Deficit Coverage and Strengthening the Financial Position Through Reductions in Capital and Capital Reserve and Appropriation of Surplus
First written in FY2017-Q1. 9 of 11 entries say "Achieved", first in FY2017-Q2. Latest entry: FY2024-Q1.
127 other companies' latest entry also says "Achieved".
- FY2024-Q1AchievedAnnual report
「Pursuant to a resolution of the 12th annual general meeting of shareholders held on 28 February 2024 and under Article 448, paragraph 1 of the Companies Act, the capital reserve was reduced by ¥5,715.142 million, effective 1 March 2024, and the entire reduction was transferred to other capital surplus.」
Based on the resolution of the general meeting of shareholders on 28 February 2024, the reduction of the capital reserve by ¥5,715.142 million and its transfer to other capital surplus took effect on 1 March 2024. The procedure for eliminating accumulated losses planned and approved in FY2023 was completed. - FY2023AdvancedAnnual report
「At a meeting of the Board of Directors held on 22 January 2024, the company resolved to submit the proposal concerning the reduction of the capital reserve and disposal of surplus to the 12th annual general meeting of shareholders scheduled for 28 February 2024. The proposal was approved at that meeting.」
At the general meeting of shareholders on 28 February 2024, a proposal to transfer ¥5,715.142 million of the capital reserve to other capital surplus and eliminate the deficit in retained earnings brought forward was approved. The effective date was set as 1 March 2024. - FY2023-Q1AchievedAnnual report
「At the annual general meeting of shareholders held on 22 February 2023, the company approved a reduction of stated capital without compensation to eliminate accumulated losses, and the resolution took effect on 22 February 2023. As a result, during the first-quarter consolidated cumulative accounting period, capital surplus decreased by ¥8,620.659 million and retained earnings increased by ¥8,620.659 million.」
A reduction of stated capital without compensation to eliminate accumulated losses was implemented on 22 February 2023, transferring ¥8,620.659 million of the capital reserve to other capital surplus. - FY2022AchievedAnnual report
「With 22 February 2023 as the effective date, the company transferred ¥8,620.659 million of the capital reserve to other capital surplus, and transferred the entire amount of other capital surplus after the increase to retained earnings brought forward.」
The elimination of accumulated losses using ¥8,620.659 million of the capital reserve took effect on 22 February 2023, completing the procedure to strengthen the financial position. - FY2022-Q1AchievedAnnual report
「At the annual general meeting of shareholders held on 21 February 2022, the company approved a reduction of stated capital without compensation to eliminate accumulated losses, and the resolution took effect on 21 February 2022. As a result, during the first-quarter consolidated cumulative accounting period, capital surplus decreased by ¥1,924.900 million and retained earnings increased by ¥1,924.900 million.」
The reduction of stated capital without compensation took effect on 21 February 2022, completing the elimination of accumulated losses through the transfer of ¥1,924.900 million of capital surplus to retained earnings. - FY2021-Q1AchievedAnnual report
「At the annual general meeting of shareholders held on 26 February 2021, the company approved a reduction of stated capital without compensation to eliminate accumulated losses, and the resolution took effect on 26 February 2021. As a result, during the first-quarter consolidated cumulative accounting period, capital surplus decreased by ¥1,837.984 million and retained earnings increased by ¥1,837.984 million.」
The reduction of stated capital without compensation to eliminate accumulated losses took effect on 26 February 2021, completing additional capital restructuring through the transfer of ¥1,837.984 million of capital surplus to retained earnings. - FY2020-Q1AchievedAnnual report
「At the annual general meeting of shareholders held on 20 February 2020, the company approved a reduction of stated capital without compensation to eliminate accumulated losses, and the resolution took effect on 20 February 2020.」
The reduction of stated capital without compensation took effect on 20 February 2020. Capital surplus was reduced by ¥2,523.264 million, and the same amount was transferred to retained earnings to eliminate accumulated losses. - FY2019-Q1AchievedAnnual report
「At the annual general meeting of shareholders held on 24 February 2019, the company approved a reduction of stated capital without compensation to eliminate accumulated losses, and the resolution took effect on 24 February 2019. As a result, during the first-quarter consolidated cumulative accounting period, capital surplus decreased by ¥264.310 million and retained earnings increased by ¥264.310 million.」
The reduction of stated capital without compensation to eliminate accumulated losses took effect on 24 February 2019, and ¥264.310 million of capital surplus was transferred to retained earnings. - FY2017AchievedAnnual report
「The proposal was approved at the sixth annual general meeting of shareholders held on 26 February 2018. The capital reserve was reduced by ¥784.437 million, the same amount was transferred to other capital surplus, and the full amount was then transferred to retained earnings brought forward to eliminate accumulated losses.」
Following the capital restructuring in May 2017, the reduction of the capital reserve by ¥784.437 million and the elimination of accumulated losses were approved, completing additional financial restructuring. - FY2017-Q2AchievedAnnual report
「At the extraordinary general meeting of shareholders held on 4 April 2017, the company approved a reduction of stated capital without compensation to eliminate accumulated losses, and the resolution took effect on 15 May 2017. As a result, during the second-quarter consolidated accounting period, stated capital decreased by ¥425.068 million and the capital reserve decreased by ¥463.904 million. At the end of the second-quarter consolidated accounting period, stated capital was ¥1,865.921 million and the capital reserve was ¥0.」
The reduction of stated capital without compensation and the reduction of the capital reserve took effect on 15 May 2017, and the capital restructuring to eliminate accumulated losses was implemented. - FY2017-Q1First statedAnnual report
「To eliminate these accumulated losses and strengthen the financial position, the company reduced stated capital and the capital reserve and disposed of surplus.」
The company reduced stated capital by ¥425.068 million and reduced the capital reserve in full by ¥888.972 million, applying the same amount to eliminate the deficit in retained earnings brought forward.