Offsetting Accumulated Deficits Through Reductions in Capital Reserves and Other Reserves
First written in FY2023-Q1. 1 of 3 entries say "Advanced", first in FY2024-Q1. Latest entry: FY2024-Q2.
127 other companies' latest entry also says "Achieved".
- FY2024-Q2AchievedAnnual report
「Pursuant to a resolution at the annual general meeting of shareholders held on 21 December 2023, effective 26 February 2024, the company reduced stated capital by ¥718.666 million and capital reserves by ¥407.331 million and transferred the amounts to other capital surplus under Article 447, Paragraph 1 and Article 448, Paragraph 1 of the Companies Act. It also reduced other capital surplus by ¥1,125.997 million and transferred the same amount to retained earnings brought forward under Article 452 of the Companies Act, thereby eliminating the deficit.」
The company reduced stated capital and capital reserves, transferred the amounts to other capital surplus, and eliminated the deficit by transferring ¥1,125.997 million to retained earnings brought forward, effective 26 February 2024. - FY2024-Q1AdvancedAnnual report
「Amount of stated capital ¥718,666,607; amount of capital reserves ¥407,331,300」
The shareholders approved a plan to reduce stated capital of ¥718,666,607 and capital reserves of ¥407,331,300, transfer the amounts to other capital surplus and apply them to eliminate the deficit. The effective date was set as 26 February 2024. - FY2023-Q1First statedAnnual report
「Pursuant to a resolution at the annual general meeting of shareholders held on 21 December 2022, effective 23 December 2022, the company reduced capital reserves by ¥832.389 million and transferred the amount to other capital surplus under Article 448, Paragraph 1 of the Companies Act. It also reduced other capital surplus by ¥950 million and transferred the same amount to retained earnings brought forward under Article 452 of the Companies Act, thereby eliminating the deficit.」
The company transferred ¥832.389 million from capital reserves and ¥950 million from other capital surplus to retained earnings brought forward to eliminate the deficit.