Flexible Capital and Dividend Policies Through Board Resolutions
First written in FY2017. 16 of 20 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2026.
3 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Treasury shares acquired during the fiscal year 112,100 99,919,700」
Based on the resolution of the Board of Directors meeting held on 21 August 2025, the company acquired 112,100 treasury shares for ¥99,919,700. Against the maximum of 120,000 shares and ¥100 million, most of the acquisition had been completed by the end of the fiscal year. - FY2026-H1Expenditures for treasury share acquisitionsAnnual report
「Cash outflows for the acquisition of treasury shares △ 63,414」
The company recorded cash outflows of ¥63.414 million for the acquisition of treasury shares during the interim consolidated accounting period. - FY2025AdvancedAnnual report
「Treasury shares acquired during the fiscal year 229,300 199,999,000」
Regarding the acquisition of treasury shares based on the resolution adopted on 20 August 2024, the company acquired 229,300 shares for ¥199,999,000. The acquisition has been carried out to a level close to the maximum of 250,000 shares and ¥200,000,000. - FY2025-H1AdvancedAnnual report
「Based on the resolution of the Board of Directors meeting held on 20 August 2024, the company acquired 123,200 treasury shares. As a result, among other factors, treasury shares increased by 107,85 thousand yen during the interim consolidated accounting period.」
Based on the resolution of the Board of Directors meeting held on 20 August 2024, the company acquired 123,200 treasury shares. Implementation of its flexible capital policy has newly progressed. - FY2024AdvancedAnnual report
「Treasury shares acquired during the fiscal year 172,200 199,965,200 Other (Disposal of treasury shares through a third-party allotment) 605,985 653,251,830」
Regarding the acquisition of treasury shares resolved on 15 June 2023, the company acquired 172,200 shares for ¥199,965,200. In addition, in connection with the capital and business alliance with istyle Inc., it disposed of 605,985 treasury shares through a third-party allotment for ¥653,251,830. - FY2024-Q3Resolution on a capital and business alliance involving the disposal of treasury sharesAnnual report
「At a Board of Directors meeting held on 14 February 2024, the company resolved to enter into a capital and business alliance agreement with istyle Inc. and, pursuant to that agreement, dispose of treasury shares through a third-party allotment to istyle Inc. as the intended allottee.」
The company resolved to dispose of 605,985 treasury shares through a third-party allotment to istyle Inc. at a disposal price of ¥653.251 million, presenting a specific measure under its flexible capital policy. - FY2024-Q2AdvancedAnnual report
「Cash outflows for the acquisition of treasury shares △ 202,692」
In connection with the resolution to acquire treasury shares adopted on 15 June 2023, cash outflows for the acquisition of treasury shares during the cumulative second-quarter period amounted to ¥202.692 million. - FY2024-Q1AdvancedAnnual report
「Based on the resolution of the Board of Directors meeting held on 15 June 2023, the company acquired treasury shares during the first quarter accounting period as follows: ① Type of shares acquired: Common shares ② Total number of shares acquired: 22,100 ③ Total acquisition price: ¥26,432,100 ④ Acquisition period: 19 June 2023 to 30 June 2023 (on a contract-date basis)」
Under the resolution to acquire up to 200,000 treasury shares for up to ¥200 million, the company acquired 22,100 shares for ¥26,432,100. - FY2023AdvancedAnnual report
「At a Board of Directors meeting held on 15 June 2023, the company resolved matters concerning the acquisition of treasury shares pursuant to Article 459, Paragraph 1 of the Companies Act and the provisions of the company’s Articles of Incorporation: ① Type of shares to be acquired: The company’s common shares ② Maximum number of shares that may be acquired: 200,000 ③ Maximum total acquisition price: ¥200 million ④ Acquisition period: 19 June 2023 to 31 August 2023 ⑤ Acquisition method: Market purchases on the Tokyo Stock Exchange」
For the purpose of enhancing shareholder returns and improving capital efficiency, the company adopted, after filing, a resolution to acquire up to 200,000 treasury shares for up to ¥200 million from June to August 2023. - FY2021AdvancedAnnual report
「Status of the resolution adopted by the Board of Directors (14 August 2020) (acquisition period: 17 August 2020 to 30 October 2020): 250,000 shares, ¥100,000,000. Treasury shares acquired during the fiscal year: 143,400 shares, ¥99,939,900」
Under the resolution to acquire up to 250,000 treasury shares for up to ¥100 million, the company acquired 143,400 shares for ¥99,939,900. In addition, a subsequent event disclosed a capital policy involving the transfer of ¥304,383,496 from capital reserves to other capital surplus. - FY2021-Q3AdvancedAnnual report
「Based on the resolution of the Board of Directors meeting held on 14 August 2020, the company acquired treasury shares during the third quarter accounting period as follows: ① Type of shares acquired: Common shares ② Total number of shares acquired: 48,400 ③ Total acquisition price: ¥36,676,400 ④ Acquisition period: 1 October 2020 to 30 October 2020 (on a contract-date basis)」
