Covering the Deficit in Retained Earnings Through a Reduction in Capital Reserves and Increasing Capital-Policy Flexibility
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
127 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「At the 35th Annual General Meeting of Shareholders held on 29 September 2021, the Company resolved to reduce the amount of its capital reserve and dispose of retained earnings. In accordance with Article 448, Paragraph 1 of the Companies Act, effective 29 September 2021, it reduced its capital reserve by ¥321.458 million and transferred the same amount to other capital surplus. In addition, in accordance with Article 452 of the Companies Act, it transferred ¥321.458 million from other capital surplus to retained earnings carried forward to offset the deficit in retained earnings carried forward.」
The reduction of the ¥321.458 million capital reserve, its transfer to other capital surplus, and the offsetting of the deficit in retained earnings carried forward became effective on 29 September 2021, and the plan was implemented. - FY2021First statedAnnual report
「The purpose is to cover the deficit in retained earnings and secure flexibility and agility in future capital policy.」
The plan called for reducing capital reserves by ¥321,458 thousand, transferring the amount to other capital surplus and then to retained earnings. The plan was approved at the shareholders' meeting on 29 September 2021.