Issuance of Preferred Shares by a Consolidated Subsidiary
First written in FY2021-Q2. 1 of 3 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2022.
0 other companies' latest entry also says "Other".
- FY2022Acquisition and cancellation of Prince Hotel preferred sharesAnnual report
「In addition, 株式会社プリンスホテル acquired and cancelled all of the Class A preferred shares it had issued in the previous fiscal year on 30 March 2022.」
All ¥10 billion of the Prince Hotels preferred shares issued in the previous fiscal year were acquired and cancelled, leaving ¥70 billion of 西武鉄道 preferred shares outstanding at the end of the fiscal year. - FY2021-Q3AdvancedAnnual report
「As “group capital funding without diluting our shares,” which we had been considering as a financial cash flow initiative, at a meeting of the Board of Directors held on 12 November 2020 we approved the issuance by our consolidated subsidiaries Seibu Railway Co., Ltd. and 株式会社プリンスホテル of preferred shares totaling ¥80.0 billion to 株式会社みずほ銀行 and 株式会社日本政策投資銀行 through a third-party allotment, and resolved to enter into investment agreements concerning the subscription for these preferred shares with each issuing company and allottee. We entered into the agreements on the same date, and payment for the preferred shares was completed on 26 November 2020.」
Payment for the ¥80 billion in preferred shares issued by a consolidated subsidiary was completed on 26 November 2020. - FY2021-Q2First statedAnnual report
「We approved the issuance by our consolidated subsidiaries Seibu Railway Co., Ltd. and 株式会社プリンスホテル of preferred shares totaling ¥80.0 billion to 株式会社みずほ銀行 and 株式会社日本政策投資銀行 through a third-party allotment, and resolved to enter into investment agreements concerning the subscription for these preferred shares with each issuing company and allottee.」
To strengthen the financial base, we resolved to issue preferred shares through a third-party allotment totaling ¥80.0 billion: ¥70.0 billion by Seibu Railway and ¥10.0 billion by Prince Hotel. The proceeds were intended for repayment of existing borrowings and business funding, with the payment date scheduled for 26 November 2020.