Maintaining Flexibility in Capital Policy Through Reductions in Stated Capital and Capital Reserves
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q2. Latest entry: FY2022-Q2.
118 other companies' latest entry also says "Achieved".
- FY2022-Q2AchievedAnnual report
「The company reduced capital by ¥3,105 million from ¥3,205 million, leaving capital of ¥100 million, and reduced capital reserves by ¥850 million from ¥875 million, leaving capital reserves of ¥25 million. Without changing the total number of issued shares, the reductions in capital and capital reserves were transferred to other capital surplus.」
On 20 August 2021, the company reduced capital by ¥3,105 million and capital reserves by ¥850 million without changing the total number of issued shares, and transferred the reductions to other capital surplus. The capital policy described in the previous filing has been implemented. - FY2021First statedAnnual report
「To secure flexibility and agility in its capital policy, the company will reduce the amounts of capital and capital reserves and transfer the reductions to other capital surplus. Of the capital amount of ¥3,205,000,000, ¥3,105,000,000 will be reduced, leaving capital of ¥100,000,000. Of the capital reserves of ¥875,000,000, ¥850,000,000 will be reduced, leaving capital reserves of ¥25,000,000.」
At the annual general meeting of shareholders held on 29 June 2021 after the filing, a proposal to reduce capital and capital reserves and transfer the reductions to other capital surplus was approved, with 20 August 2021 set as the effective date.