Treatment of Preferred Shares and Improvement of Financial Position
First written in FY2016. 1 of 2 entries say "Cited as achieved", first in FY2017. Latest entry: FY2017.
The whole theme swung hardest in 2026: 1 of 8 companies on the "Worse" side.
7 other companies' latest entry also says "Cited as achieved".
- FY2017Cited as achievedAnnual report
「The 1,500,000 Class 2 preferred shares (bonds with share acquisition rights subject to revision of the exercise price, etc.) were acquired on 15 July 2015 under the acquisition provisions stipulated in the company's Articles of Incorporation, and all Class 2 preferred shares were cancelled effective 27 July 2015.」
The completion of the acquisition and cancellation of the preferred shares is restated as a past event in the changes in the number of shares. - FY2016First statedAnnual report
「During the fiscal year, we completed the treatment of ¥3 billion in preferred shares, which had been a significant financial issue, and made progress in recording stable profits and improving our financial position. We therefore determined that conditions were in place to resume dividend payments and paid a year-end dividend for the first time in 18 years.」
It describes the acquisition and cancellation of 1,500,000 Class 2 preferred shares and the completion of a significant financial issue, creating the conditions for resuming dividend payments.