Securing Flexibility in Capital Policy Through a Reduction in Capital Reserves
First written in FY2024-Q1. 1 of 2 entries say "Achieved", first in FY2024-Q2. Latest entry: FY2024-Q2.
118 other companies' latest entry also says "Achieved".
- FY2024-Q2AchievedAnnual report
「At the 35th Annual General Meeting of Shareholders held on 29 June 2023, the reduction of the capital reserve and transfer to other capital surplus were approved. As of 31 August 2023, the entire capital reserve of ¥2,689,432,447 was reduced, and the full amount of the reduction was transferred to other capital surplus.」
The reduction and transfer of the entire capital reserve of ¥2,689,432,447, carried out to ensure flexibility in capital policy, was completed as of 31 August 2023. - FY2024-Q1First statedAnnual report
「To ensure flexibility in the company's future capital policy, the amount of the capital reserve will be reduced pursuant to Article 448, Paragraph 1 of the Companies Act, and transferred to other capital surplus. The entire capital reserve of ¥2,689,432,447 will be reduced, and the full amount of the reduction will be transferred to other capital surplus.」
To ensure flexibility in the company's future capital policy, procedures have begun to transfer the entire capital reserve of ¥2,689,432,447 to other capital surplus. The effective date is scheduled for 31 August 2023.