Flexible capital policy through share repurchases
First written in FY2017-Q3. 3 of 6 entries say "Achieved", first in FY2017. Latest entry: FY2026.
- FY2026AchievedAnnual report
「Treasury shares acquired and cancelled: 1,370,600 shares, ¥2,076.365 million」
The Company acquired the 1,370,600 treasury shares transferred upon the absorption-type merger of ベル株式会社 and cancelled all of them on 5 January 2026. - FY2026-H1AchievedAnnual report
「At meetings of the Board of Directors held on 22 May 2025 and the 73rd Annual General Meeting of Shareholders held on 25 June 2025, the Company resolved to acquire the shares of ベル株式会社 and make it a wholly owned subsidiary, and acquired the shares on 7 July 2025.」
The planned and approved transaction to make ベル株式会社 a wholly owned subsidiary was completed on 7 July 2025. The acquisition consideration was ¥4,292.648 million in cash, and the 1,370,600 shares of the Company held by ベル株式会社 were recognized as treasury shares. - FY2025AdvancedAnnual report
「At a meeting of the Board of Directors held on 22 May 2025, the company resolved to acquire shares of ベル株式会社 and make it a wholly owned subsidiary, and plans to submit the proposal to the annual general meeting of shareholders to be held on 25 June 2025, in light of the purpose of Articles 156, paragraph 1, 160, paragraph 1 and 161 of the Companies Act. The company believes that acquiring shares of ベル will benefit the company and its shareholders as a whole by contributing to higher shareholder value and capital efficiency, enabling the acquisition of treasury shares at a lower price than through market transactions, and avoiding the risk of unforeseen disadvantage to existing shareholders if the shares of the company held by ベル were sold in large volume on the market over a short period.」
The company resolved to make ベル, an asset management company of the founding family, a wholly owned subsidiary through procedures equivalent to a treasury share acquisition. The planned acquisition covers 615,450 shares for an estimated consideration of ¥4.217 billion, subject to approval at the annual general meeting of shareholders. - FY2018-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 9 May 2017, the company resolved to pay a year-end dividend to shareholders recorded in the shareholder registry as of 31 March 2017, as follows.」
Following the treasury share acquisition carried out in the previous fiscal year, the company held 1,198,200 treasury shares. No further change to its treasury share acquisition policy was disclosed. - FY2017AchievedAnnual report
「Under the resolution at the Board of Directors meeting held on 8 February 2017, the number of shares to be acquired was 850,000 and the total acquisition price was ¥898,450 thousand. Treasury shares acquired during the fiscal year totaled 805,300 shares at ¥851,202 thousand.」
The company completed the acquisition of 805,300 treasury shares for ¥851,202 thousand under the resolution adopted as part of its agile capital policy. - FY2017-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 8 February 2017, the company resolved matters relating to the acquisition of treasury shares pursuant to Article 156 of the Companies Act, as applied with the necessary modifications under Article 165, paragraph 3 of the Act. 1. Reason for acquiring treasury shares: The company will acquire treasury shares to pursue an agile capital policy in response to changes in the business environment. 2. Details of the acquisition: (1) Class of shares to be acquired: the company’s common shares; (2) Maximum number of shares to be acquired: 850,000 shares (5.82% of issued shares excluding treasury shares); (3) Maximum total acquisition price: ¥898,450,000; (4) Acquisition period: 9 February 2017; (5) Acquisition method: purchase through the Tokyo Stock Exchange’s off-auction treasury share purchase transaction (ToSTNeT-3). On 9 February 2017, the company acquired 805,300 common shares for ¥851,202,100, completing the acquisition of treasury shares under the resolution.」
The company resolved to acquire up to 850,000 treasury shares for a maximum acquisition price of ¥898.45 million as part of an agile capital policy, and completed the acquisition by purchasing 805,300 shares for ¥851.2021 million.