Share Repurchases to Improve Capital Efficiency
First written in FY2018. 13 of 17 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2023.
- FY2023AdvancedAnnual report
「As a result of pursuing the acquisition of high-quality real estate while maintaining financial soundness in line with its capital allocation policy focused on capital efficiency, inventory had accumulated to ¥118.2 billion at the end of FY2023, an increase of ¥52.8 billion over three years, and fixed assets had reached ¥70.8 billion, an increase of ¥20.3 billion. Total assets expanded to ¥245.3 billion, an increase of ¥83.6 billion over the same period, or approximately 1.5 times the previous level. Total equity grew to ¥82.3 billion, an increase of ¥23.3 billion, due in part to the accumulation of retained earnings. In terms of shareholder returns, the Company achieved a payout ratio of 30.0% in the final year of the medium-term plan, as initially planned, through a gradual increase from 25% to 30% over three years, and also repurchased treasury shares totaling ¥1.5 billion over the three-year period.」
The Company repurchased ¥1.5 billion of treasury shares over three years while also acquiring high-quality real estate and expanding its asset base. - FY2023-Q2AdvancedAnnual report
「Cash outflow for the acquisition of treasury shares △113,831」
An expenditure of ¥113.831 million for the acquisition of treasury shares was recorded, and treasury share repurchases continue. - FY2023-Q1AdvancedAnnual report
「At a board meeting held on 5 July 2022, the Company resolved to acquire treasury shares during the period from 6 July 2022 to 31 December 2022, and acquired 84,300 shares during the first quarter.」
Under the treasury share repurchase plan, 84,300 shares were acquired during the first quarter. - FY2022AdvancedAnnual report
「Status of the resolution at the board meeting (5 July 2022) (acquisition period: 6 July 2022 to 31 December 2022): 298,600 treasury shares were acquired during the fiscal year, against a maximum of 600,000 shares.」
Following the acquisition of 475,700 shares under the plan launched in January 2022, 298,600 shares were acquired under the plan launched in July, including 84,300 shares acquired by the filing date. Treasury share repurchases aimed at improving capital efficiency continue. - FY2022-Q3AdvancedAnnual report
「At a board meeting held on 5 July 2022, the Company resolved to acquire treasury shares during the period from 6 July 2022 to 31 December 2022, and had acquired 185,600 shares by the end of the third quarter.」
The acquisition period was approved under the new treasury share repurchase plan, and 185,600 shares had been acquired by the end of the quarter. - FY2022-Q2AdvancedAnnual report
「At a board meeting held on 12 January 2022, the Company resolved to acquire treasury shares during the period from 13 January 2022 to 31 July 2022, and had acquired 475,700 shares by the end of the second quarter. The acquisition was completed on 25 March 2022.」
Under the treasury share repurchase launched in January 2022, 475,700 shares were acquired and the acquisition was completed on 25 March. Following completion of the acquisition, a new plan with a maximum of 600,000 shares and ¥500 million was also approved after the filing date. - FY2022-Q1AdvancedAnnual report
「At a board meeting held on 12 January 2022, the Company resolved to acquire treasury shares during the period from 13 January 2022 to 31 July 2022, and acquired 321,700 shares.」
Under the new treasury share repurchase plan, 321,700 shares were acquired during the acquisition period from 13 January to 31 July 2022. - FY2021-Q3AchievedAnnual report
「At a board meeting held on 25 January 2021, the Company resolved to acquire treasury shares during the period from 1 February 2021 to 31 July 2021, and had acquired 466,100 shares by the end of the third quarter. The acquisition was completed on 6 July 2021.」
Under the treasury share repurchase launched in February 2021, 466,100 shares were acquired and the acquisition was completed on 6 July. - FY2021-Q2AdvancedAnnual report
「At a board meeting held on 25 January 2021, the Company resolved to acquire treasury shares during the period from 1 February 2021 to 31 July 2021, and had acquired 349,500 shares by the end of the second quarter.」
