Strengthening the Capital Base Through A-Class Preferred Shares and the Partial Acquisition and Cancellation Thereof
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2019-Q1.
4 other companies' latest entry also says "Achieved".
- FY2019-Q1AchievedAnnual report
「At a Board of Directors meeting held on 27 April 2018, the company resolved to acquire the Class A preferred shares under the acquisition provision for cash consideration in Article 12-8 of the company's articles of incorporation and cancel them under Article 178 of the Companies Act, and carried out the acquisition and cancellation on 31 July 2018.」
Following the issuance of the Class B preferred shares, the company acquired and cancelled 470 Class A preferred shares on 31 July 2018, completing the planned replacement of the preferred shares. - FY2018AdvancedAnnual report
「Following the issuance of the Class B preferred shares, the company will acquire the Class A preferred shares because doing so will reduce the preferred-dividend burden while maintaining shareholders' equity.」
The company decided to issue 470 Class B preferred shares and use part of the proceeds to acquire and cancel 470 Class A preferred shares on 31 July 2018. - FY2017RestatedAnnual report
「At a Board of Directors meeting held on 27 April 2016, the company resolved to acquire and cancel 30 Class A preferred shares, and carried out the transaction on 12 May 2016.」
The acquisition and cancellation of 30 Class A preferred shares was also confirmed in the annual report, with the number of issued shares standing at 470. - FY2017-Q2RestatedAnnual report
「At a Board of Directors meeting held on 27 April 2016, the company resolved to acquire and cancel 30 Class A preferred shares, and carried out the transaction on 12 May 2016.」
The acquisition and cancellation of 30 Class A preferred shares was reported again, bringing the number of issued Class A preferred shares at the end of the second quarter to 470. - FY2016First statedAnnual report
「On 31 July 2014, the company issued 500 Class A preferred shares (¥50 billion) to facilitate the procurement of funds required for capital investment, stabilise its financial base through the early recovery of its impaired net assets, and maintain its creditworthiness.」
On 12 May 2016, after securing a certain level of profit, the company acquired and cancelled 30 shares, reducing the number of issued Class A preferred shares to 470.