Nippon Sheet Glass (5202) · InitiativeAchieved
Stabilizing the Financial Base Through a Third-Party Allotment and Reduction of Stated Capital, etc.
First written in FY2017-Q3. 1 of 2 entries say "Achieved", first in FY2017. Latest entry: FY2017.
2entries
1years
0from disclosures
How it moved
Same theme, other companies
Preferred Share Issuance and Transfer to Capital Surplus through Sponsor InvestmentA theme 3 companies write about · 0 as a headwind · 3 as a tailwind
2 other companies' latest entry also says "Achieved".
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- FY2017AchievedAnnual report
「To establish financial sustainability, meaning a stable financial position, the company issued Class A preferred shares for a total of ¥40 billion on 31 March 2017. This strengthened its capital base, reduced financial expenses and secured an investment budget for steadily advancing its VA No. 1 strategy.」
The issuance of Class A preferred shares for a total of ¥40 billion was completed on 31 March 2017. The company indicated that the proceeds would be used to strengthen its capital base, reduce financial expenses and secure a budget for VA investment. - FY2017-Q3First statedAnnual report
「Payment date: 31 March 2017. Number of new shares issued: 40,000 Class A preferred shares. Total amount paid in: ¥40,000,000,000 (¥1,000,000 per share).」
The company resolved to conduct a third-party allotment of 40,000 Class A preferred shares for a total of ¥40 billion. It indicated plans to use the funds raised to repay ¥19,100 million in borrowings and to fund VA-related investments in 3 businesses from April 2017 through March 2020. It also planned a capital policy involving the transfer of capital and the capital reserve to other capital surplus.