Establishment of the Nishida Scholarship Foundation and support for social activities
First written in FY2021-Q1. 2 of 3 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2021.
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- FY2021AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 May 2020, the company resolved to dispose of treasury shares through a third-party allotment to provide ongoing, stable support for the social activities of the General Incorporated Foundation Goldwin Nishida Ikuei Foundation. Following approval at the shareholders’ meeting held on 25 June 2020, it disposed of 400,000 shares on 24 September 2020.」
Regarding support for the Nishida Scholarship Foundation, a third-party allotment of 400,000 shares was carried out following approval at the shareholders' meeting, giving concrete form to the support measures. - FY2021-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 May 2020, the company resolved to dispose of treasury shares through a third-party allotment to provide ongoing, stable support for the social activities of the General Incorporated Foundation Goldwin Nishida Ikuei Foundation. Following approval at the shareholders’ meeting held on 25 June 2020, it disposed of 400,000 shares on 24 September 2020.」
A third-party allotment of 400,000 treasury shares was carried out to support the social activities of the Nishida Scholarship Foundation, giving concrete form to the foundation support measures. - FY2021-Q1First statedAnnual report
「The purpose was to avoid dilution of shareholder value resulting from the disposition of treasury shares through a third-party allotment to provide ongoing, stable support for the social activities of the newly established General Incorporated Foundation Goldwin Nishida Ikuei Foundation, improve capital efficiency, and implement a flexible capital policy in response to the operating environment. Total shares acquired: 150,000 shares. Total acquisition cost: ¥955,500,000. Acquisition date: 7 August 2020.」
It discloses the establishment of the General Incorporated Foundation Goldwin Nishida Scholarship Foundation, a policy of providing continued and stable support for its social activities, and the acquisition of treasury shares to avoid dilution from the disposal of treasury shares associated with that support.