Improving Capital Efficiency and Shareholder Returns through a Tender Offer for Shares Held by the Parent Company
First written in FY2024-Q2. 2 of 3 entries say "Achieved", first in FY2024-Q3. Latest entry: FY2026.
55 other companies' latest entry also says "Achieved".
- FY2026AchievedAnnual report
「The treasury shares acquired and cancelled during the fiscal year were cancelled on 19 March 2026 pursuant to a resolution of the Board of Directors dated 9 March 2026.」
Following the acquisition of treasury shares held by the parent company, 5,206,400 shares were cancelled on 19 March 2026, reducing the total number of issued shares to 26,207,073. - FY2024-Q3AchievedAnnual report
「During the third quarter of the fiscal year, the company acquired 3,600,000 shares through market purchases on the Tokyo Stock Exchange under a tender offer for treasury shares based on Article 156 of the Companies Act, as applied by replacing certain terms pursuant to Article 165, Paragraph 3, of that Act, as resolved by the Board of Directors at its meeting held on 31 October 2023.」
The company carried out the acquisition of treasury shares held by the parent company and acquired 3,600,000 shares during the third quarter of the fiscal year. The expenditure for the acquisition was ¥6,041 million, bringing treasury shares to 5,205,500, or 16.57% of total shares issued. - FY2024-Q2First statedAnnual report
「As a result, we determined that acquiring the shares concerned as treasury shares would contribute to improving capital efficiency, including earnings per share (EPS) and return on equity (ROE), and lead to the return of profits to shareholders.」
The company disclosed for the first time its policy of acquiring, through a tender offer, part of its common shares held by its parent company, Mitsubishi Gas Chemical Company, Inc., as treasury shares. The maximum number of shares to be acquired is 3,960,100, the maximum total acquisition price is ¥6,577,726,100, the acquisition period is from 1 November to 29 December 2023, and the tender offer price is ¥1,661 per share.