023 to the fiscal year ending June 2024, because the timing of funding for construction of the EFB pellet-manufacturing equipment is expected to fall in the fiscal year ending June 2024.」
The planned expenditure period for ¥197 million of the proceeds from the disposal of treasury shares in connection with the listing, allocated to EFB pellet manufacturing equipment, was changed from the fiscal year ending June 2023 to the fiscal year ending June 2024. - FY2021AdvancedAnnual report
「Construction of the TESS Nishikimachi Kiginishi Biomass Power Plant (Nishiki, Kuma District, Kumamoto Prefecture) will proceed from July 2021 to July 2023, with a planned investment of ¥2,682 million. Funding will come from the disposal of treasury shares, borrowings and internal funds.」
The company presents a specific plan to allocate funds, including proceeds from the disposal of treasury shares in connection with the listing, to its subsidiary's investment in renewable energy facilities. - FY2021-Q3First statedAnnual report
「As stated in the amended securities registration statement published on 19 April 2021, the entire amount of net proceeds is planned to be allocated to funds for investment in and loans to the consolidated subsidiary テス・エンジニアリング株式会社.」
The company states a plan to allocate all proceeds from the disposal of treasury shares by public offering to investment in and loans to consolidated subsidiaries.