Offsetting the Deficit in Retained Earnings through a Reduction in Capital Reserves
First written in FY2024. 1 of 2 entries say "Achieved", first in FY2025-H1. Latest entry: FY2025-H1.
130 other companies' latest entry also says "Achieved".
- FY2025-H1AchievedAnnual report
「At a meeting of the Board of Directors held on 23 May 2024, the company resolved to reduce the capital reserve and dispose of surplus. With 23 May 2024 as the effective date, it reduced the capital reserve by ¥704.269 million pursuant to Article 448, Paragraph 1 of the Companies Act and transferred the same amount to other capital surplus. It also offset the deficit by transferring the entire amount of other capital surplus to retained earnings brought forward pursuant to Article 452 of the Companies Act.」
It can be confirmed that the reduction of the ¥704.269 million capital reserve, its transfer to other capital surplus, and the offsetting of the deficit through a transfer to retained earnings brought forward were implemented with 23 May 2024 as the effective date. - FY2024First statedAnnual report
「Pursuant to Article 448, Paragraph 1 of the Companies Act, the capital reserve will be reduced and transferred to other capital surplus.」
On 23 May 2024, the company resolved on a capital policy under which ¥704.269 million of capital reserve would be reduced and transferred to other capital surplus, and then applied to offset the deficit in retained earnings. The purpose is to strengthen the financial position and secure flexibility and agility in capital policy, including shareholder returns.