Deficit Coverage and Strengthening of the Financial Position Through Reductions in Share Capital and Capital Reserves
First written in FY2020-Q1. 3 of 6 entries say "Achieved", first in FY2020-Q2. Latest entry: FY2025-H1.
127 other companies' latest entry also says "Achieved".
- FY2025-H1AchievedAnnual report
「On 28 February 2025, stated capital and the capital reserve were each reduced by ¥210.629 million and transferred to other capital surplus. The transferred other capital surplus was then transferred to retained earnings to cover the deficit.」
The reduction of capital and deficit coverage planned for FY2024 were carried out on 28 February 2025, completing the ¥210.629 million reductions in stated capital and the capital reserve and the deficit coverage. - FY2024ReframedAnnual report
「Based on the current earnings situation of the entire group, including our subsidiaries, the purpose is, from the perspective of an overall financial strategy, to cover the deficit in retained earnings and promote more efficient management going forward while strengthening the financial position.」
Following the previous reduction of capital and deficit coverage, a plan was approved to reduce stated capital and the capital reserve by ¥115.489 million each and transfer ¥1,482.219 million from other capital surplus to retained earnings. The effective date is scheduled for 28 February 2025. - FY2022-Q3AchievedAnnual report
「At the extraordinary general meeting of shareholders held on 16 June 2022, we resolved to reduce the amounts of stated capital and the capital reserve and carried out the reduction.」
The resolution and implementation of a reduction of capital were disclosed, involving reductions of ¥147.547 million each in stated capital and the capital reserve and their transfer to other capital surplus to secure and increase the distributable amount. - FY2022-Q2ReframedAnnual report
「Specifically, pursuant to Article 447, Paragraph 1 and Article 448, Paragraph 1 of the Companies Act, the amounts of stated capital and the capital reserve will be reduced and transferred to other capital surplus, thereby securing and increasing the distributable amount and promoting more efficient management going forward.」
The purpose has been reframed from the previous reduction of capital aimed at covering the deficit to a plan to transfer stated capital and the capital reserve to other capital surplus in order to secure and increase the distributable amount. Stated capital and the capital reserve are each scheduled to be reduced by ¥147.547 million. - FY2020-Q2AchievedAnnual report
「At the annual general meeting of shareholders held on 20 December 2019, we resolved to carry out a non-compensatory reduction of capital to cover the deficit. Effective 31 January 2020, stated capital was reduced by ¥828.500 million, the capital reserve was reduced by ¥820.558 million, and other capital surplus increased by ¥1,649.059 million. In addition, ¥121.425 million of other capital surplus was transferred to retained earnings and used to cover the deficit.」
The non-compensatory reduction of capital and deficit coverage planned in the previous quarter were carried out on 31 January 2020, completing the reductions in stated capital and the capital reserve and the transfer to retained earnings. - FY2020-Q1First statedAnnual report
「Based on the current earnings situation of the entire group, including our subsidiaries, the purpose is, from the perspective of an overall financial strategy, to cover the deficit in retained earnings and promote more efficient management going forward while strengthening the financial position.」
A plan was disclosed to reduce stated capital of ¥828,500,520 and the capital reserve of ¥820,558,520, and transfer ¥121,425,963 of the reduction to retained earnings to cover the deficit. The effective date was 31 January 2020.