Flexible share repurchases by Board resolution
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2021.
- FY2021RestatedAnnual report
「With respect to the acquisition of treasury shares, the Company's Articles of Incorporation provide, pursuant to Article 165, Paragraph 2 of the Companies Act, that the Company may acquire its own shares through market transactions or other means by resolution of the Board of Directors in order to implement capital policy flexibly in response to changes in the business environment.」
取締役会決議による自己株式取得を可能とする定款上の方針を再確認した。 - FY2020RestatedAnnual report
「With respect to the acquisition of treasury shares, the Company's Articles of Incorporation provide, pursuant to Article 165, Paragraph 2 of the Companies Act, that the Company may acquire its own shares through market transactions or other means by resolution of the Board of Directors in order to implement capital policy flexibly in response to changes in the business environment.」
取締役会決議による自己株式取得を可能とする定款上の方針を再確認した。 - FY2019RestatedAnnual report
「With respect to the acquisition of treasury shares, the Company's Articles of Incorporation provide, pursuant to Article 165, Paragraph 2 of the Companies Act, that the Company may acquire its own shares through market transactions or other means by resolution of the Board of Directors in order to implement capital policy flexibly in response to changes in the business environment.」
取締役会決議による自己株式取得を可能とする機動的な資本政策を再確認。 - FY2017First statedAnnual report
「With respect to the acquisition of treasury shares, the Company's Articles of Incorporation provide, pursuant to Article 165, Paragraph 2 of the Companies Act, that the Company may acquire its own shares through market transactions or other means by resolution of the Board of Directors in order to implement capital policy flexibly in response to changes in the business environment.」
For the first time, identifies an Articles of Incorporation provision allowing treasury-share repurchases by Board resolution to facilitate flexible capital policy.