Covering the Deficit in Retained Earnings Brought Forward Through a Reduction in Stated Capital and Disposition of Surplus, and Increasing Flexibility in Capital Policy
First written in FY2024-H1. 1 of 2 entries say "Achieved", first in FY2025. Latest entry: FY2025.
127 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「The Company is reducing capital to absorb the deficit in retained earnings, strengthen its financial position and secure flexibility and agility in future capital policy. The reduction amounts to 82.7% of capital.」
On 1 November 2024, the Company completed the capital reduction from ¥238.607 million to ¥50.000 million to absorb the deficit in retained earnings. - FY2024-H1First statedAnnual report
「At a Board of Directors meeting held on 9 August 2024, the Company resolved to submit a proposal concerning a reduction in capital and disposition of surplus to the extraordinary general meeting of shareholders scheduled for 27 September 2024. The purpose is to absorb the existing deficit in retained earnings, strengthen the financial position and secure flexibility and agility in future capital policy. Capital of ¥238,607,200 will be reduced by ¥188,607,200 to ¥50,000,000. Other capital surplus will be transferred to retained earnings and used to absorb the deficit.」
The plan calls for reducing capital from ¥238,607,200 to ¥50,000,000 and transferring ¥956,351,314 of other capital surplus to retained earnings. The extraordinary general meeting was scheduled for 27 September 2024 and the reduction was scheduled to take effect on 1 November 2024.