Diversification of capital-raising methods through the ability to issue Class A preferred shares
First written in FY2016. 6 of 10 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-11-09.
0 other companies' latest entry also says "Advanced".
- FY2023-Q2AchievedAnnual report
「1 August 2022 (Note) ― 12,679 △3,500 14,310 △3,500 12,640 (Note) For the purpose of preparing for an agile and flexible capital policy, the company reduced stated capital by ¥3.5 billion pursuant to Article 447, Paragraph 1 of the Companies Act and capital reserve by ¥3.5 billion pursuant to Article 448, Paragraph 1, and transferred the amounts to other capital surplus.」
The planned reduction of stated capital and capital reserve by ¥3.5 billion each and transfer to other capital surplus, intended to ensure flexibility and agility in capital policy, was carried out on 1 August 2022. - FY2023-Q1AdvancedAnnual report
「To ensure flexibility and agility in future capital policy, the company will reduce the amounts of stated capital and capital reserve pursuant to Article 447, Paragraph 1 and Article 448, Paragraph 1 of the Companies Act, respectively, and transfer the same amounts to other capital surplus.」
As a specific measure to ensure flexibility and agility in capital policy, the company received shareholder approval to reduce stated capital and capital reserve by ¥3.5 billion each and transfer the amounts to other capital surplus. The reduction took effect on 1 August 2022. - FY2022AchievedAnnual report
「10 December 2021 (Note) 1 1,000 19,679 5,000 22,810 5,000 21,140 13 December 2021 (Note) 3 △7,000 12,679 ― 17,810 ― 16,140 (Note) 1: Increase resulting from the issuance of the Second Series Class A preferred shares. (Note) 3: Acquisition and cancellation of all 7,000 thousand First Series Class A preferred shares.」
The company issued 1,000 thousand Second Series Class A preferred shares and raised ¥10 billion, and acquired and canceled 7,000 thousand First Series Class A preferred shares. The capital-raising plan announced in the previous fiscal year was executed. - FY2022-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 8 November 2021, the company resolved to issue Second Series Class A preferred shares through a third-party allotment. Of the estimated net proceeds of ¥9,941,000,000 raised through the issuance of the Second Series Class A preferred shares, ¥7,000,000,000 is planned to be used on 13 December 2021 to redeem the First Series Class A preferred shares. The remainder, ¥2,941,000,000, is planned to be allocated to working capital, including loans, after the payment date.」
Regarding the diversification of capital-raising methods, the company resolved to issue 1,000,000 Second Series Class A preferred shares through a third-party allotment for total proceeds of ¥10 billion. It planned to use part of the proceeds to acquire and cancel 7,000,000 First Series Class A preferred shares on 13 December 2021 and allocate the remainder to working capital and other purposes. It also disclosed plans to reduce stated capital and capital reserve by ¥5 billion each upon issuance and transfer the amounts to other capital surplus. - FY2017RestatedAnnual report
「Through a third-party allotment of the First Series Class A preferred shares with a payment date of 12 December 2016, the company increased its stated capital and capital reserve by ¥3.5 billion each.」
The company had completed a third-party allotment of 7,000,000 First Series Class A preferred shares, increasing stated capital and capital reserve by ¥3.5 billion each, as confirmed in the annual report. - FY2017-Q3AdvancedAnnual report
「Through a third-party allotment of the First Series Class A preferred shares with a payment date of 12 December 2016, the company increased its stated capital and capital reserve by ¥3.5 billion each.」
Following the establishment of a framework enabling the issuance of preferred shares and the issuance resolution, the company conducted a third-party allotment of 7,000,000 First Series Class A preferred shares, increasing stated capital and capital reserve by ¥3.5 billion each. - FY2017-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 25 November 2016, the company resolved to issue Class A preferred shares through a third-party allotment.」
Following the establishment of a framework enabling the issuance of preferred shares, the company proceeded to a specific issuance resolution. The plan called for issuing 7,000,000 shares with total paid-in proceeds of ¥7 billion and a payment date of 12 December 2016. Part of the net proceeds was to be used to redeem subordinated bonds with special provisions, with the remainder allocated to working capital, loans and other purposes. - FY2016First statedAnnual report
「To diversify its options for flexible and agile financing and implement an appropriate capital policy, the company received approval at the 133rd annual general meeting of shareholders held on 28 June 2016 to issue Class A preferred shares with provisions differing from those for common shares regarding the matters prescribed in Article 108, Paragraph 1, Item 3 of the Companies Act, namely restrictions on voting rights.」
The company described the amendment to its articles of incorporation enabling the issuance of preferred shares as expanding the flexibility and agility of financing and the options available under its capital policy.