Flexibility in Capital Policy, Share Buybacks and M&A Framework through Capital Reduction
First written in FY2018. 2 of 4 entries say "Achieved", first in FY2019-Q2. Latest entry: FY2020-Q3.
118 other companies' latest entry also says "Achieved".
- FY2020-Q3AchievedAnnual report
「The company reduced capital effective 1 December 2019. During the nine-month period ended 31 December, capital decreased by ¥1,900 million and capital surplus increased by ¥1,900 million.」
The ¥1,900 million capital reduction was completed effective 1 December 2019, transferring the amount from capital to capital surplus. - FY2019ReframedAnnual report
「At a board meeting held on 15 May 2019, the company resolved to submit proposals to its 15th annual shareholders’ meeting, held on 25 June 2019, concerning a reduction in capital and the appropriation of surplus.」
In addition to the previous aims of capital-policy flexibility and M&A preparedness, the company planned a ¥1,900 million capital reduction and a ¥492,939,561 transfer of surplus to apply appropriate tax treatment and strengthen its financial position. - FY2019-Q2AchievedAnnual report
「The company reduced capital effective 7 September 2018. During the six-month period ended 30 September, capital decreased by ¥2,000 million and capital surplus increased by ¥2,000 million. As a result, at the end of the six-month consolidated accounting period, capital was ¥2,000 million and capital surplus was ¥2,027.964 million.」
The ¥2 billion capital reduction was completed effective 7 September 2018, with a corresponding transfer from capital to capital surplus. - FY2018First statedAnnual report
「The reduction in capital is intended to secure flexibility and agility in future capital policies, establish a corporate structure capable of implementing shareholder-return measures such as future share buybacks and M&A through share exchanges using the company’s own shares, and reduce capital pursuant to Article 447, Paragraph 1 of the Companies Act.」
The ¥2 billion capital reduction approved at the shareholders’ meeting on 28 June 2018 was intended to provide flexibility in capital policy and enable share buybacks and M&A through share exchanges. The effective date was scheduled for 1 September 2018.