Enhancing Capital Policy Flexibility and Financial Soundness Through a Reduction in Stated Capital
First written in FY2021-Q3. 1 of 2 entries say "Achieved", first in FY2021. Latest entry: FY2021.
118 other companies' latest entry also says "Achieved".
- FY2021AchievedAnnual report
「On 29 March 2021, stated capital will be ¥100 million following the reduction in stated capital.」
The Company carried out a reduction in stated capital on 29 March 2021, reducing stated capital by ¥5,672.621 million to ¥100 million. The reduction was transferred to other capital surplus. - FY2021-Q3First statedAnnual report
「The recent spread of COVID-19 has had a material impact on the Company’s financial position and operating results. In light of this situation, the Company will reduce its stated capital under Article 447, Paragraph 1 of the Companies Act in order to increase the flexibility and agility of its future capital policy and improve its financial soundness. Of stated capital of ¥5,772,621,800, ¥5,672,621,800 will be reduced, leaving ¥100,000,000. The entire reduction in stated capital will be transferred to other capital surplus. Effective date of the reduction in stated capital: 29 March 2021 (scheduled).」
In light of the impact of COVID-19 on its financial position and operating results, the Company decided to reduce stated capital by ¥5,672,621,800 to ¥100,000,000 and transfer the reduction to other capital surplus. The extraordinary general meeting of shareholders was scheduled for 26 March 2021, with the effective date scheduled for 29 March 2021.