Reduction of Capital Stock and Capital Reserve and Deficit Offset to Secure Capacity for Shareholder Returns
First written in FY2017. 4 of 8 entries say "Achieved", first in FY2018-Q1. Latest entry: FY2024-Q2.
8 other companies' latest entry also says "Cited as achieved".
- FY2024-Q2Cited as achievedAnnual report
「Effective 1 March 2024, stated capital decreased by ¥604,145 thousand, capital reserves decreased by ¥604,145 thousand, and other capital surplus increased by ¥1,208,290 thousand.」
The financial statements also confirm that the reduction of stated capital and capital reserves without consideration and the disposal of surplus for the purpose of offsetting accumulated deficits and strengthening the financial position took effect on 1 March 2024. - FY2024-Q1AchievedAnnual report
「The proposal was approved as submitted at the shareholders meeting and took effect on 1 March 2024.」
The reduction of stated capital and capital reserves and the disposal of surplus for the purpose of offsetting accumulated deficits and strengthening the financial position were carried out on 1 March 2024. Stated capital was ¥50 million, capital reserves were ¥0, and ¥16,933,893,037 was applied to offset accumulated deficits. - FY2022-Q1AchievedAnnual report
「The proposal was approved as submitted at the shareholders meeting and took effect on 1 March 2022.」
The reduction of stated capital and capital reserves and the transfer of ¥3,114,061,823 in other capital surplus to offset accumulated deficits were carried out on 1 March 2022. - FY2021AdvancedAnnual report
「Of the stated capital of ¥1,051,583,660, ¥1,001,583,660 will be reduced, leaving ¥50,000,000, and the entire reduction will be transferred to other capital surplus.」
Following the deficit offset in March 2021, the procedures to further reduce stated capital and capital reserves effective 1 March 2022 and apply ¥3,114 million to offset accumulated deficits progressed to shareholder approval. - FY2021-Q2AchievedAnnual report
「Effective 1 March 2021, stated capital decreased by ¥3,143,697 thousand, capital reserves decreased by ¥3,472,113 thousand, and other capital surplus increased by ¥6,615,810 thousand.」
The reduction of stated capital and capital reserves and the disposal of surplus to offset accumulated deficits were carried out on 1 March 2021. - FY2020AdvancedAnnual report
「The Company has worked to strengthen its financial position amid the COVID-19 pandemic. To offset the deficit in retained earnings brought forward, further strengthen its financial position and promote more efficient management, it decided to submit to the 32nd annual shareholders meeting a proposal to reduce stated capital, capital reserves and legal capital surplus and to dispose of surplus.」
Following the 2018 deficit offset, the procedures to reduce stated capital from ¥3,193 million to ¥50 million and capital reserves from ¥3,472 million to ¥0, and to offset accumulated deficits, were specified as taking effect on 1 March 2021. - FY2018-Q1AchievedAnnual report
「The proposal was approved at the shareholders meeting, and the reduction of stated capital and capital reserves and the disposal of surplus were carried out on 1 March 2018.」
The reduction of stated capital and capital reserves and the disposal of surplus were carried out on 1 March 2018 after approval at the shareholders meeting. - FY2017First statedAnnual report
「The Company will reduce the amounts of stated capital and capital reserves pursuant to Articles 447, paragraph 1 and 448, paragraph 1 of the Companies Act and transfer the reductions to other capital surplus. It will then transfer the resulting other capital surplus to retained earnings brought forward pursuant to Article 452 of the Companies Act and apply it to offset accumulated deficits. The purpose is to offset past deficits, secure flexibility and agility in future capital policy, and put the Company in a position to implement shareholder-return measures such as future dividends from surplus and share repurchases.」
The plan called for stated capital and capital reserves each to be reduced to ¥100 million, with ¥14,357,757 thousand in other capital surplus applied to offset accumulated deficits.