Shareholder Returns Through Share Buybacks and Limiting Dilution Associated with Convertible Bond Issuance
First written in FY2019-Q2. 5 of 11 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Status of the resolution at the Board of Directors meeting (14 May 2026) (acquisition period: 15 May 2026 to 30 September 2026) 500,000 1,000」
As part of its shareholder returns and capital policy, the Company resolved to acquire up to 500,000 shares of treasury stock for up to ¥1,000 million and acquired 500,000 shares for ¥938 million during the fiscal year. - FY2025AchievedAnnual report
「Treasury stock acquired during the fiscal year 1,000,000 1,895」
Of the treasury stock acquisition approved on 14 February 2025, with limits of 1,000,000 shares and ¥2,000 million, the Company acquired 1,000,000 shares for ¥1,895 million. - FY2025-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 February 2025, the Company resolved the following matters concerning the acquisition of treasury stock pursuant to Article 156 of the Companies Act, as applied with the necessary replacement under Article 165, paragraph 3 of the same Act: “Maximum number of shares to be acquired: 1,000,000 shares”; “Total acquisition price: ¥2,000 million (maximum)”; “Acquisition period: 17 February 2025 to 30 June 2025”; “Acquisition method: market purchases on the Tokyo Stock Exchange.”」
The Company resolved to acquire up to 1,000,000 shares of treasury stock for up to ¥2,000 million from February through June 2025 to improve capital efficiency and enhance shareholder returns. - FY2024-Q2Disposal of treasury shares upon exercise of convertible bond rightsAnnual report
「During the nine-month cumulative period of the current consolidated fiscal year, the Company issued new shares and disposed of treasury stock through the exercise of subscription rights attached to the “2024 Euro-yen Convertible Bonds with Subscription Rights to Shares” issued on 18 April 2019. As a result, share capital and capital surplus increased by ¥1,180 million and ¥2,472 million, respectively, while treasury stock decreased by ¥4,807 million.」
The exercise of the convertible bonds resulted in the issuance of new shares and disposal of treasury stock, reducing the treasury stock balance to ¥107 million. - FY2023-Q2RestatedAnnual report
「Based on a resolution of the Board of Directors meeting held on 29 November 2022, the Company acquired 1,200,000 shares of treasury stock. As a result, treasury stock increased by ¥3,241 million during the nine-month cumulative period of the current consolidated fiscal year, reaching ¥4,966 million at the end of the current third-quarter consolidated accounting period.」
Regarding the acquisition of 1,200,000 shares of treasury stock conducted in January 2023, the increase of ¥3,241 million in the acquisition amount and the quarter-end treasury stock balance of ¥4,966 million have been reconfirmed. - FY2023-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 29 November 2022, the Company resolved to acquire treasury stock pursuant to Article 165, paragraph 3 of the Companies Act (Act No. 86 of 2005, including subsequent amendments), which replaces and applies the provisions of Article 156, paragraph 1 of the same Act, and the provisions of the Company's Articles of Incorporation, and to conduct a tender offer for treasury stock as the specific acquisition method (the “Tender Offer”). Pursuant to the Tender Offer, the Company acquired 1,200,000 shares on 23 January 2023.」
Following an intention to sell by TEIJIN LIMITED, the Company conducted a tender offer for treasury stock to improve capital efficiency, including EPS and ROE, and enhance shareholder returns, acquiring 1,200,000 shares for ¥3,241.2 million. In addition to curbing dilution associated with the existing convertible bonds, the Company is expanding its treasury stock acquisitions to improve capital efficiency. - FY2019-Q3RestatedAnnual report
「Pursuant to the resolution of the Board of Directors held on 2 April 2019, the company acquired 805,800 treasury shares. As a result, treasury shares increased by ¥1,999.995 million during the cumulative third-quarter consolidated period, reaching ¥2,001.135 million at the end of the third-quarter consolidated accounting period, including shares acquired in response to requests to purchase odd-lot shares.」
In connection with the issuance of convertible bonds, the acquisition of 805,800 shares and treasury stock balance of ¥2,001 million have been reconfirmed. - FY2019-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 2 April 2019, the company resolved, pursuant to Article 156 of the Companies Act as applied with the necessary modifications under Article 165, paragraph 3, to acquire treasury shares and determined the specific method of acquisition. The acquisition was carried out as follows: Maximum number of shares to be acquired: 1 million shares. Maximum total acquisition price: ¥2 billion. Acquisition period: 3 April 2019 to 20 September 2019. On 3 April 2019, the company acquired 805,800 common shares for an acquisition price of ¥1,999 million.」
To control dilution associated with the issuance of convertible bonds with share acquisition rights and to enhance shareholder returns and capital efficiency, the company resolved to acquire up to 1 million treasury shares for a maximum of ¥2 billion and acquired 805,800 shares the following day.