Improving Capital Efficiency and Enhancing Shareholder Returns Through the Cancellation of Treasury Shares
First written in FY2017-Q3. 1 of 2 entries say "Achieved", first in FY2017. Latest entry: FY2017.
76 other companies' latest entry also says "Achieved".
- FY2017AchievedAnnual report
「The company cancelled 1,476,119 treasury shares (¥331 million) on 28 February 2017 to increase shareholder value by reducing the total number of shares outstanding.」
The treasury share cancellation plan disclosed in the third quarter was implemented on 28 February 2017. - FY2017-Q3First statedAnnual report
「The company had acquired and held treasury shares to improve capital efficiency, implement flexible capital policies and return profits to shareholders. It will cancel treasury shares to increase shareholder value by reducing the total number of shares outstanding. Number of shares to be cancelled: 1,476,119 shares (1.44% of shares outstanding before the cancellation) Scheduled cancellation date: 28 February 2017 Total shares outstanding after the cancellation: 100,593,749 shares」
The company disclosed a resolution to cancel 1,476,119 treasury shares, representing 1.44% of total shares outstanding, on 28 February 2017, citing improved capital efficiency, flexible capital policies and increased shareholder value as the objectives.