Convert preferred shares into common shares, cancel them and abolish the class-share system
First written in FY2023-Q3. 1 of 2 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 1 of 8 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「From 5 December to 12 December 2022, the Company acquired all of its Class A and Class B preferred shares as treasury shares and, as consideration, issued 1 common share for each Class A preferred share and Class B preferred share, respectively. All of the Class A and Class B preferred shares acquired by the Company were cancelled as of 16 December 2022 pursuant to a resolution of the Board of Directors held on 15 December 2022.」
The conversion, acquisition and cancellation of preferred shares and the abolition of the class share system continue to be disclosed. - FY2023-Q3First statedAnnual report
「As of 14 December 2022, the Company acquired all of its Class A and Class B preferred shares as treasury shares and, as consideration, issued 1 common share for each Class A preferred share and Class B preferred share, respectively. In addition, all of the Class A and Class B preferred shares acquired by the Company were cancelled as of 16 December 2022 pursuant to a resolution of the Board of Directors held on 15 December 2022. At an extraordinary general meeting of shareholders held on 27 December 2022, the Company abolished the provisions in its Articles of Incorporation providing for the issuance of classes of shares.」
The conversion of preferred shares into common shares, their acquisition and cancellation, and the abolition of the Articles of Incorporation provisions relating to classes of shares have been completed.