Offsetting the Deficit in Retained Earnings Brought Forward Through a Reduction in Capital Reserve
First written in FY2024. 1 of 2 entries say "Achieved", first in FY2025-H1. Latest entry: FY2025-H1.
127 other companies' latest entry also says "Achieved".
- FY2025-H1AchievedAnnual report
「Pursuant to a resolution passed at the 13th annual general meeting of shareholders held on 27 November 2024, we reduced the capital reserve by ¥2,054,957,450 effective 10 January 2025 under Article 452 of the Companies Act and transferred it to other capital surplus. We also transferred part of the increased other capital surplus to retained earnings to offset the deficit.」
The deficit was offset as scheduled on 10 January 2025 through a reduction in the capital reserve and a transfer from other capital surplus to retained earnings. - FY2024First statedAnnual report
「The purpose is to offset the deficit in retained earnings and improve our financial position. We will reduce the capital reserve by ¥2,054,957,450 and transfer it to other capital surplus, then transfer ¥1,381,828,720 of other capital surplus to retained earnings to offset the deficit. Effective date: 10 January 2025 (scheduled).」
This is the first disclosure of a specific capital policy involving a reduction in the capital reserve and disposition of surplus after the filing, intended to offset the deficit and improve the financial position.