Enhancing the Flexibility and Agility of Capital Policy through a Capital Reduction Without Compensation
First written in FY2022-Q1. 2 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q3.
118 other companies' latest entry also says "Achieved".
- FY2022-Q3AchievedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 19 July 2021, the reduction in stated capital took effect simultaneously with the issuance of new shares. As a result, during the third-quarter consolidated cumulative period, stated capital decreased by ¥7,510 million and capital surplus increased by ¥7,510 million.」
The company reduced stated capital by ¥7,510 million simultaneously with the public offering and transferred the same amount to capital surplus. The measure to improve the flexibility and agility of capital policy in conjunction with the capital increase was implemented. - FY2022-Q2Added a capital-reduction plan linked to the capital increaseAnnual report
「The aim is to maintain the current amounts of stated capital and other capital accounts even after the issuance of new shares, in order to improve the flexibility and agility of capital policy and other measures following this capital increase.」
In addition to the capital reduction without compensation already implemented, the company indicated that if it conducts a public offering or other capital increase, it plans to reduce stated capital and the capital reserve by amounts equal to the increases. - FY2022-Q1AchievedAnnual report
「The reduction in the amounts of stated capital and the capital reserve is intended to improve the flexibility and agility of future capital policy and other measures.」
Through the capital reduction without compensation that took effect on 27 May 2021, stated capital was reduced from ¥1,012 million to ¥50 million and the capital reserve from ¥1,224 million to ¥12 million, with the amounts transferred to other capital surplus.