Capital Reduction and Disposition of Surplus to Offset Deficits and Ensure Capital Policy Flexibility
First written in FY2023-Q2. 1 of 2 entries say "Achieved", first in FY2023-Q3. Latest entry: FY2023-Q3.
125 other companies' latest entry also says "Achieved".
- FY2023-Q3AchievedAnnual report
「Based on a resolution at the extraordinary general meeting of shareholders held on 22 February 2023, the capital reduction became effective on 28 February 2023. Capital was reduced from ¥341.136 million by ¥241.136 million to ¥100 million, with the entire amount of the reduction transferred to other capital surplus. Of the ¥241.136 million in other capital surplus arising from the capital reduction, ¥174.237 million was transferred to retained earnings brought forward and used to eliminate the deficit.」
The planned capital reduction became effective on 28 February 2023. Capital was reduced from ¥341.136 million to ¥100 million, and ¥174.237 million of other capital surplus was transferred to retained earnings brought forward to eliminate the deficit. - FY2023-Q2First statedAnnual report
「The company will reduce the amount of capital and appropriate surplus to eliminate the deficit in retained earnings, improve its financial position through the application of appropriate tax treatment, and secure flexibility and agility in its future capital policy. Capital will be reduced from ¥341,136,000 by ¥241,136,000 to ¥100,000,000. The entire amount of the capital reduction will be transferred to other capital surplus. Subject to the capital reduction becoming effective, ¥174,237,628 of the ¥241,136,000 in other capital surplus arising from the reduction will be transferred to retained earnings brought forward and used to eliminate the deficit.」
The company first described a plan, approved by the Board of Directors on 24 October 2022, to reduce capital from ¥341,136,000 to ¥100,000,000 and transfer ¥174,237,628 of other capital surplus to retained earnings brought forward to eliminate the deficit. The plan was subject to approval at an extraordinary general meeting of shareholders and other conditions, and the effective date was scheduled for 28 February 2023.