Securing Flexibility in Capital Policy and Capital Reduction Without Compensation in Line with Business Scale
First written in FY2022-Q3. 1 of 2 entries say "Achieved", first in FY2022. Latest entry: FY2022.
118 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「On 22 February 2022, the company reduced stated capital and capital reserves. Of stated capital of ¥751,591,776, ¥651,591,776 was reduced, leaving ¥100,000,000, and of capital reserves of ¥1,063,125,000, ¥963,125,000 was reduced, leaving ¥100,000,000.」
The non-cash capital reduction planned in the previous quarter was carried out on 22 February 2022, reducing stated capital and capital reserves to ¥100 million each. - FY2022-Q3First statedAnnual report
「At a Board of Directors meeting held on 12 November 2021, the company resolved to submit a proposal for reducing the amounts of stated capital and capital reserves to an Extraordinary General Meeting of Shareholders to be held on 18 February 2022. Pursuant to Article 447, Paragraph 1 and Article 448, Paragraph 1 of the Companies Act, the company will reduce stated capital and capital reserves and transfer both amounts to other capital surplus. Of stated capital of ¥751,591,776, ¥651,591,776 will be reduced, leaving ¥100,000,000. Of capital reserves of ¥1,063,125,000, ¥963,125,000 will be reduced, leaving ¥100,000,000.」
In light of the business environment, business scale and financial strategy, the company has for the first time described a plan to reduce stated capital and capital reserves and transfer the amounts to other capital surplus, with the aim of securing flexibility in its capital policy and adapting to tax treatment suited to its business scale. Approval at an Extraordinary General Meeting of Shareholders and the effective date of 22 February 2022 were planned, with no impact on net assets or earnings.