Ensuring Flexibility and Agility in Capital Policy Through a Reduction in Stated Capital
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
38 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「At the Company's 12th Annual General Meeting of Shareholders held on 21 December 2021, the Company passed a resolution on the reduction of capital, which became effective on 1 February 2022.」
A non-compensated reduction in capital intended to secure flexibility and agility in capital policy became effective on 1 February 2022. Capital was reduced by ¥372,905 thousand from ¥426,999 thousand, leaving capital of ¥54,094 thousand. - FY2021First statedAnnual report
「This is being carried out as part of the financial strategy to realize the Company's growth strategy, with the aim of securing flexibility and agility in its future capital policy. Based on Article 447, paragraph 1 of the Companies Act, the Company will reduce its capital without changing the total number of issued shares, through a non-compensated reduction in capital without any refund, transferring the entire amount of the reduction to other capital surplus.」
Following approval at the shareholders' meeting held on 21 December 2021, the Company plans a non-compensated reduction in capital effective 1 February 2022, reducing capital of ¥419,905 thousand by ¥372,905 thousand to ¥47,000 thousand.