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Hokkan Limited (5902) · InitiativeAchieved

Streamlining Cross-Shareholdings with トーモク and Our Own Growth Strategy

First written in FY2017-Q1. 1 of 1 entries say "Achieved", first in FY2017-Q1. Latest entry: FY2017-Q1.

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Same theme, other companies
Share buyback to unwind cross-held sharesA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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  1. FY2017-Q1AchievedAnnual report

    「Our company and TOMOKU CO.,LTD. have historically held shares in each other. In light of changes in the business environment and with a view to the further growth of both companies, each company reviewed its future policies and concluded that pursuing independent growth strategies would contribute to maximising corporate value for both companies. Accordingly, we decided to sell part of the shares held by each company in the other.」

    On 8 August 2016, the company acquired 5,000,000 treasury shares for ¥1,495 million and partially reorganised its cross-shareholdings with TOMOKU CO.,LTD. This was disclosed as a material subsequent event after the filing date.
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Streamlining Cross-Shareholdings with トーモク and Our Own Growth Strategy | HOKKAN LIMITED (5902) | Komori