Covering Deficits and Preparing for Flexible Capital Policies
First written in FY2017-Q1. 2 of 6 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2023-Q1.
127 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「On 30 June 2022, pursuant to Article 447, Paragraph 3 and Article 448, Paragraph 3 of the Companies Act, the company reduced its stated capital and capital reserve by ¥132.5 million each and transferred the amounts to other capital surplus.」
In connection with the issuance of Class A preferred shares through a third-party allotment, procedures to reduce stated capital and capital reserve by ¥132.5 million each and transfer the amounts to other capital surplus were implemented on 30 June 2022. Procedures aimed at offsetting the deficit and securing flexibility in capital policy have completed the implementation stage. - FY2022AdvancedAnnual report
「In order to promptly improve the soundness of its financial structure and prepare for a flexible and nimble capital policy going forward, the company reduced its stated capital and capital reserve concurrently with the third-party allotment and transferred the reductions to other capital surplus.」
A plan was formalized to reduce stated capital and capital reserve by ¥132.5 million each concurrently with the issuance of class shares through a third-party allotment, with the aim of improving the soundness of the financial structure and securing flexibility in capital policy. - FY2018-Q2AchievedAnnual report
「Pursuant to a resolution of the annual general meeting of shareholders held on 18 May 2017, the company reduced its stated capital and capital reserve and disposed of surplus. ・Amounts of stated capital and capital reserve to be reduced Stated capital ¥1,129.250 million Capital reserve ¥208.000 million」
The reduction of stated capital and capital reserve and the disposition of surplus were implemented pursuant to a resolution of the shareholders meeting, and the deficit was offset. Procedures to secure flexibility and agility in capital policy have been completed, although no resumption of dividends itself is stated. - FY2018-Q1AdvancedAnnual report
「The company reduced the amounts of its stated capital and capital reserve pursuant to Article 447, Paragraph 1 and Article 448, Paragraph 1 of the Companies Act, and then disposed of surplus pursuant to Article 452 of the same Act, in order to offset the existing deficit in retained earnings, promptly restore the soundness of its financial structure, secure flexibility and agility in its future capital policy, and establish the conditions for an early resumption of dividends.」
The reduction of stated capital and capital reserve and the disposition of surplus were approved at the annual general meeting of shareholders held on 18 May, and procedures aimed at offsetting the deficit and establishing the conditions for resuming dividends proceeded with 1 July as the effective date. - FY2017-Q2RestatedAnnual report
「This is intended to offset the deficit, promptly restore the soundness of the financial structure, and prepare for a flexible and nimble capital policy going forward.」
The purpose of the reduction of the capital reserve and retained earnings reserve and the disposition of surplus is reiterated in the notes. There were no new capital changes in the current quarter. - FY2017-Q1First statedAnnual report
「This is intended to offset the deficit, promptly restore the soundness of the financial structure, and prepare for a flexible and nimble capital policy going forward.」
The company explained the reduction of its capital reserve and retained earnings reserve and the disposition of surplus as measures to offset the deficit, restore the soundness of its financial structure, and prepare for its future capital policy.