Increasing Flexibility in Capital Policy Through Reductions in Stated Capital and Capital Reserves
First written in FY2018. 1 of 3 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2019-Q2.
118 other companies' latest entry also says "Achieved".
- FY2019-Q2AchievedAnnual report
「Based on a resolution of the Annual General Meeting of Shareholders held on 29 May 2018, the reduction of capital took effect on 3 July 2018, reducing stated capital by ¥559.447 million and capital reserves by ¥744.346 million.」
The reductions of stated capital by ¥559.447 million and capital reserves by ¥744.346 million took effect on 3 July 2018, completing the capital reduction. - FY2019-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 27 April 2018, the company resolved to submit the proposal entitled “Reduction of the Amounts of Stated Capital and Capital Reserves” to the 10th Annual General Meeting of Shareholders held on 29 May 2018. The proposal was approved at that meeting.」
Shareholder approval was obtained for the reduction of stated capital by ¥559.447 million and capital reserves by ¥744.346 million, and procedures are under way for the effective date of 3 July 2018. - FY2018First statedAnnual report
「For the purpose of ensuring flexibility and agility in capital policy, the company will reduce the amounts of its stated capital and capital reserves pursuant to the provisions of Article 447, Paragraph 1 and Article 448, Paragraph 1 of the Companies Act.」
The company states as a material subsequent event its plan to reduce stated capital by ¥559.447 million and capital reserves by ¥744.346 million and transfer the amounts to other capital surplus.