Flexible Capital Policy and Maintenance of Financial Soundness Through a Reduction in Capital
First written in FY2022-Q2. 1 of 2 entries say "Achieved", first in FY2022-Q3. Latest entry: FY2022-Q3.
118 other companies' latest entry also says "Achieved".
- FY2022-Q3AchievedAnnual report
「At an extraordinary general meeting of shareholders held on 15 December 2021, the company approved a reduction in stated capital, which became effective on 20 December 2021. Of the ¥342,587,450 in stated capital, ¥312,587,450 was reduced, leaving ¥30,000,000.」
The reduction in stated capital, transferring ¥312,587,450 of the ¥342,587,450 in stated capital to other capital surplus and reducing stated capital to ¥30,000,000, became effective on 20 December 2021. - FY2022-Q2First statedAnnual report
「This reduction is being carried out as part of our financial strategy to achieve sustainable growth and enhance corporate value over the medium to long term. Its objectives are to implement a flexible capital policy and maintain financial soundness through the application of an appropriate tax regime. Pursuant to Article 447, paragraph 1 of the Companies Act, we will reduce stated capital from ¥342,587,450 by ¥312,587,450 to ¥30,000,000. The effective date of the capital reduction is scheduled for 20 December 2021.」
The company plans to transfer ¥312,587,450 of its ¥342,587,450 in stated capital to other capital surplus, reducing stated capital to ¥30,000,000. The objectives are sustainable growth, enhancement of corporate value over the medium to long term, a flexible capital policy, application of an appropriate tax regime and maintenance of financial soundness.