Status of Public-Funds Arrangements and Dilution from Conversion of Preferred Shares
First written in FY2016. 5 of 19 entries say "Restated". Latest entry: 2026-09-25.
Jimoto Holdings moved to the "Worse" side of this theme in 2020, 5 years before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 2 of 10 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2024MaterialisedAnnual report
「Because it was decided not to submit to the annual general meeting of shareholders held on 20 June 2024 a proposal to pay the full amount of preferred dividends, the preferred shareholders became entitled to exercise voting rights at general meetings of shareholders from that annual general meeting until a shareholder resolution is adopted to pay the full amount of preferred dividends.」
Following the decision not to pay dividends on the preferred shares related to the public funds, a situation has arisen in which the preferred shareholders have voting rights. - FY2024-Q3MaterialisedAnnual report
「Subsequently, the payment procedure was completed on 20 December 2023.」
The private placement of common shares to SBI地銀ホールディングス, which had been at the planning and approval stage, was completed with the issuance of 5.3 million shares and payment of ¥1,966 million, bringing the dilutive share issuance into the execution stage. - FY2024-Q2WorsenedAnnual report
「In light of the impact of dilution from this private placement of common shares on the value of existing shareholders' shares, the Company plans to hold an extraordinary general meeting of shareholders on 5 December 2023 and conduct a shareholder confirmation procedure through an ordinary resolution regarding this private placement of common shares, in order to obtain the understanding of existing shareholders.」
In addition to the issuance of preferred shares in connection with public funds, a private placement of 5.3 million common shares to SBI地銀ホールディングス was approved, making the dilution impact on existing shareholders more concrete. - FY2022AdvancedAnnual report
「The Company and its consolidated subsidiary, 株式会社きらやか銀行, resolved at meetings of their respective boards of directors held on 13 May 2022 to begin considering an application for government capital participation under the special provisions relating to capital participation in financial institutions subject to the COVID-19 special measures under the Act on Special Measures for Strengthening Financial Functions.」
Having previously disclosed risks relating to compliance with the public funds-related plan and dilution, the Company resolved to begin considering an application for government capital participation under the special provisions for infectious diseases. The application amount and payment date have not been determined, and the capital participation has not yet been implemented. - FY2022-Q2MaterialisedAnnual report
「SBI地銀ホールディングス株式会社 1-6-1 Roppongi, Minato-ku, Tokyo 3,653 7.38」
For the shares related to the private placement previously disclosed as a plan, the filing states that SBI地銀ホールディングス holds 3,653 thousand shares, representing 7.38% of shares outstanding. - FY2021-Q3RestatedAnnual report
「Payment is scheduled for late March 2021.」
The private placement of common shares to SBI地銀ホールディングス continues to be disclosed as scheduled for payment in late March 2021, and the quarterly report does not state that it has been completed. - FY2021-Q2WorsenedAnnual report
「Number of new shares issued 3,653,500 common shares Issue price ¥958 per share Amount raised ¥3,500,053,000」
The Company has disclosed plans for a private placement of 3,653,500 common shares to SBI地銀ホールディングス. This new share issuance could dilute existing shareholders. - FY2019RestatedAnnual report
「The Company has strengthened its capital with public funds pursuant to the Act on Special Measures for Strengthening Financial Functions and, in connection with this, has submitted a Management Strengthening Plan to the Financial Services Agency. Depending on its compliance with the plan, the Company may be subject to measures such as a business improvement order from the Financial Services Agency, which could affect its business operations.」
The Company continues to disclose its compliance with the public funds-related Management Strengthening Plan and the risk of dilution from the conversion of preferred shares. - FY2018RestatedAnnual report
「In addition, if the respective classes of preferred shares issued by the Company in connection with the injection of public funds, with the Resolution and Collection Corporation as the allottee, are converted into common shares, the number of common shares outstanding will increase, potentially causing dilution of the common shares already issued.」
The Company continues to disclose its compliance with the public funds-related Management Strengthening Plan and the risk of dilution from the conversion of preferred shares into common shares. - FY2017RestatedAnnual report
「If the respective classes of preferred shares issued by the Company in connection with the injection of public funds, with the Resolution and Collection Corporation as the allottee, are converted into common shares, the number of common shares outstanding will increase, potentially causing dilution of the common shares already issued.」
The Company continues to disclose its compliance with the public funds-related Management Strengthening Plan and the risk of dilution from the conversion of preferred shares into common shares. - FY2016First statedAnnual report
「If the respective classes of preferred shares issued by the Company in connection with the injection of public funds, with the Resolution and Collection Corporation as the allottee, are converted into common shares, the number of common shares outstanding will increase, potentially causing dilution of the common shares already issued.」
The Company issued a total of 280 million Class B, Class C and Class D preferred shares, and has also disclosed the possibility of administrative measures depending on its compliance with the Management Strengthening Plan.