Eliminating Accumulated Deficits through Reductions in Stated Capital and Capital Reserves
First written in FY2019-Q2. 12 of 18 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2024-Q3.
23 other companies' latest entry also says "Advanced".
- FY2024-Q3AdvancedAnnual report
「Net assets stood at ¥4,881 million, an increase of ¥90 million from the end of the previous fiscal year. The main factors were a ¥55 million increase in retained earnings due to the recognition of quarterly net income attributable to owners of the parent of ¥85 million, despite a ¥30 million decrease resulting from dividend payments, and a ¥25 million increase in valuation difference on available-for-sale securities due to a rise in the market prices of shares held.」
Despite dividend payments after the resumption of dividends, retained earnings increased by ¥55 million due to quarterly net income, and net assets increased by ¥90 million from the end of the previous fiscal year. - FY2024-Q2AdvancedAnnual report
「Net assets stood at ¥4,851 million, an increase of ¥61 million from the end of the previous fiscal year. The main factors were an ¥18 million increase in retained earnings due to the recognition of quarterly net income attributable to owners of the parent of ¥48 million, despite a ¥30 million decrease resulting from dividend payments, and a ¥28 million increase in valuation difference on available-for-sale securities due to a rise in the market prices of shares held.」
Despite dividend payments after the resumption of dividends, retained earnings increased by ¥18 million, and net assets increased by ¥61 million from the end of the previous fiscal year. - FY2023AchievedAnnual report
「Retained earnings △ 54,093 15,030」
After the reduction of capital and elimination of accumulated deficit, consolidated retained earnings changed from a negative ¥54 million in the previous fiscal year to a positive ¥15 million, eliminating the accumulated deficit. - FY2023-Q2AdvancedAnnual report
「Net assets stood at ¥4,656 million (¥4,646 million at the end of the previous fiscal year), an increase of ¥9 million, or 0.2%, from the end of the previous fiscal year. The main factors were a ¥2 million increase in retained earnings due to quarterly net income attributable to owners of the parent and an ¥8 million increase in the foreign currency translation adjustment account due to exchange-rate fluctuations.」
After the reduction of capital and elimination of accumulated deficit, retained earnings increased by ¥2 million, and net assets increased by ¥9 million from the end of the previous fiscal year. - FY2022AdvancedAnnual report
「The main factors were a ¥42 million increase in retained earnings due to net income attributable to owners of the parent and a ¥21 million decrease in deferred hedge gains and losses due to changes in the fair value of interest rate swaps.」
Retained earnings increased by ¥42 million due to net income attributable to owners of the parent, and consolidated net assets increased by ¥31 million from the end of the previous fiscal year. - FY2022-Q3AdvancedAnnual report
「Net assets stood at ¥4,665 million, compared with ¥4,615 million at the end of the previous fiscal year, an increase of ¥50 million, or 1.1%. The main factors were a ¥32 million increase in retained earnings due to quarterly net income attributable to owners of the parent and a ¥16 million increase in deferred hedge gains and losses due to changes in the fair value difference of interest rate swaps.」
Net assets increased by ¥50 million from the end of the previous fiscal year, mainly due to an increase in retained earnings from quarterly net income. - FY2022-Q2AdvancedAnnual report
「Net assets stood at ¥4,645 million, compared with ¥4,615 million at the end of the previous fiscal year, an increase of ¥30 million, or 0.7%. The main factors were a ¥4 million increase in retained earnings due to quarterly net income attributable to owners of the parent, a ¥7 million increase in valuation difference on other securities due to higher market values of held shares, and an ¥11 million increase in deferred hedge gains and losses due to an increase in the fair value difference of interest rate swaps.」
Retained earnings increased due in part to quarterly net income of ¥4 million, and net assets increased by ¥30 million from the end of the previous fiscal year. - FY2022-Q1Decrease in net assets due to quarterly lossAnnual report
「Net assets stood at ¥4,590 million, compared with ¥4,615 million at the end of the previous fiscal year, a decrease of ¥24 million, or 0.5%. The main factor was a ¥30 million decrease in retained earnings due to the quarterly net loss attributable to owners of the parent.」
The ¥30 million quarterly net loss reduced retained earnings, and net assets decreased by ¥24 million from the end of the previous fiscal year. - FY2021AdvancedAnnual report
「Net assets stood at ¥4,615 million, compared with ¥4,419 million at the end of the previous fiscal year, an increase of ¥196 million. The main factors were a ¥97 million increase in retained earnings due to net income attributable to owners of the parent, a ¥36 million increase in valuation difference on other securities due to higher share prices, and a ¥54 million increase in deferred hedge gains and losses due to changes in the fair value of interest rate swaps.」
