Maintaining financing flexibility through classes of shares
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020AdvancedAnnual report
「To diversify its options for flexible and agile financing and enable the implementation of appropriate capital policies, the company has provided in its Articles of Incorporation for the issuance of Class A and Class B shares, which have rights differing from those of common shares, including no voting rights at general meetings of shareholders, and has issued these classes of shares.」
The company has gone beyond securing an issuance framework and has actually issued Class B Shares in addition to Class A Shares. - FY2017RestatedAnnual report
「To diversify its options for flexible and agile financing and enable the implementation of appropriate capital policies, the company has provided in its Articles of Incorporation for the issuance of Class 1 Preferred Shares, which have rights differing from those of common shares, including no voting rights at general meetings of shareholders.」
The company continues to maintain a framework in its Articles of Incorporation for securing financing options through classes of shares. As of the filing date, no Class 1 Preferred Shares had been issued. - FY2017First statedAnnual report
「To diversify its options for flexible and agile financing and enable the implementation of appropriate capital policies, the company has provided in its Articles of Incorporation for the issuance of Class 1 Preferred Shares, which have rights differing from those of common shares, including no voting rights at general meetings of shareholders.」
The company has described a framework in its Articles of Incorporation allowing it to issue Class 1 Preferred Shares in order to diversify its financing options and make its capital policy more flexible.