Reduction of Stated Capital to Secure Flexibility and Agility in Capital Policy
First written in FY2021. 2 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q2.
118 other companies' latest entry also says "Achieved".
- FY2022-Q2AchievedAnnual report
「At a meeting of the Board of Directors held on 25 August 2021, the company also resolved to reduce its stated capital and capital reserve, and the reduction became effective on 4 October 2021.」
The reduction of stated capital and capital reserve following the private placement became effective on 4 October 2021. The amount reduced was ¥1,650,042,100 for each item, and the full amount was transferred to other capital surplus. - FY2022-Q1AchievedAnnual report
「At the 32nd Annual General Meeting of Shareholders held on 21 June 2021, the company resolved to reduce its stated capital and capital reserve, and the reduction became effective on 30 July 2021.」
The reduction of capital undertaken to ensure flexibility and agility in the capital policy and maintain a sound financial position became effective on 30 July 2021. The reduction involved ¥2,234,300,000 of stated capital and ¥2,884,780,625 of capital reserve, with no changes to the total number of issued shares, net assets, the number of shares held by shareholders or net assets per share. - FY2021First statedAnnual report
「In light of the impact of the recent spread of COVID-19 on the company’s operating results and financial position, the company will reduce the amounts of its stated capital and capital reserve pursuant to the provisions of Article 447, Paragraph 1 and Article 448, Paragraph 1 of the Companies Act, in order to ensure flexibility and agility in future capital policies while maintaining a sound financial position.」
Following a resolution at the shareholders’ meeting held on 21 June 2021, the company indicated its policy of reducing ¥2,234,300,000 of its ¥2,334,300,000 stated capital and the full amount of its ¥2,884,780,625 capital reserve to ensure flexibility and agility in its capital policy.