Strengthening financial health through capital reductions and deficit elimination
First written in FY2016. 1 of 3 entries say "Achieved", first in FY2017-Q1. Latest entry: FY2017.
8 other companies' latest entry also says "Cited as achieved".
- FY2017Cited as achievedAnnual report
「The reduction in stated capital for the 89th fiscal year resulted from a reduction of capital.」
The strengthening of the financial position through a capital reduction and deficit offsetting was reflected in the financial statements as a reduction in stated capital for the fiscal year. - FY2017-Q1AchievedAnnual report
「At the 88th Annual General Meeting of Shareholders held on 29 June 2016, the company approved reductions in its stated capital, capital reserve and retained earnings reserve, as well as the disposition of surplus. The measures took effect on 3 August 2016. This will eliminate the entire accumulated deficit in retained earnings of ¥1,273.897 million as of 31 March 2016.」
The reductions in capital and reserves and the disposition of surplus took effect on 3 August 2016, completing the procedures to eliminate the entire accumulated deficit in retained earnings. - FY2016First statedAnnual report
「The company implemented this measure to offset its accumulated deficit in retained earnings, strengthen its financial position, maintain flexible and efficient management going forward, and achieve an early resumption of dividend payments. As a result, the entire accumulated deficit in retained earnings of ¥1,273.897 million as of 31 March 2016 will be eliminated.」
The company described the planned reductions in capital and reserves and the disposition of surplus after the filing, with the aim of eliminating the entire ¥1,273.897 million deficit and resuming dividend payments at an early date.