Securing Flexible Capital Policy Through Reduction of Stated Capital and Capital Reserve
First written in FY2022. 1 of 2 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2023-Q1.
118 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「At the 33rd Annual General Meeting of Shareholders held on 14 December 2022, the Company’s proposal concerning reductions in capital and capital reserves was approved, and took effect on 7 February 2023. Of the capital amount of ¥1,210,360,705, ¥1,110,360,705 was reduced, leaving ¥100,000,000. Of the capital reserves of ¥1,155,627,731, ¥1,055,627,731 was reduced, leaving ¥100,000,000.」
The reductions in capital and capital reserves aimed at securing a flexible and agile framework for shareholder returns and capital policy took effect on 7 February 2023. - FY2022First statedAnnual report
「To establish a structure capable of implementing flexible and agile shareholder return measures and capital policies going forward, the amounts of capital and capital reserves will be reduced pursuant to Articles 447(1) and 448(1) of the Companies Act, with the same amounts transferred to other capital surplus.」
A proposal to reduce capital from ¥1,210 million to ¥100 million and capital reserves from ¥1,156 million to ¥100 million, with the amounts transferred to other capital surplus, was approved. The effective date was scheduled for 7 February 2023.