Covering the Deficit Through Reductions in Stated Capital and Capital Reserves and Greater Flexibility in Capital Policy
First written in FY2023-Q2. 1 of 3 entries say "Achieved", first in FY2023-Q3. Latest entry: FY2023.
15 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「At the extraordinary general meeting of shareholders held on 20 September 2023, the shareholders approved the offsetting of the deficit in order to strengthen the financial position, enable shareholder returns such as future dividend payments, increase the flexibility and agility of future capital policies, and promote efficient management. The deficit in retained earnings was offset.」
The company implemented measures to offset the deficit through a reduction in stated capital and capital surplus and an appropriation of surplus, with the aim of enabling future shareholder returns and increasing the flexibility of its capital policy. - FY2023-Q3AchievedAnnual report
「As a result, stated capital decreased by ¥904.239 million, capital surplus increased by ¥756.830 million, and retained earnings increased by ¥147.409 million.」
The reduction in stated capital and capital surplus and the appropriation of surplus based on the resolution of the extraordinary general meeting of shareholders were implemented on 21 September 2023, offsetting the deficit in retained earnings. - FY2023-Q2First statedAnnual report
「① Amount of reduction in stated capital: stated capital of ¥904.239 million will be reduced. / ① Amount of reduction in capital surplus: capital surplus of ¥934.239 million will be reduced.」
The plan to reduce stated capital by ¥904.239 million and capital surplus by ¥934.239 million and offset the deficit in retained earnings through other capital surplus is described for the first time.