Failure to meet the targets of the management strengthening plan and dilution from the conversion of preferred shares
First written in FY2023-Q1. 3 of 6 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025DroppedAnnual report
「Common shares 28,658,957 Class 1 preferred shares —」
All Class 1 preferred shares had been acquired and cancelled by the end of the previous fiscal year and were no longer included in the shares outstanding during the current fiscal year. The previous disclosure of dilution risk from their conversion into common shares has also been removed. - FY2024-Q3MitigatedAnnual report
「As all Class 1 preferred shares were acquired and cancelled on 22 September 2023 pursuant to a resolution of the Board of Directors, there are no applicable classes of shares.」
The disclosure states that all Class 1 preferred shares were acquired and cancelled, reducing the previous risk of dilution from their conversion into common shares. There is no change in the disclosure regarding the risk of administrative measures associated with failure to meet the targets of the Management Strengthening Plan. - FY2023RestatedAnnual report
「If performance against certain targets fails to reach a specified level, the Company may be subject to measures such as a business improvement order from the Financial Services Agency. In addition, if the Class 1 preferred shares, which constitute public funds, are converted into common shares, the number of common shares outstanding issued by the Company will increase, potentially diluting the existing common shares.」
The risk of administrative measures associated with failure to meet the targets of the Management Strengthening Plan and dilution resulting from the conversion of Class 1 preferred shares into common shares continues. - FY2023-Q3RestatedAnnual report
「If the Class 1 preferred shares, which constitute public funds, are converted into common shares, the number of common shares outstanding issued by the Company will increase, potentially diluting the existing common shares.」
The risk of administrative measures if the targets of the Management Strengthening Plan are not met and dilution resulting from the conversion of Class 1 preferred shares into common shares continues. - FY2023-Q2RestatedAnnual report
「The Company has submitted a Management Strengthening Plan to the Financial Services Agency, but may be subject to measures such as a business improvement order from the Financial Services Agency if its performance against certain targets fails to reach a specified level.」
The risk of administrative measures if the targets of the Management Strengthening Plan are not met and dilution resulting from the conversion of preferred shares continues. - FY2023-Q1First statedAnnual report
「The Company has submitted a Management Strengthening Plan to the Financial Services Agency, but may be subject to measures such as a business improvement order from the Financial Services Agency if its performance against certain targets fails to reach a specified level.」
The disclosure describes administrative measures if the targets of the Management Strengthening Plan related to public funds are not met, as well as dilution resulting from the conversion of preferred shares into common shares.