Acquisition and Cancellation of Treasury Shares to Improve Capital Efficiency and Enhance Shareholder Returns
First written in FY2025-H1. 1 of 2 entries say "Advanced", first in FY2025. Latest entry: FY2025.
93 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「In November 2024, we acquired treasury shares and cancelled some of them to improve capital efficiency and enhance shareholder returns as part of our efforts to promote management conscious of the cost of capital and return on capital. We will continue seeking to optimise our capital structure and enhance shareholder returns to increase corporate value.」
The full-year report confirmed that the company acquired 149,028,300 treasury shares for ¥68,642 million in November 2024 and cancelled 29,805,650 of those shares. - FY2025-H1First statedAnnual report
「We have been considering initiatives to further promote management that is conscious of the cost of capital and return on capital. To improve capital efficiency and enhance shareholder returns, we decided to acquire some of our common shares held by NISSAN MOTOR CO.,LTD., our other affiliated company and major shareholder, and cancel some of the treasury shares acquired.」
As a specific measure for management conscious of the cost of capital and return on capital, the company decided to acquire 149,028,300 shares for a total of ¥68,642 million on 8 November 2024 and cancel 29,805,650 of the acquired shares on 29 November.