The company plans to transfer ¥27,803,501,260 in stated capital and ¥27,803,501,260 in legal capital reserves to other capital surplus, and use ¥1,805,472,467 of this amount to offset the deficit in retained earnings carried forward. The total number of issued shares and the number of shares held by shareholders will not change.
Reduction of capital stock and capital reserve and disposition of surplus
The total number of issued shares will not decrease
No decrease
0% (the total number of issued shares will not decrease)
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
| Item | Details |
|---|---|
| Type of issuance or disposal | Reduction of capital stock and capital reserve and disposition of surplus |
| Number of shares to be issued or disposed of | The total number of issued shares will not decrease |
| Dilution Rate | 0% (the total number of issued shares will not decrease) |
| Total number of issued shares | No decrease |
| Procedures under the Corporate Code of Conduct | Approval for the reduction of stated capital and legal capital reserves is scheduled to be obtained at the extraordinary general meeting of shareholders |
| Impact on Business Performance | The total number of issued shares will not decrease, and the number of shares held by shareholders will not be affected |
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
To expand the distributable amount by transferring stated capital and legal capital reserves to other capital surplus, thereby facilitating future dividend payments on classes of shares and acquisitions of treasury shares and securing financial flexibility in its capital policy. In addition, to improve the financial position by transferring part of other capital surplus to retained earnings carried forward and offsetting the deficit.