Deficit Coverage Through Reduction of Stated Capital and Capital Reserves
First written in FY2020. 1 of 2 entries say "Achieved", first in FY2021-Q1. Latest entry: FY2021-Q1.
130 other companies' latest entry also says "Achieved".
- FY2021-Q1AchievedAnnual report
「At the 61st Annual General Meeting of Shareholders held on 23 June 2020, the reduction of stated capital and capital reserves and the disposition of surplus were approved. Effective 30 June of the same year, stated capital and capital reserves were each reduced by ¥815 million and transferred to other capital surplus, after which ¥1,529.052 million of other capital surplus was reduced and transferred to retained earnings brought forward to eliminate the accumulated deficit.」
The reduction of stated capital and capital reserves by ¥815 million each and the elimination of the accumulated deficit using ¥1,529.052 million of other capital surplus were implemented on 30 June 2020. - FY2020First statedAnnual report
「The purpose is to correct the capital structure and prepare for important capital policies to promote flexible and efficient management going forward. Of the ¥915 million each in stated capital and capital reserves, ¥815 million will be reduced and transferred to other capital surplus. Of other capital surplus, ¥1,529.052 million will be reduced and transferred to retained earnings brought forward to eliminate the accumulated deficit.」
The company disclosed a capital policy under which, with 30 June 2020 as the effective date, ¥815 million each of stated capital and capital reserves would be reduced, and ¥1,529.052 million of other capital surplus would be used to eliminate the accumulated deficit.