Rights to Request Acquisition of Common Shares and Redemption Rights for Class A and Class B Preferred Shares
First written in FY2017-Q1. 3 of 7 entries say "Reframed", first in FY2017-Q2. Latest entry: FY2018.
Ishii Hyoki moved to the "Worse" side of this theme in 2018.
The whole theme swung hardest in 2026: 1 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2018ReframedAnnual report
「At the 45th Annual General Meeting of Shareholders held on 25 April 2018, certain provisions of the Articles of Incorporation were amended and all provisions concerning Class B preferred shares were deleted. Accordingly, the total number of authorized shares decreased by 90,000 shares from that date to 31,644,909 shares.」
Following the acquisition and cancellation of all 90,000 Class B preferred shares, the provisions concerning Class B preferred shares were also deleted from the Articles of Incorporation, formally clarifying the rights associated with the preferred shares. - 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.」
All 90,000 Class B preferred shares had been acquired and cancelled, confirming that the previously disclosed conversion rights, redemption rights and other rights attached to the Class B preferred shares had ceased to apply. - FY2018-Q2ReframedAnnual report
「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.」
Following the acquisition and cancellation of all Class B preferred shares, the status shifted toward elimination of the previously disclosed conversion rights, redemption rights and other rights attached to the Class B preferred shares. - FY2017RestatedAnnual report
「Class B preferred shares were granted conversion rights exercisable during the period from 30 June 2020 through 30 June 2028, with the company's common shares as consideration.」
Following the cancellation of the Class A preferred shares, the company continued to disclose the Class B preferred shares' conversion rights with shares as consideration, redemption rights and acquisition provisions. - FY2017-Q3RestatedAnnual report
「Class B preferred shares were granted conversion rights exercisable during the period from 30 June 2020 through 30 June 2028, with the company's common shares as consideration.」
Following the cancellation of the Class A preferred shares, the company continued to provide detailed disclosure on the Class B preferred shares, including conversion rights with common shares as consideration, redemption rights and acquisition provisions. - FY2017-Q2ReframedAnnual report
「The company acquired 75,922 Class A preferred shares through a compulsory acquisition for cash consideration as of 30 June 2016 and cancelled them on the same date.」
Following the acquisition and cancellation of all Class A preferred shares, the substance of the disclosure shifted from the rights of both Class A and Class B preferred shares to the 90,000 issued Class B preferred shares. - FY2017-Q1First statedAnnual report
「Class A preferred shares were granted conversion rights exercisable during the period from 30 June 2017 through 30 June 2028, and Class B preferred shares during the period from 30 June 2020 through 30 June 2028, with the company's common shares as consideration.」
For the 75,922 issued Class A preferred shares and 90,000 issued Class B preferred shares, the company disclosed conversion rights with common shares as consideration and redemption rights for cash, among other rights.