Reduction of Capital Reserves and Coverage of the Deficit in Retained Earnings Brought Forward
First written in FY2022. 1 of 3 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2024-Q1.
23 other companies' latest entry also says "Advanced".
- FY2024-Q1AdvancedAnnual report
「Based on a resolution of the 20th Annual General Meeting of Shareholders, the group transferred ¥7,867 million of capital stock and ¥687 million of capital reserve to other capital surplus.」
Based on a resolution of the 20th Annual General Meeting of Shareholders, the company transferred ¥7,867 million of capital stock and ¥687 million of capital reserve to other capital surplus, changing its capital structure. - FY2023-Q1AchievedAnnual report
「Based on a resolution of the 19th Annual General Meeting of Shareholders, ¥7,198 million of capital reserve was transferred to other capital surplus, and ¥4,627 million of that amount was further transferred to retained earnings brought forward to eliminate the deficit.」
Based on a resolution of the Annual General Meeting of Shareholders held on 28 June 2022, the company transferred ¥7,198 million of capital reserve and eliminated the deficit in retained earnings brought forward using ¥4,627 million. - FY2022First statedAnnual report
「The reduction in the capital reserve is intended to secure flexibility and agility in future capital policy and to put the company in a position to implement shareholder return measures, including dividend payments and treasury share acquisitions. As retained earnings brought forward had a deficit of ¥4,627,225,701, subject to the proposed reduction in the capital reserve described in 2 above being approved and taking effect at this General Meeting of Shareholders, ¥4,627,225,701 of other capital surplus totaling ¥7,198,527,446 will be transferred to retained earnings brought forward to eliminate the deficit.」
The company presented a plan to transfer ¥7,198,527,446 from the capital reserve to other capital surplus, use ¥4,627,225,701 of that amount to eliminate the deficit in retained earnings brought forward, and secure flexibility in capital policy and the ability to implement shareholder returns.