Covering an Accumulated Deficit in Retained Earnings by Transferring Capital Reserves
First written in FY2018. 1 of 2 entries say "Achieved", first in FY2019-Q1. Latest entry: FY2019-Q1.
127 other companies' latest entry also says "Achieved".
- FY2019-Q1AchievedAnnual report
「At a meeting of the Board of Directors held on 25 May 2018, the Company resolved, pursuant to the provisions of its Articles of Incorporation based on Article 459, paragraph 1 of the Companies Act, to reduce the capital reserve and appropriate surplus. On the same date, it transferred ¥1,388,054 thousand of the capital reserve to other capital surplus and then appropriated the ¥1,388,054 thousand in other capital surplus to offset the deficit in retained earnings brought forward.」
The transfer of ¥1,388,054 thousand from the capital reserve and the offsetting of the deficit in retained earnings brought forward were completed on 25 May 2018, completing the decision disclosed in the previous fiscal year. - FY2018First statedAnnual report
「At a meeting of the Board of Directors held on 25 May 2018, the Company resolved, pursuant to Articles 448 and 452 of the Companies Act and Article 40 of its Articles of Incorporation, to offset the deficit in retained earnings brought forward by transferring ¥1,388,054 thousand of the ¥1,393,981 thousand capital reserve to other capital surplus and then transferring the post-transfer amount to retained earnings brought forward, with 25 May 2018 as the effective date.」
The Company newly disclosed its decision to transfer ¥1,388,054 thousand from the capital reserve to retained earnings brought forward via other capital surplus, effective 25 May 2018, to offset the deficit.