Flexible Capital Policy and Securing Funds for Dividends Through Reductions in Capital Stock and Capital Reserve
First written in FY2021. 5 of 8 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2025-Q1.
118 other companies' latest entry also says "Achieved".
- FY2025-Q1AchievedAnnual report
「At the Annual General Meeting of Shareholders held on 30 May 2024, a reduction in stated capital and capital reserves was approved to prepare for flexible and agile capital policies going forward, reduce the tax burden and secure funds for dividends. The Company transferred ¥106.529 million of stated capital, representing a reduction ratio of 81.6%, and ¥106.529 million of capital reserves, representing a reduction ratio of 86.6%, to other capital surplus.」
A capital policy was implemented on 30 May 2024 to reduce stated capital and capital reserves by ¥106.529 million each and transfer the amounts to other capital surplus. - FY2024-Q1AchievedAnnual report
「In addition, pursuant to resolutions adopted at the 22nd Annual General Meeting of Shareholders held on 30 May 2023, the Company reduced its stated capital and capital reserves by ¥80.878 million as of 30 May 2023 under Articles 447(1) and 448(1) of the Companies Act and transferred the same amount to other capital surplus. It also reduced other capital surplus by ¥816.310 million and transferred the same amount to retained earnings carried forward under Articles 452 and 459 of the Companies Act, applying the amounts to cover the deficit.」
On 30 May 2023, the Company reduced stated capital and capital reserves by ¥80.878 million each and transferred the amounts to other capital surplus, then used ¥816.310 million of other capital surplus to cover the deficit. - FY2023AchievedAnnual report
「At the extraordinary general meeting of shareholders held on 24 February 2023, a reduction in capital and additional paid-in capital was approved, and ¥428.155 million of capital and ¥388.155 million of additional paid-in capital were transferred to other capital surplus.」
The planned reduction in capital by ¥428.155 million and additional paid-in capital by ¥388.155 million and transfer to other capital surplus were completed on 24 February 2023. - FY2023-Q3AdvancedAnnual report
「At a meeting of the board of directors held on 13 January 2023, the company resolved to submit a proposal to reduce capital and additional paid-in capital, referred to below as the “reduction in capital and additional paid-in capital,” to the agenda of the extraordinary general meeting of shareholders scheduled for 24 February 2023.」
The company resolved to reduce capital by ¥428,155,020 and additional paid-in capital by ¥388,155,020 and transfer the amounts to other capital surplus to enable flexible and agile capital policies, reduce its tax burden and secure a source of dividends. The planned effective date was 24 February 2023. - FY2022AchievedAnnual report
「At the extraordinary general meeting of shareholders held on 24 February 2022, a reduction in capital and additional paid-in capital was approved, and ¥500 million of capital and ¥500 million of additional paid-in capital were transferred to other capital surplus.」
The planned reduction in capital and additional paid-in capital after the issuance of Class B preferred shares and transfer to other capital surplus in the third quarter was completed by 28 February 2022. - FY2022-Q3AdvancedAnnual report
「At a meeting of the board of directors held on 11 January 2022, the company resolved to submit a proposal to reduce capital and additional paid-in capital, referred to below as the “reduction in capital and additional paid-in capital,” to the agenda of the extraordinary general meeting of shareholders scheduled for 2022. The recent spread of COVID-19 has had a material impact on the company’s financial position and operating results, and the timing of its resolution remains difficult to predict, so a certain period is expected to be required for business performance to recover and improve. In light of this uncertain outlook, the company decided to reduce capital and additional paid-in capital to prepare for flexible and agile capital policies going forward, reduce its tax burden and secure a source of dividends.」
Following the reduction in capital and additional paid-in capital after the issuance of Class A preferred shares, the company resolved to reduce capital by ¥500 million and additional paid-in capital by ¥500 million after the issuance of Class B preferred shares and transfer the amounts to other capital surplus. The effective date was 28 February 2022. - FY2022-Q1AchievedAnnual report
「In addition, based on a resolution at the general meeting of shareholders held on 27 May 2021, the company transferred ¥1,711 million from capital to capital surplus, effective 31 May 2021, reducing capital by ¥1,711 million and increasing capital surplus by the same amount.」
The planned reduction in capital and additional paid-in capital and transfer to other capital surplus in the previous filing became effective on 31 May 2021. - FY2021First statedAnnual report
「The company decided to reduce its capital and additional paid-in capital to prepare for flexible and agile capital policies going forward, reduce its tax burden and secure a source of dividends. / Amount of capital to be reduced: capital of ¥1,761,840,490 after the issuance of Class A preferred shares, reduced by ¥1,711,840,490. / Amount of additional paid-in capital to be reduced: additional paid-in capital of ¥1,691,840,490 after the issuance of Class A preferred shares, reduced by ¥1,691,840,490. / Effective date of the reduction in capital and additional paid-in capital: 31 May 2021」
After issuing the Class A preferred shares, the company planned to transfer capital and additional paid-in capital to other capital surplus to enable flexible capital policies, reduce its tax burden and secure a source of dividends.