Improving Capital Efficiency and Enhancing Shareholder Returns Through Share Repurchases
First written in FY2024-Q1. 2 of 5 entries say "Achieved", first in FY2024. Latest entry: FY2025-H1.
- FY2025-H1AchievedAnnual report
「(2) Total number of shares acquired: 500,000 (1.07% of the total number of shares issued, excluding treasury shares) (3) Total acquisition cost: ¥1,013,500,000 (4) Acquisition date: 8 November 2024 (5) Acquisition method: purchase through the Tokyo Stock Exchange's off-auction purchase of treasury shares (ToSTNeT-3)」
The company completed the acquisition of the maximum 500,000 shares under the treasury share purchase resolution adopted in November 2024. The measure to improve capital efficiency and enhance shareholder returns through treasury share purchases was implemented additionally. - FY2024AchievedAnnual report
「Treasury shares acquired during the fiscal year 3,000,000 5,236,575,700」
The company acquired the resolution limit of 3,000,000 shares in its treasury share purchases from 3 August 2023 to 31 March 2024. The acquisition cost was approximately ¥5.237 billion, meaning that the measure to improve capital efficiency and enhance shareholder returns was carried out up to the maximum number of shares. - FY2024-Q3AdvancedAnnual report
「This was mainly attributable to a ¥4.9 billion decrease from the purchase of treasury shares and a ¥3.9 billion decrease from dividends from surplus, offset by quarterly net income attributable to owners of the parent of ¥6.048 billion and a ¥5.284 billion increase in the foreign currency translation adjustment account.」
The decrease in net assets due to treasury share purchases was ¥4.9 billion. As of 31 December 2023, treasury shares totalled 2,285,800, or 4.59% of shares issued, indicating that purchases had accumulated since the previous quarter's disclosure. - FY2024-Q2RestatedAnnual report
「This was mainly attributable to ¥10.571 billion obtained through long-term borrowings, while ¥6.220 billion was spent on repaying long-term borrowings, ¥4.071 billion on purchasing treasury shares and ¥3.246 billion on dividend payments, including payments to non-controlling shareholders.」
Expenditure of ¥4.071 billion on treasury share purchases was recorded in financing activities for the first half, and the purchase of treasury shares to improve capital efficiency and enhance shareholder returns remains ongoing. - FY2024-Q1First statedAnnual report
「This is to improve capital efficiency and enhance shareholder returns. The maximum number of shares that may be acquired is 3,000,000, representing 6.03% of the total number of shares issued, excluding treasury shares. The maximum total acquisition cost is ¥6,600,000,000. Acquisition period: 3 August 2023 to 31 March 2024. Total shares acquired: 1,902,600, representing 3.82% of the total number of shares issued, excluding treasury shares. Total acquisition cost: ¥3,403,751,400.」
The first standalone confirmation that treasury share purchases are being used to improve capital efficiency and enhance shareholder returns. Against a resolution to purchase shares on the market from 3 August 2023 to 31 March 2024, up to 3 million shares and ¥6.6 billion, the company disclosed that it acquired 1,902,600 shares for approximately ¥3.4 billion.