Conversion of Preferred Shares into Common Shares and Cancellation
First written in FY2022. 1 of 2 entries say "Achieved", first in FY2022. Latest entry: FY2023.
The whole theme swung hardest in 2026: 1 of 8 companies on the "Worse" side.
7 other companies' latest entry also says "Cited as achieved".
- FY2023Cited as achievedAnnual report
「All Series A, Series B, Series C and Series D preferred shares were acquired as treasury shares on 30 June 2022, and 1 common share was delivered as consideration for each Series A, Series B, Series C and Series D preferred share.」
The conversion and cancellation of the preferred shares into common shares is reiterated as a past capital policy measure. - FY2022AchievedAnnual report
「The company resolved to acquire all Series A, Series B, Series C and Series D preferred shares pursuant to the acquisition provisions stipulated in its Articles of Incorporation. It acquired them as treasury shares on 30 June 2022 and, as consideration, delivered 1 common share for each Series A, Series B, Series C and Series D preferred share.」
All classes of preferred shares were converted into common shares and cancelled after acquisition. The provisions in the Articles of Incorporation concerning the issuance of class shares were also abolished on 1 July 2022.