Flexible Capital Policy Through Treasury Share Repurchases
First written in FY2023-Q2. 2 of 4 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2025.
- FY2025RestatedAnnual report
「At meetings of the Board of Directors, the Company decides important matters prescribed by laws and regulations and management plans for the current fiscal year in accordance with the Board of Directors' rules. It also shares information on changes in the business environment and risks surrounding the Company, discusses the implementation of capital policies such as the acquisition of treasury shares, and conducts discussions and reviews aimed at enhancing corporate value over the medium to long term.」
The Board of Directors discusses and reviews capital policies, including the acquisition of treasury shares, but no new acquisition resolution or additional acquisition has been disclosed. - FY2023AdvancedAnnual report
「Treasury shares acquired during the fiscal year 100,000 22,271,900」
The company acquired 100,000 shares under the resolution to acquire treasury shares, bringing treasury shares held at the end of the fiscal year to 2,353,629, or 13.30% of total issued shares. The flexible capital policy has progressed to the implementation stage. - FY2023-Q3AdvancedAnnual report
「Note: As a result of the acquisition of treasury shares and other transactions based on the resolution of the Board of Directors held on 31 October 2022, the number of treasury shares as of the end of the third quarter accounting period was 2,353,577 shares.」
Acquisitions and other transactions under the 31 October 2022 resolution to acquire treasury shares progressed, bringing the number of treasury shares at the end of the third quarter to 2,353,577. The flexible capital policy progressed from the resolution stage to the implementation stage. - FY2023-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 31 October 2022, the Company resolved matters relating to the acquisition of treasury shares pursuant to Article 156 of the Companies Act, as applied mutatis mutandis under Article 165, Paragraph 3 of the same Act, as described below. 1. Reason for acquiring treasury shares: to enable the flexible execution of capital policies in response to changes in the operating environment. 2. Details of the acquisition: (1) Class of shares to be acquired: the Company's common shares; (2) Maximum number of shares to be acquired: 100,000 shares (0.65% of the total number of issued shares excluding treasury shares); (3) Maximum total acquisition price: ¥25,000,000; (4) Acquisition period: 1 November 2022 to 30 June 2023; (5) Acquisition methods: ① purchases through the off-auction purchase of treasury shares (ToSTNeT-3); ② market purchases on the Tokyo Stock Exchange.」
The company has newly disclosed a resolution to acquire treasury shares as a flexible capital policy in response to changes in the operating environment, with a maximum of 100,000 shares and a maximum total acquisition price of ¥25 million during the period from 1 November 2022 to 30 June 2023.