Review of the Capital Structure and Cancellation of Excess Treasury Shares
First written in FY2017. 23 of 36 entries say "Advanced", first in FY2019-Q2. Latest entry: 2026-09-01.
93 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 May 2025, the Company resolved to cancel treasury shares pursuant to Article 178 of the Companies Act and cancelled 1,133,100 treasury shares effective 31 March 2026.」
The repurchase and cancellation of 1,133,100 treasury shares based on the May 2025 resolution was completed. In addition, in May 2026, the Company resolved to conduct the next repurchase, up to a maximum of 2,000,000 shares and ¥7 billion. - FY2026-H1AdvancedAnnual report
「Based on a resolution adopted at a meeting of the Board of Directors held on 9 May 2025, the Company repurchased 952,400 treasury shares for ¥2,917 million during the current interim consolidated accounting period.」
Based on the May 2025 resolution, the Company repurchased 952,400 treasury shares for ¥2,917 million and advanced its shareholder return and capital efficiency improvement initiatives. - FY2025-H1RaisedAnnual report
「(2) Maximum number of shares that may be repurchased: 750,000 shares (3) Maximum total repurchase price: ¥2.5 billion (4) Repurchase period: 8 November 2024 to 24 March 2025 (2) Number of shares to be cancelled: All treasury shares acquired under 2. above (3) Scheduled cancellation date: 31 March 2025」
A new resolution was adopted to repurchase and cancel all 750,000 treasury shares acquired. The maximum total purchase price was raised from ¥2 billion in the previous resolution to ¥2.5 billion. In addition, during the current interim consolidated accounting period, the Company repurchased 750,000 shares for ¥1,957 million under another resolution. - FY2024-Q3AdvancedAnnual report
「Based on a resolution adopted at a meeting of the Board of Directors held on 4 August 2023, the Company repurchased 750,000 treasury shares for ¥1,826 million during the current third-quarter cumulative consolidated period.」
The treasury share repurchase based on the August 2023 resolution progressed to 750,000 shares and ¥1,826 million on a third-quarter cumulative basis. - FY2024-Q2AdvancedAnnual report
「Based on a resolution adopted at a meeting of the Board of Directors held on 4 August 2023, the Company repurchased 375,000 treasury shares for ¥929 million during the current second-quarter cumulative consolidated period.」
The treasury share repurchase based on the August 2023 resolution progressed to 375,000 shares and ¥929 million, and the Company is implementing the repurchase and cancellation initiative capped at 750,000 shares and ¥2 billion. - FY2024-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 4 August 2023, the Company resolved matters relating to the repurchase of treasury shares pursuant to Article 156 of the Companies Act, as applied by replacing the relevant terms under Article 165, paragraph 3 of the Act, and matters relating to the cancellation of treasury shares pursuant to Article 178 of the Act. (2) Maximum number of shares that may be repurchased: 750,000 shares (3) Maximum total repurchase price: ¥2 billion (4) Repurchase period: 7 August 2023 to 22 December 2023 (2) Number of shares to be cancelled: All treasury shares acquired under 2. above (3) Scheduled cancellation date: 29 March 2024」
A new resolution was adopted to repurchase treasury shares, up to a maximum of 750,000 shares and ¥2 billion, and cancel all shares acquired, to enhance shareholder returns and improve capital efficiency. - FY2023AchievedAnnual report
「At a meeting of the Board of Directors held on 13 May 2022, the Company resolved to cancel treasury shares pursuant to Article 178 of the Companies Act and cancelled 1,434,600 treasury shares effective 31 March 2023.」
The repurchase and cancellation of 1,434,600 treasury shares based on the May 2022 resolution was completed, indicating the completion of this capital policy cycle. - FY2023-Q3AdvancedAnnual report
「Based on a resolution adopted at a meeting of the Board of Directors held on 13 May 2022, the Company repurchased 1,434,600 treasury shares for ¥2,999 million during the current third-quarter cumulative consolidated period.」
The treasury share repurchase based on the May 2022 resolution progressed to a cumulative 1,434,600 shares and ¥2,999 million, and the Company continues its shareholder return and capital efficiency improvement initiatives. - FY2023-Q2AdvancedAnnual report
「Based on a resolution adopted at a meeting of the Board of Directors held on 13 May 2022, the Company repurchased 915,400 treasury shares for ¥1,947 million during the current second-quarter cumulative consolidated period.」
The treasury share repurchase based on the May 2022 resolution progressed to 915,400 shares and ¥1,947 million on a second-quarter cumulative basis. - FY2023-Q1AdvancedAnnual report
「Based on a resolution adopted at a meeting of the Board of Directors held on 13 May 2022, the Company repurchased 480,300 treasury shares for ¥999 million during the current first-quarter cumulative consolidated period.」
Under the new treasury share repurchase policy, the Company repurchased 480,300 shares for ¥999 million during the current first quarter. - FY2022AchievedAnnual report
