Flexible Capital Policy Through a Capital Reduction and Disposition of Surplus
First written in FY2022-Q2. 3 of 6 entries say "Achieved", first in FY2022-Q3. Latest entry: FY2026-H1.
127 other companies' latest entry also says "Achieved".
- FY2026-H1AchievedAnnual report
「As of 24 May 2025, pursuant to Article 448, Paragraph 1 of the Companies Act, capital reserves of ¥515.345 million were reduced and transferred to other capital surplus. Pursuant to Article 452 of the Companies Act, the resulting other capital surplus of ¥515.345 million was transferred to retained earnings brought forward to cover the deficit.」
The reduction of capital reserves and transfer of retained earnings proposed in the previous fiscal year were implemented, and ¥515.345 million was used to cover the deficit. - FY2025AdvancedAnnual report
「At a meeting of the board of directors held on 30 April 2025, the company resolved to submit a proposal concerning the reduction of capital reserves and disposition of retained earnings to the 36th annual general meeting of shareholders to be held on 23 May 2025.」
The company presented a plan to transfer ¥515,345,089 of capital reserves to other capital surplus and transfer the same amount to retained earnings brought forward to cover the deficit. - FY2025-Q1AchievedAnnual report
「At the 35th annual general meeting of shareholders held on 24 May 2024, a resolution was passed concerning the reduction of capital reserves and disposition of retained earnings. Accordingly, during the cumulative first quarter of the current consolidated fiscal year, capital reserves were reduced by ¥254 million and transferred to other capital surplus pursuant to Article 448, Paragraph 1 of the Companies Act. The resulting other capital surplus of ¥465 million was transferred to retained earnings brought forward pursuant to Article 452 of the Companies Act.」
Capital reserves were reduced by ¥254 million and ¥465 million of other capital surplus was transferred to retained earnings brought forward, implementing the capital policy to cover the deficit. - FY2024AdvancedAnnual report
「The proposal was approved at the 35th annual general meeting of shareholders held on 24 May 2024.」
The capital policy of reducing capital reserves by ¥254.01479 million and transferring the amount, together with other capital surplus, to retained earnings brought forward of ¥465.1634 million to fully eliminate the accumulated deficit was approved at the general meeting of shareholders. The effective date was 25 May 2024. - FY2022-Q3AchievedAnnual report
「Following approval at an extraordinary general meeting of shareholders held on 14 October 2021, the company reduced stated capital by ¥738.148 million and transferred the amount to other capital surplus. The ¥738.148 million of other capital surplus after the transfer was then transferred to retained earnings brought forward and used to cover the deficit.」
The reduction in stated capital and disposition of retained earnings planned in the previous quarter were implemented following approval at an extraordinary general meeting of shareholders. Stated capital was reduced by ¥738.148 million, and the same amount was used to cover the deficit. - FY2022-Q2First statedAnnual report
「At a meeting of the board of directors held on 8 September 2021, the company resolved to submit a proposal concerning a reduction in stated capital and disposition of retained earnings to an extraordinary general meeting of shareholders to be held on 14 October 2021. To prepare for agile and flexible capital policies going forward, the company will reduce stated capital and dispose of retained earnings pursuant to Article 447, Paragraph 1 of the Companies Act. (1) Amount of stated capital to be reduced Of stated capital of ¥788,148,100, ¥738,148,100 will be reduced, leaving ¥50,000,000. (2) Item and amount of retained earnings to be reduced Other capital surplus: ¥738,148,100 (3) Item and amount of retained earnings to be increased Retained earnings brought forward: ¥738,148,100 Scheduled effective date of the reduction in stated capital: 15 October 2021」
To prepare for agile and flexible capital policies, the company disclosed for the first time a plan to reduce stated capital of ¥788.1481 billion by ¥738.1481 billion and transfer the amount from other capital surplus to retained earnings brought forward to cover the deficit. The reduction in stated capital was scheduled to take effect on 15 October 2021.