Consideration of share buybacks funded by the sale of cross-shareholdings
First written in FY2020. 4 of 5 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2022.
- FY2022AdvancedAnnual report
「Treasury shares acquired during the fiscal year: 1,372,800 shares; total acquisition price: ¥999 million」
The share buyback progressed from 1,193,300 shares and ¥865 million through the third quarter, with 1,372,800 shares acquired for ¥999 million on a cumulative full-year basis. - FY2022-Q3AdvancedAnnual report
「Based on a resolution of the Board of Directors dated 5 July 2021, the company acquired 1,193,300 treasury shares for ¥865 million during the period from 21 July to 31 December 2021. As a result, treasury shares increased by ¥862 million during the cumulative third-quarter period, reaching ¥1,362 million at the end of the third quarter.」
The share buyback progressed from 560,300 shares and ¥399 million through the second quarter, with a cumulative 1,193,300 shares acquired for ¥865 million between 21 July and 31 December. - FY2022-Q2AdvancedAnnual report
「Based on a resolution of the Board of Directors dated 5 July 2021, the company acquired 560,300 treasury shares for ¥399 million during the period from 21 July to 30 September 2021.」
The company progressed beyond its policy of considering share buybacks funded by the sale of cross-shareholdings and actually acquired 560,300 treasury shares for ¥399 million. - FY2022-Q1AdvancedAnnual report
「The company has returned value to shareholders through sustained dividend increases accompanying its growth. In these circumstances, the company will acquire treasury shares to mitigate the impact of this offering on the supply and demand for its shares, with the aim of unwinding cross-shareholdings, expanding its shareholder base, improving the distribution of shares and enhancing liquidity, as well as increasing shareholder value by strengthening corporate governance. Number of shares to be acquired: 2,000,000 shares (maximum); total acquisition price: ¥1,000,000,000 (maximum); acquisition period: from 21 July 2021 to 31 January 2022; acquisition method: market purchases on the Tokyo Stock Exchange.」
Moving beyond its previous policy of considering share buybacks, the company resolved to acquire treasury shares to ease supply and demand related to the share offering and strengthen shareholder returns. The acquisition is capped at 2 million shares and ¥1 billion, with market purchases to be conducted from 21 July 2021 to 31 January 2022. - FY2020First statedAnnual report
「To increase the appeal of the company's shares to individual and foreign investors as potential buyers following the unwinding of cross-shareholdings, we will also proactively consider share buybacks and other measures funded by the sale of cross-shareholdings during the period of this medium-term management plan.」
The company disclosed for the first time a policy of considering share buybacks funded by the sale of cross-shareholdings during the medium-term management plan period.