「At a meeting of the Board of Directors held on 13 May 2021, the Company resolved matters relating to the repurchase of treasury shares and cancelled 1,454,700 treasury shares effective 31 March 2022.」
The Company completed the repurchase of the 1,500,000 treasury shares resolved in May 2021 and cancelled 1,454,700 shares on 31 March 2022, completing the initiative. It also resolved to conduct the next repurchase, up to a maximum of 1,500,000 shares and ¥3 billion. - FY2022-Q3AdvancedAnnual report
「Based on a resolution adopted at a meeting of the Board of Directors held on 13 May 2021, the Company repurchased 1,454,700 treasury shares for ¥2,499 million during the current third-quarter cumulative consolidated period.」
The treasury share repurchase based on the May 2021 resolution progressed to a cumulative 1,454,700 shares and ¥2,499 million, with purchases increasing from the previous quarter's cumulative amount. - FY2022-Q2AdvancedAnnual report
「Based on a resolution adopted at a meeting of the Board of Directors held on 13 May 2021, the Company repurchased 1,023,200 treasury shares for ¥1,698 million during the current second-quarter cumulative consolidated period.」
The treasury share repurchase based on the May 2021 resolution progressed to a cumulative 1,023,200 shares and ¥1,698 million. - FY2022-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 13 May 2021, the Company resolved matters relating to the repurchase of treasury shares pursuant to Article 156 of the Companies Act, as applied by replacing the relevant terms under Article 165, paragraph 3 of the Act, and repurchased 330,600 treasury shares during the current first-quarter accounting period.」
Based on the May 2021 resolution to repurchase treasury shares, the Company repurchased 330,600 shares during the current first quarter. Shareholder returns through the repurchase and cancellation of treasury shares, ongoing since the previous fiscal year, are progressing. - FY2021AdvancedAnnual report
「The Company cancelled 1,500,000 treasury shares effective 31 March 2021.」
The repurchase and cancellation of all 1,500,000 treasury shares resolved in the previous fiscal year was completed. In addition, in May 2021, the Company resolved to conduct the next repurchase and cancel all shares acquired, up to a maximum of 1,500,000 shares and ¥2.5 billion. - FY2021-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 6 November 2020, the Company resolved matters relating to the repurchase of treasury shares pursuant to Article 156 of the Companies Act, as applied by replacing the relevant terms under Article 165, paragraph 3 of the Act, and repurchased 927,800 treasury shares during the current third-quarter accounting period.」
Based on the November 2020 resolution, the Company repurchased 927,800 treasury shares during the current third quarter. - FY2021-Q2AdvancedAnnual report
「To enhance shareholder returns and improve capital efficiency, the Company resolved to repurchase treasury shares, up to a maximum of 1,500,000 shares and a maximum total purchase price of ¥3 billion, and to cancel all treasury shares acquired on 31 March 2021.」
A new resolution was adopted to repurchase and cancel all treasury shares acquired, up to a maximum of 1.5 million shares and ¥3 billion, to enhance shareholder returns and improve capital efficiency. - FY2020AchievedAnnual report
「At a Board of Directors meeting held on 7 August 2019, the company resolved to cancel treasury shares pursuant to Article 178 of the Companies Act and cancelled 2,000,000 treasury shares effective 31 March 2020.」
The acquisition and cancellation of all 2,000,000 treasury shares resolved in August 2019 was completed. - FY2020-Q3AdvancedAnnual report
「Based on a resolution of August 2019, the cumulative number of treasury shares acquired during the cumulative third quarter reached 1,385,400. Increase in treasury shares: ¥1,999 million」
Treasury share acquisitions under the August 2019 resolution progressed to a cumulative 1,385,400 shares and ¥1,999 million, and the acquisition program for shareholder returns is continuing. - FY2020-Q2AdvancedAnnual report
「Based on a resolution of the Board of Directors meeting held on 7 August 2019, the company acquired 675,100 treasury shares during the cumulative second quarter of the fiscal year.」
Based on the treasury share acquisition resolution of August 2019, the number of shares acquired during the cumulative second quarter reached 675,100, at an acquisition cost of ¥938 million. The treasury share acquisition program for shareholder returns is progressing. - FY2020-Q1AdvancedAnnual report
