Ensuring Flexibility and Agility in Capital Policy Through Reductions in Stated Capital and Capital Reserves
First written in FY2022-Q2. 1 of 3 entries say "Achieved", first in FY2022-Q3. Latest entry: FY2022.
13 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The company resolved on a capital reduction without compensation, reducing stated capital and capital reserves to ¥100 million each, and the reduction took effect in the same month.」
The capital reduction without compensation was completed, reducing stated capital and capital reserves to ¥100 million each as a measure to ensure flexibility and agility in capital policy. - FY2022-Q3AchievedAnnual report
「At the extraordinary general meeting of shareholders held in October, the company resolved on a capital reduction without compensation, reducing stated capital and capital reserves to ¥100 million each, for the purpose of ensuring flexibility and agility in future capital policy and maintaining financial soundness. The reduction took effect in the same month.」
The capital reduction without compensation planned for FY2022-Q2 was approved at the extraordinary general meeting of shareholders in October and took effect in the same month. Stated capital and capital reserves were reduced to ¥100 million each. - FY2022-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 12 August 2021, the company resolved to submit a proposal concerning reductions in stated capital and capital reserves to an extraordinary general meeting of shareholders scheduled for 27 October 2021. For the purpose of ensuring flexibility and agility in future capital policy and maintaining financial soundness, the company will reduce stated capital and capital reserves pursuant to Article 447, Paragraph 1 and Article 448, Paragraph 1 of the Companies Act. Of stated capital of ¥1,132.561 million, ¥1,032.561 million will be reduced, leaving ¥100 million. Of capital reserves of ¥694.596 million, ¥594.596 million will be reduced, leaving ¥100 million. The combined amount of the reductions in stated capital of ¥1,032.561 million and capital reserves of ¥594.596 million, totaling ¥1,627.158 million, will be transferred in full to other capital surplus.」
The company resolved to reduce stated capital from ¥1,132.561 million to ¥100 million and capital reserves from ¥694.596 million to ¥100 million, and transfer the total reduction of ¥1,627.158 million to other capital surplus, with the aim of ensuring flexibility and agility in capital policy and maintaining financial soundness. The resolution at the extraordinary general meeting of shareholders was scheduled for 27 October 2021, with the reductions taking effect on 28 October 2021.