Flexible Capital Policy Through the Acquisition of Treasury Stock
First written in FY2017. 4 of 11 entries say "Raised", first in FY2025. Latest entry: FY2026.
- FY2026RaisedAnnual report
「Shareholder returns Payout ratio DOE Dividends based on the higher of a 40% payout ratio or 2.0% DOE Treasury share acquisitions ¥3 billion Implemented flexibly according to operating performance and financial position」
The medium-term target for treasury share acquisitions was raised from the previous maximum of ¥2 billion to ¥3 billion. During the period, the company acquired 736,900 shares for ¥999.973 million and also cancelled treasury shares. - FY2025RaisedAnnual report
「Shareholder returns Payout ratio DOE Dividends based on the higher of a 40% payout ratio or 2.0% DOE Treasury share acquisitions Maximum amount: ¥2 billion Target: 5% of total shares outstanding」
In addition to acquiring 1,038,500 treasury shares for ¥999.962 million during the period, the company has stated a policy under its current medium-term management plan of setting a maximum acquisition amount of ¥2 billion and targeting 5% of total shares outstanding. - FY2023AdvancedAnnual report
「Status of the resolution adopted by the Board of Directors (10 February 2023) (Acquisition period: 13 February 2023 to 12 February 2024) 1,000,000 ¥600 million Treasury shares acquired during the fiscal year 59,200 ¥35.077 million」
The Board of Directors resolved to acquire treasury shares up to a limit of 1,000,000 shares and ¥600 million, and acquired 59,200 shares for ¥35.077 million during the fiscal year. - FY2020-Q2AdvancedAnnual report
「Based on a resolution adopted by the Board of Directors at its meeting held on 27 August 2019, 158,100 shares were acquired on 28 August 2019 through the Nagoya Stock Exchange's off-auction treasury share purchase transaction (N-NET3).」
The company disclosed the acquisition of 158,100 treasury shares using N-NET3 based on a Board of Directors resolution, adding a specific example of the implementation of a flexible capital policy. - FY2019RestatedAnnual report
「Under Article 165, Paragraph 2 of the Companies Act, the company's articles of incorporation provide that it may acquire its own shares through market transactions and other means based on a resolution of the Board of Directors. This is intended to enable the company to pursue flexible capital policies in response to changes in the business environment.」
The articles of incorporation continue to authorize the Board of Directors to acquire treasury shares for the purpose of pursuing flexible capital policies. During the period, 721 shares constituting less than one trading unit were acquired. - FY2018RestatedAnnual report
「Under Article 165, Paragraph 2 of the Companies Act, the company's articles of incorporation provide that it may acquire its own shares through market transactions and other means based on a resolution of the Board of Directors. This is intended to enable the company to pursue flexible capital policies in response to changes in the business environment.」
The provision in the articles of incorporation authorizing the acquisition of treasury shares for the purpose of pursuing flexible capital policies remains in place. - FY2017First statedAnnual report
「Treasury shares acquired during the fiscal year 199,000 ¥69,451 thousand. Under Article 165, Paragraph 2 of the Companies Act, the company's articles of incorporation provide that it may acquire its own shares through market transactions and other means based on a resolution of the Board of Directors. This is intended to enable the company to pursue flexible capital policies in response to changes in the business environment.」
Based on a resolution of the Board of Directors dated 30 August 2016, the company acquired 199,000 treasury shares for ¥69,451 thousand during the fiscal year.