Enhancing capital policy flexibility through reductions in stated capital and capital reserves
First written in FY2024. 1 of 2 entries say "Achieved", first in FY2025-H1. Latest entry: FY2025-H1.
38 other companies' latest entry also says "Achieved".
- FY2025-H1AchievedAnnual report
「At the 13th Annual General Meeting of Shareholders held on 26 June 2024, the company received approval for proposals concerning reductions in the amounts of stated capital and capital reserve, which took effect on 9 August 2024. As a result, during the interim consolidated accounting period, stated capital was reduced by ¥1,147 million to ¥50 million, and the entire capital reserve of ¥1,196 million was reduced, with the full amount of each reduction transferred to other capital surplus.」
The reductions in stated capital and capital reserve planned in the previous fiscal year took effect on 9 August 2024, completing the implementation of the capital policy. - FY2024First statedAnnual report
「For the purpose of improving the flexibility and agility of the company's capital policy going forward, the company will reduce the amounts of its stated capital and capital reserve pursuant to Article 447, paragraph 1 and Article 448, paragraph 1 of the Companies Act, and transfer the amounts reduced to other capital surplus. The stated capital of ¥1,197,000,000 will be reduced by ¥1,147,000,000 to ¥50,000,000, and the entire capital reserve of ¥1,196,000,000 will be reduced, with the full amount of each reduction transferred to other capital surplus.」
The company resolved to reduce its stated capital by ¥1,147 million and its capital reserve by ¥1,196 million, with the reductions scheduled to take effect on 9 August 2024.