CINC Corp. (4378) · InitiativeAchieved
Ensuring Flexibility in Capital Policy and Tax Treatment Through Capital Reduction
First written in FY2024-Q2. 1 of 2 entries say "Achieved", first in FY2025. Latest entry: FY2025.
2entries
3years
0from disclosures
How it moved
Same theme, other companies
Transfer to Other Capital Surplus Through Capital Reduction and Capital Structure ReorganizationA theme 203 companies write about · 0 as a headwind · 186 as a tailwind
118 other companies' latest entry also says "Achieved".
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Showing 14 of the 198 companies compared. The sentences above are computed from all 198.Comparing 200 of the theme's 206 threads.Full recordFilings, disclosures and news, newest first
- FY2025AchievedAnnual report
「Pursuant to Article 447, Paragraph 1 of the Companies Act, the Company reduced capital and transferred the reduction to other capital surplus to ensure flexibility and agility in future capital policies. (Capital reduction ratio: 97.9%).」
The Company disclosed that it had implemented a capital reduction on 26 July 2024 to ensure flexibility in its capital policy. - FY2024-Q2First statedAnnual report
「The Company is reducing the amount of capital pursuant to Article 447, Paragraph 1 of the Companies Act in order to ensure flexibility and agility in future capital policies and improve financial soundness through the application of appropriate tax treatment.」
At a meeting of the Board of Directors held on 17 May 2024, the Company decided to submit to the extraordinary general meeting of shareholders scheduled for 26 July 2024 a proposal to reduce capital from ¥477,432,366 by ¥467,432,366 to ¥10,000,000. The reduction will be transferred to other capital surplus, with no change planned to net assets or the total number of issued shares, subject to approval at the general meeting of shareholders.