「At a Board of Directors meeting held on 7 August 2019, the company resolved matters relating to the acquisition of treasury shares pursuant to Article 156 of the Companies Act as applied by replacing the relevant provisions under Article 165, paragraph 3 of that Act, and also resolved matters relating to the cancellation of treasury shares pursuant to Article 178 of the Companies Act. 1. Reasons for acquiring and cancelling treasury shares The company established its basic capital policy under the medium-term management plan beginning in fiscal 2017. In line with this policy, the company will acquire and cancel treasury shares to further enhance shareholder returns. 2. Details of the acquisition resolution (1) Class of shares to be acquired: The company's common shares (2) Maximum number of shares that may be acquired: 2,000,000 shares (2.3% of shares outstanding, excluding treasury shares) (3) Maximum total acquisition cost: ¥4.0 billion (4) Acquisition period: 8 August 2019 to 28 February 2020 (5) Acquisition method: Market purchases 3. Details of treasury shares acquired (1) Class of shares acquired: The company's common shares (2) Total number of shares acquired: 500,000 shares (3) Acquisition price: ¥1,398 per share (4) Total acquisition cost: ¥699,000,000 (5) Acquisition date: 8 August 2019 (6) Acquisition method: Purchase through the Tokyo Stock Exchange's off-auction purchase transaction for treasury shares (ToSTNeT-3)」
To enhance shareholder returns, the company resolved to acquire and cancel all treasury shares acquired, subject to a maximum of 2,000,000 shares and ¥4.0 billion, and acquired 500,000 shares initially. - FY2019AchievedAnnual report
「At a Board of Directors meeting held on 26 October 2018, the company resolved to cancel treasury shares pursuant to Article 178 of the Companies Act and cancelled 1,800,000 treasury shares effective 29 March 2019.」
The acquisition and cancellation of all 1,800,000 treasury shares was completed, implementing the initiative to cancel excess treasury shares held. - FY2019-Q3AdvancedAnnual report
「Cumulative treasury shares acquired pursuant to the above Board of Directors resolution (1) Total number of shares acquired: 1,800,000 shares (2) Total acquisition cost: ¥2,495 million 3. Details of the cancellation of treasury shares resolved at the Board of Directors meeting held on 26 October 2018 pursuant to Article 178 of the Companies Act (1) Class of shares to be cancelled: The company's common shares (2) Number of shares to be cancelled: All treasury shares acquired under 1. above (3) Scheduled cancellation date: 29 March 2019」
The acquisition of 1,800,000 treasury shares at a total acquisition cost of ¥2,495 million was completed, and a plan was disclosed to cancel all of them on 29 March 2019. - FY2019-Q2AdvancedAnnual report
「To further enhance shareholder returns in line with this policy, the company will acquire and cancel treasury shares. (2) Maximum number of shares that may be acquired: 1,800,000 shares (number of shares after the share consolidation) (3) Maximum total acquisition cost: ¥3.0 billion (4) Acquisition period: 7 November 2018 to 28 February 2019 At a Board of Directors meeting held on 6 November 2018, the company determined the specific acquisition method and began implementing it. (2) Total number of shares acquired: 400,000 shares」
To enhance shareholder returns, the company resolved to acquire and cancel all treasury shares acquired, subject to a maximum of 1,800,000 shares and ¥3.0 billion after the share consolidation, and acquired 400,000 shares initially. - FY2018Cited as achievedAnnual report
「Based on a resolution of the Board of Directors meeting held on 28 June 2017, the company cancelled 15,200,000 treasury shares effective 30 June 2017. Based on a resolution of the Board of Directors meeting held on 28 September 2017, it also cancelled 4,363,000 treasury shares effective 29 September 2017.」
The company has again disclosed in its annual filing that it cancelled a total of 19,563,000 shares under its capital policy of cancelling excess treasury shares held. - FY2018-Q3Cited as achievedAnnual report
「Based on a resolution of the Board of Directors meeting held on 28 June 2017, the company cancelled 15,200,000 treasury shares effective 30 June 2017. Based on a resolution of the Board of Directors meeting held on 28 September 2017, it also cancelled 4,363,000 treasury shares effective 29 September 2017.」
The company has again disclosed the results of cancelling 15,200,000 shares and 4,363,000 shares under its capital policy of cancelling excess treasury shares held. - FY2018-Q2AchievedAnnual report
「At a Board of Directors meeting held on 28 September 2017, the company resolved to cancel treasury shares and cancelled 4,363,000 treasury shares effective 29 September 2017.」
The company purchased and then cancelled 4,363,000 treasury shares, implementing an additional capital policy measure to cancel excess treasury shares held. - FY2018-Q1AchievedAnnual report
「Based on a resolution of the Board of Directors meeting held on 28 June 2017, the company cancelled 15,200,000 treasury shares effective 30 June 2017.」
Under the initiative to cancel excess treasury shares held as set out in the medium-term management plan, the company cancelled 15,200,000 shares on 30 June 2017, completing the specific action. - FY2017First statedAnnual report
「Under the medium-term management plan beginning in fiscal 2017, the company adopted a policy of continuing to hold the number of treasury shares for which specific uses, such as stock options, have been identified, and promptly cancelling any excess.」
To ensure stable shareholder returns and flexibility and agility in capital policy, the company has indicated a policy and resolution to reduce stated capital and capital reserves by ¥6.9 billion each and cancel 15.2 million treasury shares, representing 7.76% of shares outstanding before the cancellation.