Ensuring flexibility and agility in capital policy through reductions in stated capital and capital reserve
First written in FY2022-Q3. 1 of 3 entries say "Achieved", first in FY2022. Latest entry: FY2023.
2 other companies' latest entry also says "Other".
- FY2023Allocation to cover accumulated lossesAnnual report
「Changes during the period Covering accumulated losses △794,697 794,697」
Of the capital surplus generated after the reduction in stated capital and capital reserves, ¥794,697 thousand was allocated to cover accumulated losses. - FY2022AchievedAnnual report
「31 January 2022 (Note) Change in stated capital △1,188,984 Balance of stated capital 50,000 Change in capital reserves △973,559 Balance of capital reserves ―」
To ensure flexibility and agility in capital policy, the company carried out a capital reduction without consideration on 31 January 2022, reducing stated capital to ¥50 million and capital reserves to ¥0. - FY2022-Q3First statedAnnual report
「To ensure flexibility and agility in future capital policy, the company will reduce the amounts of stated capital and capital reserves pursuant to Article 447, Paragraph 1 and Article 448, Paragraph 1 of the Companies Act. Of the ¥1,238,984,800 in stated capital, ¥1,188,984,800 will be reduced, leaving ¥50,000,000. The full amount of the ¥973,559,632 in capital reserves will be reduced, leaving capital reserves of ¥0.」
The company states that, following a resolution by the board of directors on 29 November 2021, it planned to reduce stated capital by ¥1,188,984,800 to ¥50 million and reduce the full ¥973,559,632 in capital reserves. The reduction amounts were to be transferred to other capital surplus, with the reduction scheduled to take effect on 31 January 2022.