Increasing Capital Policy Flexibility by Reducing the Capital Reserve and Covering the Accumulated Deficit
First written in FY2022. 3 of 4 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2025.
127 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「The entire capital reserve will be reduced and transferred to other capital surplus. Retained earnings brought forward have a deficit of ¥139,132,854. Accordingly, subject to the capital-reserve reduction taking effect, ¥139,132,854 of the ¥186,443,862 in other capital surplus will be transferred to retained earnings brought forward to eliminate the accumulated deficit, while ¥7,358,145 of other capital surplus will be used to pay the year-end dividend.」
Following approval at the shareholders' meeting held on 20 June 2025, the entire ¥134,137,200 capital reserve was reduced, ¥139,132,854 was used to eliminate the accumulated deficit, and ¥7,358,145 was allocated to the year-end dividend. - FY2024AchievedAnnual report
「Of the ¥204,137,200 in capital reserve, ¥70,000,000」
Following approval at the shareholders' meeting held on 21 June 2024, procedures were carried out to reduce capital reserve by ¥70,000,000, allocate ¥100,264,046 from other capital surplus to eliminate the accumulated deficit, and allocate ¥7,358,151 to the year-end dividend. - FY2023-Q1AchievedAnnual report
「Based on a resolution at the 22nd Annual General Meeting of Shareholders held on 21 June 2022, during the first quarter accounting period the company reduced its capital reserve by ¥200 million and transferred the entire reduction to other capital surplus. It also withdrew ¥68.465 million from other capital surplus and the full ¥4.295 million in legal capital reserve, transferring these amounts to retained earnings brought forward to eliminate the deficit. As a result, at the end of the first quarter accounting period, capital reserve was ¥204.137 million and legal capital reserve was ¥0.」
Procedures under the capital policy were carried out to reduce capital reserves and other reserves, eliminate the accumulated deficit, leave capital reserve at ¥204.137 million, and reduce legal capital reserve to ¥0. - FY2022First statedAnnual report
「The purpose is to eliminate the deficit in retained earnings, secure funds for dividends to shareholders, and ensure flexibility and agility in future capital policy. Of the ¥404,137,200 in capital reserve, ¥200,000,000, together with the full amount of the ¥4,295,000 in legal capital reserve, will be reduced and transferred to other capital surplus and retained earnings brought forward.」
Following approval at the shareholders' meeting held on 21 June 2022, the company specified procedures to reduce capital reserves and other reserves to eliminate the accumulated deficit and secure dividend resources and flexibility in future capital policy.