Acquisition and Cancellation of All Class B Preferred Shares
First written in FY2018-Q2. 3 of 4 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2026: 1 of 8 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「In the 45th fiscal year, all Class B preferred shares were acquired as treasury shares through compulsory acquisition for cash consideration and cancelled.」
The company reconfirmed the historical capital policy of acquiring and cancelling all 90,000 Class B preferred shares in a note concerning changes in the number of shares. - FY2019-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 31 July 2017, the company resolved to acquire all of the Class B preferred shares and cancel all of the acquired shares. Pursuant to that resolution, the company acquired all of the Class B preferred shares as of 17 August 2017 and cancelled all of them.」
The company restated the historical capital transaction in which all Class B preferred shares were acquired and cancelled on 17 August 2017. - FY2018-Q3RestatedAnnual report
「In addition, pursuant to a resolution of the Board of Directors meeting held on 31 July 2017, the company acquired all 90,000 Class B preferred shares as of 17 August 2017 and cancelled all of them on the same date.」
The company reconfirmed that all 90,000 Class B preferred shares had been acquired and cancelled, in its explanation of changes in the number of shares and total shares issued. - FY2018-Q2AchievedAnnual report
「At a meeting of the Board of Directors held on 31 July 2017, the company resolved to acquire and cancel the Class B preferred shares it had issued as described below, and executed the transaction on 17 August 2017.」
The company acquired all 90,000 Class B preferred shares at ¥10,593.09 per share, for a total of ¥953,378,100, and cancelled all of them on 17 August 2017. The purpose was to avoid future dividend obligations and dilution resulting from conversion into common shares.