Under the resolution to acquire up to 250,000 treasury shares for up to ¥100 million, the company acquired an additional 48,400 shares for ¥36,676,400. - FY2021-Q2AdvancedAnnual report
「Based on the resolution of the Board of Directors meeting held on 14 August 2020, the company acquired treasury shares during the second quarter accounting period as follows: ① Type of shares acquired: Common shares ② Total number of shares acquired: 95,000 ③ Total acquisition price: ¥63,263,500 ④ Acquisition period: 17 August 2020 to 30 September 2020 (on a contract-date basis)」
Under the new resolution to acquire treasury shares, the company acquired 95,000 shares for ¥63,263,500 during the quarter. - FY2021-Q1AdvancedAnnual report
「At a Board of Directors meeting held on 14 August 2020, the company resolved matters concerning the acquisition of treasury shares, pursuant to Article 459, Paragraph 1, Item 1 of the Companies Act and the provisions of the company’s Articles of Incorporation.」
For the purpose of enhancing shareholder returns, improving capital efficiency and implementing a flexible capital policy, the company resolved to conduct market purchases of up to 250,000 shares and ¥100 million from 17 August to 30 October 2020. - FY2020AchievedAnnual report
「Status of the resolution adopted by the Board of Directors (14 August 2019) (acquisition period: 15 August 2019 to 31 December 2019): 150,000 shares, ¥100,000,000」
Under the Board of Directors resolution to acquire up to 150,000 treasury shares for a total acquisition price of up to ¥100 million, the company acquired 150,000 shares for ¥86,232,000 during the fiscal year and completed the acquisition under the resolution. - FY2020-Q3AdvancedAnnual report
「Based on the resolution of the Board of Directors meeting held on 14 August 2019, the company acquired treasury shares during the second quarter accounting period as follows: ① Type of shares acquired: Common shares ② Total number of shares acquired: 99,000 ③ Total acquisition price: ¥51,462,200 ④ Acquisition period: 15 August 2019 to 30 September 2019 (on a contract-date basis)」
Based on the resolution to acquire up to 150,000 treasury shares for up to ¥100 million, the company acquired an additional 51,000 shares during the third quarter accounting period. - FY2020-Q2AdvancedAnnual report
「Based on the resolution of the Board of Directors meeting held on 14 August 2019, the company acquired treasury shares during the second quarter accounting period as follows: ① Type of shares acquired: Common shares ② Total number of shares acquired: 99,000 ③ Total acquisition price: ¥51,462,200 ④ Acquisition period: 15 August 2019 to 30 September 2019 (on a contract-date basis)」
Based on the resolution to acquire up to 150,000 treasury shares for up to ¥100 million, the company acquired 99,000 shares for ¥51,462,200 during the quarter. - FY2020-Q1AdvancedAnnual report
「At a Board of Directors meeting held on 14 August 2019, the company resolved the following matters concerning the acquisition of treasury shares, pursuant to Article 459, Paragraph 1, Item 1 of the Companies Act and the provisions of the company’s Articles of Incorporation: maximum number of shares that may be acquired, 150,000; maximum total acquisition price, ¥100 million; acquisition period, 15 August 2019 to 31 December 2019; acquisition method, market purchases on the Tokyo Stock Exchange.」
The company resolved to conduct market purchases of up to 150,000 treasury shares for up to ¥100 million to enhance shareholder returns, improve capital efficiency and implement a flexible capital policy. - FY2018-Q3AdvancedAnnual report
「Based on the above resolution, the company acquired 75,000 of its common shares by 12 December 2017, for a total acquisition price of ¥117.841 million, and completed the acquisition of treasury shares under the resolution.」
The company completed the acquisition of 75,000 treasury shares for a total acquisition price of ¥117.841 million under the resolution adopted as a specific measure under its flexible capital policy. - FY2018-Q2AdvancedAnnual report
「At a Board of Directors meeting held on 14 November 2017, the company resolved the following matters concerning the acquisition of treasury shares, pursuant to Article 459, Paragraph 1, Item 1 of the Companies Act and the provisions of the company’s Articles of Incorporation.」
As a specific measure under its flexible capital policy, the company resolved to conduct market purchases of up to 75,000 treasury shares for a total acquisition price of up to ¥150 million and also set the acquisition period. - FY2017First statedAnnual report
「To enable flexible capital and dividend policies, the company’s Articles of Incorporation provide that, pursuant to a resolution of the Annual General Meeting of Shareholders held on 23 June 2017, matters specified in the items of Article 459, Paragraph 1 of the Companies Act may be determined by resolution of the Board of Directors.」
This is the first disclosure of the provision in the Articles of Incorporation allowing dividends of surplus and other matters to be decided by resolution of the Board of Directors as a means of implementing flexible capital and dividend policies.