pregunta 31.8.3; métodos empleados en los laboratorios veterinarios: pregunta 32; requisitos para la protección fitosanitaria: pregunta 32) y, aunque no lo indique explícitamente, supone
IV. OTRAS POLÍTICAS QUE AFECTAN AL COMERCIO EXTERIOR 1. Política industrial
Year Ended March 31, 2019
1. Shares outstanding
Class of shares April 1, 2018 Increase Decrease March 31, 2019
Shares of common stock 35,079,161 — — 35,079,161
2. Treasury stock
Class of shares April 1, 2018 Increase Decrease March 31, 2019
Shares of common stock 454,248 351,125 93,000 712,373
Notes:1. The increase of 351,125 shares of treasury stock (shares of common stock) comprised acquisition of 425 shares based on requests for purchase of shares less than one unit; acquisition of 100,000 shares in the market based on a resolution of the Board of Directors on May 15, 2018; and acquisition of 250,700 shares in the market by the ESOP Trust Account.
2. The decrease of 93,000 shares of treasury stock (shares of common stock) comprised a decrease of 72,000 shares due to transfer from the ESOP Trust Account to the JACCS Co., Ltd. Employee Stock Ownership Association; a decrease of 4,800 shares due to exercise of stock options; and a decrease of 16,200 shares due to grant of restricted share units as stock-based compensation.
3. Treasury stock (shares of common stock) includes shares of the Company held by the ESOP Trust Account (178,700 shares as of March 31, 2019). This is because shares of the Company held by the ESOP Trust Account are presented on the Consolidated Balance Sheets as treasury stock.
3. Subscription rights to shares
Company name Classifi cation Class of shares to be delivered
Number of shares to be delivered Balance at
March 31, 2019
(Millions of Yen)
April 1, 2018 Increase Decrease March 31, 2019
JACCS Co., Ltd. Subscription rights
to shares — — — — — ¥275
Total — — — — ¥275
Company name Classifi cation Class of sharesto be delivered Number of shares to be delivered March 31, 2019Balance at
(Millions of U.S. Dollars)
April 1, 2018 Increase Decrease March 31, 2019
JACCS Co., Ltd. Subscription rightsto shares — — — — — $2
Total — — — — $2
4. Dividends (1) Dividends paid
Resolution Class of shares Total dividend amount Dividend per share Record date Effective date
Ordinary General Meeting of
Shareholders, June 28, 2018 Shares of common stock ¥1,384 million ¥40.00 March 31, 2018 June 29, 2018 Board of Directors,
November 7, 2018 Shares of common stock ¥1,381 million ¥40.00 September 30, 2018 November 30, 2018
Note: The total dividend amount authorized by a resolution of the Board of Directors on November 7, 2018, included ¥10 million paid to The Master Trust Bank of Japan, Ltd. (ESOP Trust Account, No. 76325).
Resolution Class of shares Total dividend amount Dividend per share Record date Effective date
Ordinary General Meeting of
Shareholders, June 28, 2018 Shares of common stock $12 million $0.36 March 31, 2018 June 29, 2018
Board of Directors,
November 7, 2018 Shares of common stock $12 million $0.36 September 30, 2018 November 30, 2018
(2) Dividends applicable to the fiscal year ended March 31, 2019, which have an effective date during the fiscal year ending March 31, 2020
Resolution Class of shares Source of dividends Total dividend amount Dividend per share Record date Effective date Ordinary General Meeting of
Shareholders, June 27, 2019
Shares of common
stock Retained earnings ¥1,381 million ¥40.00 March 31, 2019 June 28, 2019
Note: The total dividend amount authorized by a resolution of the Ordinary General Meeting of Shareholders on June 27, 2019, included ¥7 million paid to The Master Trust Bank of Japan, Ltd. (ESOP Trust Account, No. 76325).
Resolution Class of shares Source of dividends Total dividend amount Dividend per share Record date Effective date Ordinary General Meeting of
Shareholders, June 27, 2019
Shares of common
stock Retained earnings $12 million $0.36 March 31, 2019 June 28, 2019
Year Ended March 31, 2018 1. Shares outstanding
Class of shares April 1, 2017 Increase Decrease March 31, 2018
Shares of common stock 175,395,808 — 140,316,647 35,079,161
Notes: 1. On October 1, 2017, the Company executed a reverse stock split (consolidation of shares) at a ratio of 1-for-5 shares of common stock.
2. The decrease in the number of shares of common stock outstanding of 140,316,647 shares was due to a reverse stock split (consolidation of shares).
2. Treasury stock
Class of shares April 1, 2017 Increase Decrease March 31, 2018
Shares of common stock 2,720,711 3,991 2,270,454 454,248
Notes: 1. On October 1, 2017, the Company executed a reverse stock split (consolidation of shares) at a ratio of 1-for-5 shares of common stock.
2. The increase of 3,991 shares of treasury stock (shares of common stock) comprised an increase of 393 shares through the purchase of fractional shares accompanying a reverse stock split (consolidation of shares); and acquisition of 3,598 shares based on requests for purchase of shares less than one unit (2,856 shares prior to the reverse stock split, and 742 shares subsequent to the reverse stock split).
3. The decrease of 2,270,454 shares of treasury stock (share of common stock) comprised a decrease of 2,017,254 shares owing to the reverse stock split (consolidation of shares); a decrease of 244,600 shares due to a transfer from the ESOP Trust Account to the JACCS Co., Ltd. Employee Stock Ownership Association (202,000 shares prior to the reverse stock split, and 42,600 shares subsequent to the reverse stock split); and a decrease of 8,600 shares subsequent to the reverse stock split due to exercise of stock options.
4. Treasury stock (shares of common stock) includes shares of the Company held by the ESOP Trust Account (415,000 shares as of April 1, 2017). This is due to shares of the Company held by the ESOP Trust Account being presented on the Consolidated Balance Sheets as treasury stock. This ESOP Trust Account was terminated in March 2018.
3. Subscription rights to shares
Company name Classifi cation Class of shares to be delivered
Number of shares to be delivered Balance at
March 31, 2018
(Millions of Yen)
April 1, 2017 Increase Decrease March 31, 2018
JACCS Co., Ltd. Subscription rightsto shares — — — — — ¥266
Total — — — — ¥266
4. Dividends (1) Dividends paid
Resolution Class of shares Total dividend amount Dividend per share Record date Effective date
Ordinary General Meeting of
Shareholders, June 29, 2017 Shares of common stock ¥1,298 million ¥7.50 March 31, 2017 June 30, 2017 Board of Directors,
November 8, 2017 Shares of common stock ¥1,384 million ¥8.00 September 30, 2017 November 30, 2017
Notes: 1. The total dividend amount authorized by a resolution of the Ordinary General Meeting of Shareholders on June 29, 2017, included ¥3 million paid to The Master Trust Bank of Japan, Ltd. (ESOP Trust Account, No. 75579).
2. The total dividend amount authorized by a resolution of the Board of Directors on November 8, 2017, included ¥1 million paid to The Master Trust Bank of Japan, Ltd. (ESOP Trust Account, No. 75579).
3. On October 1, 2017, the Company executed a reverse stock split (consolidation of shares) at a ratio of 1-for-5 shares of common stock. With regards to cash dividends per share, the amounts presented are those prior to the reverse stock split.
(2) Dividends applicable to the fiscal year ended March 31, 2018, which have an effective date during the fiscal year ended March 31, 2019
Resolution Class of shares Source of dividends Total dividend amount Dividend per share Record date Effective date Ordinary General Meeting of
Shareholders, June 28, 2018
Shares of common