Covering Accumulated Deficits Through a Reduction in Capital Reserve
First written in FY2021-Q1. 7 of 11 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2026-H1.
24 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「At the annual general meeting of shareholders held on 25 September 2025, a proposal concerning the appropriation of surplus was approved. Accordingly, pursuant to Article 452 of the Companies Act, as of 25 September 2025, we reduced other capital surplus by ¥782 million and offset the deficit by transferring the same amount to retained earnings brought forward.」
Other capital surplus of ¥782 million was transferred to retained earnings brought forward to offset the deficit. - FY2025-H1AdvancedAnnual report
「At the annual general meeting of shareholders held on 27 September 2024, a proposal concerning the appropriation of surplus was approved. Accordingly, pursuant to Article 452 of the Companies Act, as of 30 September 2024, we reduced other capital surplus by ¥656 million and offset the deficit by transferring the same amount to retained earnings brought forward.」
Other capital surplus of ¥656 million was transferred to retained earnings brought forward to offset the deficit. - FY2024AchievedAnnual report
「At the extraordinary general meeting of shareholders held on 27 June 2024, proposals concerning reductions in the amounts of capital and the capital reserve were approved. Accordingly, as of 30 June 2024, we reduced capital by ¥340 million, representing a 97.1% reduction, and the capital reserve by ¥340 million, representing a 100% reduction, and transferred the same amounts to other capital surplus.」
The reductions of ¥340 million in capital and ¥340 million in the capital reserve and the transfers to other capital surplus were implemented, completing the capital policy procedures. - FY2024-Q1AdvancedAnnual report
「At the annual general meeting of shareholders held on 28 September 2023, a proposal concerning the appropriation of surplus was approved. Accordingly, pursuant to Article 452 of the Companies Act, as of 29 September 2023, we reduced other capital surplus by ¥720 million and offset the deficit by transferring the same amount to retained earnings brought forward.」
Other capital surplus of ¥720 million was transferred to retained earnings brought forward to offset the deficit. - FY2023AchievedAnnual report
「At the extraordinary general meeting of shareholders held on 29 June 2023, proposals concerning reductions in the amounts of capital and the capital reserve were approved. Accordingly, as of 30 June 2023, we reduced capital by ¥468 million, representing a 97.9% reduction, and the capital reserve by ¥178 million, representing a 100% reduction, and transferred the same amounts to other capital surplus.」
The procedures to reduce capital by ¥468 million and the capital reserve by ¥178 million and transfer the amounts to other capital surplus were completed. - FY2023-Q1AdvancedAnnual report
「At the annual general meeting of shareholders held on 29 September 2022, a proposal concerning the appropriation of surplus was approved. Accordingly, pursuant to Article 452 of the Companies Act, as of 29 September 2022, we reduced other capital surplus by ¥454 million and offset the deficit by transferring the same amount to retained earnings brought forward.」
Other capital surplus of ¥454 million was transferred to retained earnings brought forward to offset the deficit. - FY2022AchievedAnnual report
「At the extraordinary general meeting of shareholders held on 29 June 2022, a proposal concerning a reduction in the amount of capital was approved. Accordingly, as of 29 June 2022, we reduced capital by ¥502 million and transferred the entire reduction to other capital surplus.」
The planned ¥502 million reduction in capital was implemented following shareholder approval, completing the capital policy procedure. - FY2022-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 21 April 2022, the company resolved to submit a proposal concerning a reduction in the amount of capital to the extraordinary general meeting of shareholders scheduled for 29 June 2022. Of the ¥552,513,065 in capital, ¥502,513,065 will be reduced, leaving ¥50,000,000.」
To secure flexibility and agility in its capital policy, the company resolved to reduce capital by approximately ¥502.5 million, leaving ¥50 million. The effective date was scheduled for 30 June 2022. - FY2022-Q1AdvancedAnnual report
「At the annual general meeting of shareholders held on 29 September 2021, a proposal concerning the appropriation of surplus was approved. Accordingly, pursuant to Article 452 of the Companies Act, as of 29 September 2021, we reduced other capital surplus by ¥2,732 million and offset the deficit by transferring the amount to retained earnings brought forward.」
Other capital surplus of ¥2,732 million was reduced and transferred to retained earnings brought forward to offset the deficit. - FY2021-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 16 April 2021, the company resolved to submit proposals concerning a reduction in the amount of capital and the appropriation of surplus to the extraordinary general meeting of shareholders scheduled for 29 June 2021.」
Following the previous deficit offset through a reduction in the capital reserve, the company resolved to reduce capital from ¥2,912,149,872 to ¥50,000,000 by reducing it by ¥2,862,149,872, with the aim of securing flexibility and agility in its capital policy, and to apply the reduction to offset the deficit. - FY2021-Q1First statedAnnual report
「At the annual general meeting of shareholders held on 30 September 2020, a proposal concerning a reduction in the amount of the capital reserve was approved. Accordingly, as of 30 September 2020, we reduced the capital reserve by ¥2,438 million and transferred the same amount to other capital surplus. In addition, pursuant to Article 452 of the Companies Act, we applied the ¥2,438 million of other capital surplus to offset the deficit by transferring it to retained earnings brought forward.」
Following approval at the annual general meeting of shareholders, the ¥2,438 million capital reserve was reduced and used, via other capital surplus, to offset the deficit in retained earnings brought forward.