Share Buybacks, Supply-and-Demand Stabilization Through a Tender Offer, and Shareholder Returns
First written in FY2020-Q1. 2 of 3 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2020.
- FY2020AdvancedAnnual report
「Status of the Board of Directors resolution (26 July 2019; acquisition period: 29 July 2019–30 September 2019) 260,100 1,346,797 Treasury shares acquired during the current fiscal year 240,000 1,242,720 Total number and aggregate value of shares covered by the remaining resolution 20,100 104,077」
The Company acquired 240,000 shares for ¥1,242.720 million through the tender offer for treasury shares. 20,100 shares remained against the limit of 260,100 shares, and the plan ended with part of the authorised amount unexercised. - FY2020-Q2AdvancedAnnual report
「Based on a resolution of the Board of Directors dated 26 July 2019, the Company acquired 240,000 treasury shares. As a result, treasury shares increased by ¥1,242.720 million during the six-month period ended 30 September 2019, and treasury shares amounted to ¥1,461.081 million at the end of the second quarter of the current consolidated fiscal year.」
The Company acquired 240,000 treasury shares, bringing the treasury share balance to ¥1,461.081 million. The share repurchase resolved in the previous quarter has moved into the execution stage. - FY2020-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 26 July 2019, the Company resolved to acquire its own shares and, as the specific method of acquisition, conduct a tender offer for its own shares, pursuant to Article 165, paragraph 3 of the Companies Act, under which Article 156, paragraph 1 of the same Act is applied with the necessary changes, and the provisions of the Company's Articles of Incorporation.」
In response to the largest shareholder's intention to sell shares, the Company decided to acquire up to 260,100 treasury shares for a total purchase price of up to ¥1,346,797,800, with the aim of avoiding the impact on supply and demand and market prices from a temporary release of shares into the market, improving capital efficiency through measures such as EPS and ROE, and returning profits to shareholders. The tender offer was scheduled to run from 29 July to 26 August 2019.