Covering the Deficit in Retained Earnings Brought Forward by Reducing Capital Reserves
First written in FY2024. 1 of 2 entries say "Achieved", first in FY2025-H1. Latest entry: FY2025-H1.
127 other companies' latest entry also says "Achieved".
- FY2025-H1AchievedAnnual report
「Pursuant to a resolution at the sixth annual general meeting of shareholders held on 25 June 2024, the Company reduced the capital reserve by ¥2,245.062 million effective 1 July 2024 and transferred the same amount to other capital surplus. It also transferred the entire ¥2,245.062 million in other capital surplus to retained earnings to compensate for the deficit.」
The plan to transfer ¥2,245.062 million from the capital reserve to other capital surplus and apply the entire amount to compensate for the deficit in retained earnings was implemented effective 1 July 2024. - FY2024First statedAnnual report
「For the purpose of compensating the deficit in retained earnings existing as of the end of the fiscal year ended March 2024 and strengthening the financial position, the Company will reduce the capital reserve pursuant to Article 448, Paragraph 1 of the Companies Act and dispose of surplus pursuant to Article 452 of the same Act.」
The Company presented a plan to transfer ¥2,245,062,003 from the capital reserve to other capital surplus and apply the entire amount to compensate for the deficit in retained earnings. The effective date was scheduled for 1 July 2024.