Capital Policy to Strengthen the Financial Position and Resume Dividend Payments Early
First written in FY2024-Q2. 6 of 12 entries say "Advanced", first in FY2024-Q3. Latest entry: 2026-08-07.
118 other companies' latest entry also says "Achieved".
- FY2026Plans to redeem and cancel Class A preferred shares and transition to a new capital structureAnnual report
「Details of the acquisition of Class A preferred shares: ① Number of shares to be acquired: 10,000 shares ② Consideration for acquisition: Cash ③ Redemption price per share: ¥1,103,493.2 ④ Total redemption price: ¥11,034,932,000 ⑥ Scheduled acquisition date: 29 June 2026」
The Company disclosed a plan to redeem and cancel all 10,000 Class A preferred shares for a total of approximately ¥11 billion, conditional on DBJ raising funds through Class C and Class D preferred shares, under its capital policy aimed at strengthening the financial position and resuming dividends early. - FY2026-H1Conversion of Class B preferred shares into common shares executedAnnual report
「Following the exercise by Class B preferred shareholders of their acquisition right with common shares as consideration, the Company acquired 363 Class B preferred shares as treasury shares on 17 September 2025 and 362 Class B preferred shares as treasury shares on 28 October 2025.」
Under its capital policy aimed at strengthening the financial position and resuming dividends early, the acquisition right for Class B preferred shares with common shares as consideration was exercised, and the Company acquired a total of 725 shares as treasury shares on 17 September and 28 October 2025. - FY2025Failure to meet the operating profit plan triggered the removal of the conversion restrictionAnnual report
「Because the Company's consolidated operating profit for the fiscal year ending March 2025 did not reach the level stipulated in the investment agreement, an event triggering the removal of the conversion restriction has occurred. If the acquisition right is exercised, the common shares held by existing shareholders may be diluted.」
Under a capital policy aimed at resuming dividends early and strengthening the financial position, consolidated operating profit for the fiscal year ended March 2025 failed to reach the level stipulated in the investment agreement, triggering the event that had restricted early conversion of the preferred shares. - FY2024AdvancedAnnual report
「31 March 2024 － 21,954,933 △7,500 5,452 △7,500 452 (Note) 6. Pursuant to Articles 447(1) and 448(1) of the Companies Act, stated capital and capital reserve were reduced and transferred to other capital surplus.」
To resume dividends early, strengthen the financial position, and enable agile capital policies, the Company reduced stated capital and capital reserve by ¥7.5 billion each and transferred the amounts to other capital surplus as of 31 March 2024. - FY2024-Q3AdvancedAnnual report
「Pursuant to Articles 447(1) and 448(1) of the Companies Act, the Company reduced stated capital by ¥20,060 million and transferred the same amount to capital surplus pursuant to a resolution at an extraordinary general meeting of shareholders held on 22 December 2023. As a result, at the end of the third quarter of the current consolidated fiscal year, stated capital was ¥12,952 million and capital surplus was ¥49,987 million.」
The planned reduction in capital and related accounts, aimed at resuming dividends early, strengthening the financial position, and enabling agile capital policies, was executed through a ¥20,060 million reduction in stated capital and its transfer to capital surplus. - FY2024-Q2First statedAnnual report
「The Company will reduce its stated capital and capital reserve to establish a structure that will enable it to resume dividends early. To strengthen its financial position at an early stage and prepare for agile and flexible capital policies going forward, the Company decided to reduce the amounts of stated capital and capital reserve (2) alongside the issuance of Class A and Class B preferred shares and transfer the amounts to other capital surplus, which forms part of distributable amounts.」
The Company presented a plan to reduce capital by transferring stated capital and capital reserve to other capital surplus, with effect on 22 December 2023 and 31 March 2024. The purposes were to resume dividends early, strengthen the financial position, and prepare for agile capital policies.