Making Up a Retained Earnings Deficit by Reducing Stated Capital and Capital Reserves and Increasing Flexibility in Capital Policy
First written in FY2020. 3 of 6 entries say "Achieved", first in FY2021-Q1. Latest entry: FY2025-H1.
127 other companies' latest entry also says "Achieved".
- FY2025-H1AchievedAnnual report
「Pursuant to a resolution at the 16th Annual General Meeting of Shareholders held on 28 June 2024, the company reduced stated capital and capital surplus to strengthen its financial position, secure flexibility and agility in future capital policy, and optimize its capital structure. It applied the entire amount of other capital surplus arising from the reductions to offset the deficit in other retained earnings. As a result, stated capital decreased by ¥65.275 million, representing a reduction ratio of 54.2%, and capital surplus decreased by ¥599.669 million, representing a reduction ratio of 41.5%.」
The reduction in capital took effect on 31 August 2024, completing the reductions in stated capital and capital surplus and the offsetting of the deficit. - FY2024AdvancedAnnual report
「At a board meeting held on 21 May 2024, the company resolved to submit a proposal to the 16th Annual General Meeting of Shareholders, held on 28 June 2024, concerning reductions in stated capital and capital surplus and the appropriation of retained earnings. The proposal was approved at the annual general meeting.」
The reductions in stated capital and capital surplus and the appropriation of retained earnings, intended to offset the deficit, strengthen the financial position and secure flexibility in capital policy, were approved. The effective date was set as 31 August 2024. - FY2022-Q1AchievedAnnual report
「The proposal was approved at the annual general meeting, and took effect on 2 August 2021.」
The reductions in stated capital and capital surplus intended to strengthen the financial position and secure flexibility in capital policy took effect and were completed on 2 August 2021. - FY2021AdvancedAnnual report
「The proposal was approved at the 13th Annual General Meeting of Shareholders held on 28 June 2021.」
To strengthen its financial position and secure flexibility in its capital policy, the company reduced stated capital of ¥48.80125 million and capital surplus of ¥48.80125 million, with the reductions scheduled to take effect on 2 August 2021. - FY2021-Q1AchievedAnnual report
「At a board meeting held on 20 May 2020, the company resolved to submit proposals to the 12th Annual General Meeting of Shareholders, held on 25 June 2020, concerning reductions in stated capital and capital surplus and the appropriation of retained earnings. The proposals were approved at the annual general meeting, and took effect on 1 August 2020.」
The reductions in stated capital and capital surplus and the appropriation of retained earnings were approved and took effect on 1 August 2020. The company stated that the deficit in retained earnings brought forward would also be eliminated. - FY2020First statedAnnual report
「The purpose is to offset the current deficit in retained earnings brought forward, improve the soundness of the financial position, secure flexibility and agility in future capital policy, and optimize the capital structure.」
A plan to reduce stated capital of ¥1,620.405341 billion and capital surplus of ¥289.824425 million and offset the deficit on 1 August 2020 was approved.