Deficit Compensation through Reductions in Capital and Legal Reserves and Securing a Source of Funds for Stable Dividends
First written in FY2019. 3 of 8 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2024.
126 other companies' latest entry also says "Achieved".
- FY2024AchievedAnnual report
「The company acquired 1,000,000 Class A preferred shares as of 29 September 2023 and cancelled them on the same date.」
The acquisition and cancellation of the remaining 1 million Class A preferred shares was completed, completing the capital policy to reduce the burden of payments such as preferred dividends. - FY2024-Q2AdvancedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, all of the Class A preferred shares were redeemed, reducing the burden of payments such as preferred dividends and strengthening the company’s financial position.」
All issued Class A preferred shares were redeemed as a measure to strengthen the company’s financial position by reducing the burden of payments such as preferred dividends. - FY2023AdvancedAnnual report
「As disclosed on 13 March 2023, during the current consolidated fiscal year the company worked to strengthen its financial position by reducing the burden of payments such as preferred dividends through the acquisition and cancellation of part of the preferred shares. The company acquired 1,000,000 Class A preferred shares as of 31 March 2023 and cancelled them on the same date.」
The company acquired and cancelled 1 million Class A preferred shares as a measure to strengthen its financial position by reducing the burden of payments such as preferred dividends. - FY2021-Q3ReframedAnnual report
「To strengthen its financial position at an early stage and prepare for a nimble and flexible capital policy going forward, the company decided to reduce the amount of capital and other items in conjunction with the issuance of Class A preferred shares and transfer the reduction to other capital surplus, which constitutes the distributable amount.」
The reduction and transfer of the capital reserve and other items was positioned as a measure not only to secure a source of stable dividends, but also to strengthen the financial position and enable a flexible capital policy in conjunction with the issuance of preferred shares. - FY2020RestatedAnnual report
「15 May 2019 Board of Directors meeting; common shares; 255; 25; 31 March 2019; 27 June 2019; capital surplus」
The company paid a dividend totaling ¥255 million, or ¥25 per share, funded by capital surplus, while no year-end dividend was paid for the current fiscal year. - FY2020-Q2RestatedAnnual report
「15 May 2019 Board of Directors meeting; common shares; 255; 25; 31 March 2019; 27 June 2019; capital surplus」
A dividend funded by capital surplus was paid, continuing the capital policy concerning the securing of a source of stable dividends presented in the previous fiscal year. - FY2020-Q1AdvancedAnnual report
「27 June 2019 (Note) Decrease in capital reserve △1,400 Balance of capital reserve 2,169」
The company reduced the capital reserve by ¥1,400 million and transferred it to other capital surplus. Of the capital policy presented in the previous fiscal year, the reduction in the capital reserve was implemented. - FY2019First statedAnnual report
「To continue paying stable dividends over the long term by enhancing distributable amounts going forward and to secure flexibility in its capital policy, the company will reduce the amounts of the capital reserve and retained earnings reserve, transferring the reduction in the capital reserve to other capital surplus and the reduction in the retained earnings reserve to retained earnings carried forward.」
The company disclosed a capital policy under which ¥1,400 million of the capital reserve and the entire ¥497 million retained earnings reserve would be transferred, along with ¥838 million of other capital surplus transferred to retained earnings carried forward, to offset the deficit.