Capital policy aimed at the early repayment of public funds
First written in FY2016. 3 of 10 entries say "Restated". Latest entry: FY2024-Q3.
No other company in this theme has enough history to compare yet.
- FY2024-Q3Cited as achievedAnnual report
「The public funds introduced to strengthen financial intermediation functions were fully repaid in February 2023.」
Full repayment of public funds is cited as one of the historical factors behind the management integration that led to consideration of a merger between Shonai Bank and Hokuto Bank. - FY2024-Q1AchievedAnnual report
「As all Class B preferred shares were acquired and cancelled pursuant to a resolution of the Board of Directors dated 24 February 2023, there are no dividends relating to the Class B preferred shares.」
The disclosure states that the acquisition and cancellation of all Class B preferred shares relating to public funds has been completed. - FY2022AdvancedAnnual report
「The Company initially introduced ¥10 billion in public funds, but acquired and cancelled ¥5 billion of this amount as treasury shares in September 2021, leaving a balance of ¥5 billion as of the end of March 2022.」
The Company acquired and cancelled ¥5 billion of the ¥10 billion in public funds, reducing the balance to ¥5 billion. The disclosure also states that full repayment by the end of fiscal 2024 is in sight. - FY2022-Q2AdvancedAnnual report
「Pursuant to a resolution of the Board of Directors dated 28 September 2021, the Company acquired and cancelled 12,500 thousand treasury shares relating to Class B preferred shares as of 30 September 2021.」
In connection with the partial repayment of public funds, the Company acquired and cancelled 12,500 thousand Class B preferred shares. The disclosure describes progress in advancing repayment of public funds as a specific capital policy. - FY2021Clarifying the impact of public-fund repayment on the equity ratioAnnual report
「Although our group's consolidated equity ratio was maintained at 9.61% at the end of the fiscal year ended March 2021, repayment of public funds would have an impact of approximately negative 1% on the consolidated equity ratio. By strengthening retained earnings and rigorously controlling risk-weighted assets, we aim to maintain a consolidated equity ratio in the 9% range after repayment of public funds over the long term.」
The Company has clarified its outlook that repayment would reduce the consolidated equity ratio by approximately 1%, in relation to its previous target of maintaining the ratio in the 9% range after repayment of public funds. - FY2020ReframedAnnual report
「Our group introduced ¥10 billion in public funds as Class B preferred shares, as described in “4. Status of the Reporting Company, 1. Status of Shares and Other Securities.” These preferred shares are scheduled to be converted all at once into common shares in April 2025.」
In addition to the previous policy of pursuing early repayment of public funds, the Company specifies a scheme under which ¥10 billion of public funds will be converted all at once into common shares in April 2025, as well as management focused on the capital ratio after repayment. - FY2019RestatedAnnual report
「With a view to repaying public funds early, we will work to improve and strengthen our management foundation based on business performance, retain earnings, and maintain stable dividends.」
The Company reiterates its policy of pursuing early repayment of public funds, retaining earnings, strengthening its management foundation, and maintaining stable dividends. - FY2018RestatedAnnual report
「With a view to repaying public funds early, we will work to improve and strengthen our management foundation based on business performance, retain earnings, and maintain stable dividends.」
The Company reiterates its policy of pursuing early repayment of public funds, retaining earnings, strengthening its management foundation, and maintaining stable dividends. - FY2017RestatedAnnual report
「With a view to repaying public funds early, we will work to improve and strengthen our management foundation based on business performance, retain earnings, and maintain stable dividends.」
The Company reiterates its policy of pursuing early repayment of public funds, retaining earnings, strengthening its management foundation, and maintaining stable dividends. - FY2016First statedAnnual report
「With a view to repaying public funds early, we will work to improve and strengthen our management foundation based on business performance, retain earnings, and maintain stable dividends.」
The Company sets out early repayment of public funds alongside improving and strengthening its management foundation, retaining earnings, and maintaining stable dividends.