Eliminating Accumulated Deficits through Reductions in Stated Capital and Capital Reserves
First written in FY2020. 3 of 4 entries say "Achieved", first in FY2021-Q2. Latest entry: FY2023-Q2.
127 other companies' latest entry also says "Achieved".
- FY2023-Q2AchievedAnnual report
「At the annual general meeting of shareholders held on 23 December 2022, the company resolved on a reduction of capital without compensation to eliminate the accumulated deficit, and the resolution took effect on 28 February 2023. As a result, during the cumulative second quarter, capital decreased by ¥167,178 thousand, which was transferred to other capital surplus. Subject to the reduction in capital taking effect, the company eliminated the accumulated deficit by transferring ¥100,629 thousand of other capital surplus to retained earnings.」
The reduction of capital without compensation to eliminate the accumulated deficit, following the previous fiscal year, took effect on 28 February 2023, involving a ¥167,178 thousand reduction in capital and the elimination of ¥100,629 thousand of the accumulated deficit. - FY2022-Q2AchievedAnnual report
「At the annual general meeting of shareholders held on 23 December 2021, the company resolved on a reduction of capital without compensation to eliminate the accumulated deficit, and the resolution took effect on 28 February 2022. As a result, during the cumulative second quarter, capital decreased by ¥442,818 thousand, which was transferred to other capital surplus.」
The reduction of capital without compensation to eliminate the accumulated deficit took effect on 28 February 2022, and ¥442,818 thousand of capital was transferred to other capital surplus. - FY2021-Q2AchievedAnnual report
「At the annual general meeting of shareholders held on 22 December 2020, the company resolved on a reduction of capital without compensation to eliminate the accumulated deficit, and the resolution took effect on 28 February 2021. As a result, during the cumulative second quarter, capital decreased by ¥1,307,992 thousand and capital reserves decreased by ¥992,914 thousand, with the entire reductions transferred to other capital surplus. Subject to the reduction in capital and capital reserves taking effect, the company eliminated the accumulated deficit by transferring ¥3,268,855 thousand of other capital surplus to retained earnings.」
The reduction of capital without compensation and elimination of the accumulated deficit planned in the previous filing took effect on 28 February 2021, and the transfer from capital surplus to retained earnings was also carried out. - FY2020First statedAnnual report
「The purpose is to eliminate accumulated deficits, strengthen the company's financial position and prepare to implement agile and flexible capital and shareholder return policies as it grows by gradually expanding its earnings base.」
As a subsequent event approved at the annual general meeting of shareholders held on 22 December 2020, the company disclosed a plan to reduce capital from ¥1,407,992,850 to ¥100,000,000, reduce the entire ¥992,914,187 capital reserve, and transfer ¥3,268,855,900 of other capital surplus to retained earnings to eliminate the accumulated deficit. The effective date was scheduled for 28 February 2021.