Retained earnings increased by ¥97 million due to net income attributable to owners of the parent even after the capital reduction and deficit appropriation, and net assets increased by ¥196 million from the end of the previous fiscal year. - FY2021-Q3Deficit continues to widen due to quarterly lossesAnnual report
「Net assets stood at ¥4,430 million, compared with ¥4,419 million at the end of the previous fiscal year, an increase of ¥11 million, or 0.3%. The main factors were a ¥47 million decrease in retained earnings due to the quarterly net loss attributable to owners of the parent, an ¥18 million increase in valuation difference on other securities due to higher share prices, and a ¥35 million increase in deferred hedge gains and losses due to changes in the fair value difference of interest rate swaps.」
The ¥47 million quarterly net loss reduced retained earnings, causing the deficit after the capital reduction and deficit appropriation to widen. However, total net assets increased by ¥11 million due to increases in valuation differences and other items. - FY2021-Q2Deficit continues to widen due to quarterly lossesAnnual report
「Net assets stood at ¥4,401 million, compared with ¥4,419 million at the end of the previous fiscal year, a decrease of ¥18 million, or 0.4%. The main factors were a ¥53 million decrease in retained earnings due to the quarterly net loss attributable to owners of the parent, a ¥13 million increase in valuation difference on other securities due to higher market values of held shares, and a ¥19 million increase in deferred hedge gains and losses due to an increase in the fair value difference of interest rate swaps.」
The ¥53 million quarterly net loss reduced retained earnings, and net assets decreased by ¥18 million from the end of the previous fiscal year. The deficit after the capital reduction and deficit appropriation began to widen again. - FY2021-Q1Deficit continues to widen due to quarterly lossAnnual report
「Net assets stood at ¥4,386 million, compared with ¥4,419 million at the end of the previous fiscal year, a decrease of ¥33 million, or 0.7%. The main factor was a ¥56 million decrease in retained earnings due to the quarterly net loss attributable to owners of the parent.」
The ¥56 million quarterly net loss reduced retained earnings, causing the deficit in retained earnings after the capital reduction and deficit appropriation to widen. - FY2020AdvancedAnnual report
「Net assets at the end of the current fiscal year stood at ¥4,419 million, compared with ¥4,308 million at the end of the previous fiscal year, an increase of ¥110 million. The main factors were a ¥75 million increase in retained earnings, a ¥31 million decrease in valuation difference on other securities, and a ¥59 million increase in deferred hedge gains and losses.」
After the capital reduction and deficit appropriation, the deficit in retained earnings narrowed from ¥270 million at the end of the previous fiscal year to ¥194 million, while net assets increased by ¥110 million. - FY2020-Q3AdvancedAnnual report
「Net assets stood at ¥4,541 million, compared with ¥4,308 million at the end of the previous fiscal year, an increase of ¥233 million, or 5.4%. The main factors were increases of ¥183 million in retained earnings and ¥48 million in deferred hedge gains and losses.」
Net assets increased by ¥233 million from the end of the previous fiscal year as retained earnings increased, advancing the improvement in the financial base following the capital reduction and deficit appropriation. - FY2020-Q2AdvancedAnnual report
「Net assets stood at ¥4,462 million, compared with ¥4,308 million at the end of the previous fiscal year, an increase of ¥154 million, or 3.6%. The main factor was a ¥148 million increase in retained earnings.」
An increase in retained earnings following the capital reduction and deficit appropriation increased net assets by ¥154 million from the end of the previous fiscal year. - FY2019AdvancedAnnual report
「Retained earnings: △270,247」
As a result of the capital reduction and deficit appropriation, the deficit in retained earnings narrowed substantially from △¥2,554,346 thousand at the end of the previous fiscal year to △¥270,247 thousand. - FY2019-Q3AdvancedAnnual report
「On the consolidated balance sheet, the deficit in retained earnings as of the end of December 2018 improved substantially to ¥443 million, down ¥2,110 million from the end of the previous fiscal year, following the reduction of share capital to ¥100 million.」
The effect of offsetting the deficit in retained earnings brought forward through the capital reduction progressed, reducing the deficit by ¥2,110 million from the end of the previous fiscal year to ¥443 million. - FY2019-Q2First statedAnnual report
「Based on a resolution of the annual general meeting of shareholders held on 27 June 2018, the company made a deficit appropriation against retained earnings brought forward as of 31 August 2018. As a result, share capital and capital surplus each decreased by ¥1,400,000 thousand and ¥503,375 thousand, respectively, while retained earnings increased by ¥1,903,375 thousand. This had no effect on total shareholders' equity.」
Based on a resolution of the annual general meeting of shareholders, the company reduced share capital and the capital reserve to offset the deficit in retained earnings brought forward. The capital reduction improved tax expense and resulted in the additional recognition of deferred tax assets.