Share Buybacks and Tender Offers to Improve Capital Efficiency
First written in FY2020-Q2. 1 of 3 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2020.
12 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「At a meeting held on 14 November 2019, the Board of Directors resolved, pursuant to Article 165, paragraph 3, of the Companies Act, which is applied by replacing the terms under Article 156, paragraph 1, of the same Act, and pursuant to the provisions of the Company’s Articles of Incorporation, to acquire treasury shares and to conduct a tender offer as the specific method of acquisition. On 9 January 2020, the Company acquired 362,400 common shares.」
The annual report also states that 362,400 shares were acquired under the share repurchase and tender offer aimed at improving capital efficiency. - FY2020-Q3AdvancedAnnual report
「3. Results of the share repurchase (1) Class of shares acquired: Common shares (2) Total number of shares acquired: 362,400 shares (3) Total acquisition cost: ¥321,811,200 (4) Acquisition date: 9 January 2020」
The results of the share repurchase and tender offer aimed at improving capital efficiency have been finalized, with 362,400 shares acquired for ¥321,811,200. - FY2020-Q2First statedAnnual report
「1. Reasons for the share repurchase To improve capital efficiency and enable the implementation of agile and flexible capital policies. 2. Details of the Board of Directors’ resolution concerning the share repurchase (1) Class of shares to be acquired: Common shares (2) Total number of shares to be acquired: 470,100 shares (maximum) (3) Total acquisition cost: ¥417,448,800 (maximum) (4) Acquisition period: 15 November 2019 to 31 January 2020 3. Overview of the tender offer for the repurchase of shares (1) Number of shares scheduled to be purchased: 470,000 shares (2) Purchase price: ¥888 per common share (3) Tender offer period: 15 November 2019 to 12 December 2019 (4) Date of public notice commencing the tender offer: 15 November 2019 (5) Settlement commencement date: 9 January 2020」
The Company resolved to repurchase up to 470,100 shares, with a maximum total acquisition cost of ¥417,448,800, and to conduct a tender offer, with the aim of improving capital efficiency and implementing agile and flexible capital policies.