Under the new treasury share repurchase plan, the number of shares acquired during the acquisition period increased from 93,500 to 349,500. - FY2021-Q1AdvancedAnnual report
「At a board meeting held on 25 January 2021, the Company resolved matters relating to the acquisition of treasury shares pursuant to Article 156 of the Companies Act, as applied mutatis mutandis pursuant to Article 165, paragraph 3 of the Act.」
Under the new treasury share repurchase plan, the acquisition period was set from 1 February to 31 July 2021, and 93,500 shares had been acquired by the end of the first quarter. - FY2020AdvancedAnnual report
「At a board meeting held on 25 January 2021, the Company resolved matters relating to the acquisition of treasury shares pursuant to Article 156 of the Companies Act, as applied mutatis mutandis pursuant to Article 165, paragraph 3 of the Act.」
Following completion of the acquisition of 499,500 shares launched in April 2020, a new plan was approved to acquire up to 700,000 shares for ¥500 million during the period from February to July 2021. - FY2020-Q3AchievedAnnual report
「At a board meeting held on 6 April 2020, the Company resolved to acquire treasury shares during the period from 8 April 2020 to 31 October 2020, and acquired 499,500 shares. The acquisition was completed on 7 July 2020.」
Under the treasury share repurchase launched in April 2020, 499,500 shares were acquired and the acquisition was completed on 7 July 2020. - FY2020-Q2AdvancedAnnual report
「At a board meeting held on 6 April 2020, the Company resolved to acquire treasury shares during the period from 8 April 2020 to 31 October 2020, and had acquired 188,800 shares by the end of the second quarter.」
The Company acquired 188,800 shares during the acquisition period under the new treasury share repurchase plan. - FY2020-Q1AdvancedAnnual report
「1. Purpose of acquiring treasury shares To increase shareholder returns and improve capital efficiency. 2. Details of the acquisition (1) Class of shares to be acquired Common shares (2) Total number of shares that may be acquired 700,000 shares (maximum) (Equivalent to 1.5% of total shares issued excluding treasury shares) (3) Total acquisition cost ¥500 million (maximum) (4) Acquisition period 8 April 2020 to 31 October 2020 (5) Acquisition method Discretionary investment management through a securities company」
Following completion of the previous treasury share repurchase, a new plan was approved to increase shareholder returns and improve capital efficiency. The maximum was 700,000 shares and ¥500 million, with an acquisition period from 8 April to 31 October 2020. - FY2019-Q2AchievedAnnual report
「At a board meeting held on 5 February 2019, the Company resolved to acquire treasury shares during the period from 7 February 2019 to 31 August 2019, and had acquired 157,800 shares by the end of the first quarter.」
The disclosure states that 1,008,700 shares were acquired under the treasury share repurchase plan and that the acquisition was completed on 23 April 2019, completing the plan's implementation. - FY2019-Q1AdvancedAnnual report
「At a board meeting held on 5 February 2019, the Company resolved to acquire treasury shares during the period from 7 February 2019 to 31 August 2019, and had acquired 157,800 shares by the end of the first quarter.」
The Company acquired 157,800 shares during the acquisition period under the treasury share repurchase plan aimed at improving capital efficiency and enabling flexible capital policies. - FY2018First statedAnnual report
「To improve capital efficiency and enable the flexible implementation of capital policies in response to changing conditions. Total number of shares that may be acquired: 1,200,000 shares (maximum), equivalent to 2.5% of total shares issued excluding treasury shares; total acquisition cost: ¥1 billion (maximum); acquisition period: 7 February 2019 to 31 August 2019」
A treasury share repurchase plan was first disclosed as a post-year-end board resolution, aimed at improving capital efficiency and enabling flexible capital policies, with a maximum of 1.2 million shares and ¥1 billion to be repurchased from 7 February to 31 August 2019.