Securing Flexibility in Financial Strategy Through a Reduction in Capital Reserve
First written in FY2017. 2 of 4 entries say "Achieved", first in FY2018-Q1. Latest entry: FY2023-Q2.
127 other companies' latest entry also says "Achieved".
- FY2023-Q2AchievedAnnual report
「Based on a resolution at the 34th annual general meeting of shareholders held on 24 June 2022, the Company reduced its capital and capital reserve and disposed of surplus as of the effective date, 31 August 2022.」
The reductions planned in the previous fiscal year, consisting of ¥1,161 million in capital and ¥493 million in capital reserve, the transfer to other capital surplus, and the covering of the ¥998 million deficit in retained earnings were completed on 31 August 2022. - FY2022AdvancedAnnual report
「For the purpose of securing flexibility and agility in the Company's future financial strategy, among other objectives, the Company will reduce its capital and capital reserve, transfer the reductions to other capital surplus, and dispose of surplus to cover the deficit in retained earnings.」
The shareholders' meeting approved a plan to reduce capital of ¥1,161,025,638 and capital reserve of ¥493,363,809, transfer the reductions to other capital surplus, and cover the deficit in retained earnings. The effective date was scheduled for 31 August 2022. - FY2018-Q1AchievedAnnual report
「Based on a resolution at the annual general meeting of shareholders held on 23 June 2017, the Company reduced its capital reserve and disposed of surplus as of that date.」
The Company reduced its capital reserve by ¥376,546,829 and transferred the amount to other capital surplus, and also disposed of surplus to cover the deficit in retained earnings of ¥786,658,631. - FY2017First statedAnnual report
「To secure flexibility and agility in the Company's future financial strategy, the Company will reduce its capital reserve pursuant to Article 448, Paragraph 1 of the Companies Act and transfer the same amount to other capital surplus. Of the capital reserve of ¥596,346,988 as of 31 March 2017, ¥376,546,829 will be reduced and the entire amount of the reduction will be transferred to other capital surplus.」
A resolution is described to transfer ¥376,546,829 of capital reserve to other capital surplus in order to secure flexibility and agility in the Company's financial strategy.