Addressing Dilution Concerns Through Treasury Share Cancellation
First written in FY2019-Q1. 1 of 2 entries say "Achieved", first in FY2019-Q2. Latest entry: FY2019-Q2.
6 other companies' latest entry also says "Achieved".
- FY2019-Q2AchievedAnnual report
「At a meeting of the Board of Directors held on 27 July 2018, the company resolved to cancel treasury shares pursuant to Article 178 of the Companies Act. 1. Class of shares to be cancelled: Common shares 3. Number of shares to be cancelled: 151,660 shares (14.91% of the total number of issued shares before cancellation) 4. Scheduled cancellation date: 17 August 2018」
The cancellation of the 151,660 treasury shares resolved upon, representing 14.91% of total issued shares before cancellation, was carried out on 17 August 2018, reducing total issued shares to 865,301. - FY2019-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 27 July 2018, the company resolved to cancel treasury shares pursuant to Article 178 of the Companies Act. 1. Class of shares to be cancelled: Common shares 3. Number of shares to be cancelled: 151,660 shares (14.91% of the total number of issued shares before cancellation) 4. Scheduled cancellation date: 17 August 2018」
The company disclosed for the first time a resolution to cancel 151,660 common shares, equivalent to 14.91% of total issued shares, on 17 August 2018, with the aim of dispelling concerns about future dilution of share value from the release of treasury shares.