自己株式 (Jikokabushiki) refers to treasury stock or shares that a company has repurchased and holds in its own treasury in Japan. These are shares that were previously issued and outstanding but have been bought back by the issuing company. Treasury stock can result from share buybacks, where the company uses its excess cash to repurchase its own shares from the open market or through direct negotiations.
There are several reasons why a company might repurchase its own shares. By reducing the number of outstanding shares, the company can increase the earnings per share (EPS) and potentially boost the stock price. This can be beneficial for shareholders and can make the company's stock more attractive to investors. Additionally, holding treasury stock provides the company with flexibility for future corporate actions, such as using the shares for employee stock compensation plans, mergers and acquisitions, or reselling them in the market at a later date.
It is important to note that while treasury stock is held by the company, it does not have voting rights and does not receive dividends. This means that the repurchased shares do not have the same rights as shares held by external investors.
In summary, Jikokabushiki represents a strategic financial maneuver that allows companies to manage their capital structure, support stock prices, and maintain flexibility for future corporate needs.
See Also
In Japanese, the term 経費 (keihi) refers to "expenses" or "business expenses." These are the costs incurred in the process of running a business. Keihi can include a wide range of expenditures such as rent for office space, utilities like electricity, water, and internet, employee salaries and wages, office supplies, travel expenses, marketing and advertising costs, and depreciation of assets. Properly tracking and managing keihi is essential for maintaining accurate financial records, budgeting, and ensuring compliance with tax regulations. In Japan, businesses must be meticulous in documenting and categorizing their expenses to maximize tax deductions and maintain transparency with the tax authorities.
滞納 (tainou) refers to the failure to pay taxes or other required payments by the due date. This can lead to several consequences depending on the type of payment and the length of the delay.
For example, if national health insurance premiums are overdue, the individual might initially receive reminders and then a "資格証明書" (qualification certificate) instead of a regular insurance card, requiring them to pay medical costs upfront and seek reimbursement later. Continued non-payment can result in loss of benefits, such as high-cost medical expense coverage, and potentially lead to asset seizure if the overdue amounts remain unpaid.
In the case of local taxes like resident tax, late payments result in additional charges called 延滞金 (entairyou), which accumulate daily based on the amount owed and the length of the delay. Persistent non-payment can lead to more severe actions, including the seizure of assets like bank accounts or property.
For fixed asset taxes, the penalties are similar. An initial interest rate is applied for the first month of delay, which increases significantly after this period. If payments are not made even after receiving several reminders, the authorities may ultimately seize assets to cover the unpaid taxes
特段 (tokudan) is a Japanese term that translates to "special" or "particular" in English. It is used to describe something that is out of the ordinary or requires specific attention. For example, you might hear it in phrases like 特段の事情 (tokudan no jijou), meaning "special circumstances," or 特段の理由 (tokudan no riyuu), meaning "particular reason."
In business contexts, 特段 might be used to refer to exceptional conditions or considerations that need to be addressed separately from the usual procedures or rules.
Frequently Asked Questions
自己株式 (Jikokabushiki) refers to treasury stock or shares that a company has repurchased and holds in its own treasury in Japan. These are shares that were previously issued and outstanding but have been bought back by the issuing company. Treasury stock can result from share buybacks, where the company uses its excess cash to repurchase its own shares from the open market or through direct negotiations.
Treasury stock or shares is 自己株式 (jikokabushiki) in Japanese.
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