Flexible Capital Policy Through Capital Reduction and Maintaining Financial Soundness
First written in FY2021-Q3. 1 of 2 entries say "Achieved", first in FY2021. Latest entry: FY2021.
118 other companies' latest entry also says "Achieved".
- FY2021AchievedAnnual report
「15 July 2021 (Note 4) － 5,709,300 △434,556 100,000 － 514,556」
On 15 July 2021, the Company implemented a reduction in capital of ¥434,556 thousand, reducing stated capital from ¥534,556 thousand to ¥100,000 thousand. The total number of issued shares did not change. - FY2021-Q3First statedAnnual report
「This reduction in capital is being carried out as part of the Company's financial strategy to achieve sustainable growth and enhance corporate value over the medium to long term. Based on Article 447, Paragraph 1 of the Companies Act, the Company will reduce its stated capital to implement a flexible capital policy and maintain the soundness of its financial position through the application of an appropriate tax regime. The reduction in stated capital is an accounting transfer between line items within net assets and will not change the Company's total net assets. In addition, as the total number of issued shares will not change, there will be no effect on the number of shares held by shareholders or net assets per share. Of the stated capital of ¥534,556,059, ¥434,556,059 will be reduced, leaving ¥100,000,000.」
At a meeting of the Board of Directors held on 14 May 2021, the Company resolved to reduce stated capital from ¥534,556,059 by ¥434,556,059 to ¥100,000,000, and transfer the reduction amount to other capital surplus. Approval at an extraordinary general meeting of shareholders on 14 July 2021 and the effective date of 15 July 2021 were scheduled. The Company stated that total net assets, the total number of issued shares, the number of shares held by shareholders and net assets per share would not change.