Covering the Deficit Through Reductions in Stated Capital and Capital Reserves and Greater Flexibility in Capital Policy
First written in FY2017. 2 of 5 entries say "Achieved", first in FY2018-Q1. Latest entry: FY2026-H1.
127 other companies' latest entry also says "Achieved".
- FY2026-H1AchievedAnnual report
「Pursuant to a resolution at the Annual General Meeting of Shareholders held on 27 June 2025, the company reduced stated capital by ¥2,486,206 thousand and capital reserves by ¥11,841,807 thousand, increased other capital surplus by ¥14,328,013 thousand, and then transferred ¥11,902,990 thousand to retained earnings brought forward to cover the deficit.」
Regarding the coverage of the deficit through reductions in stated capital and capital reserves and the transfer from other capital surplus to retained earnings brought forward, the reduction in capital took effect on 1 August 2025 and was completed. - FY2025AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 May 2025, the company resolved to submit proposals on the reduction of stated capital and capital reserves and the disposition of surplus to the 25th Annual General Meeting of Shareholders to be held on 27 June 2025.」
The company reached the stage of once again advancing a capital policy to reduce stated capital and capital reserves, transfer other capital surplus to retained earnings brought forward, and cover the deficit. The planned effective date is 1 August 2025. - FY2018Cited as achievedAnnual report
「At the 17th Annual General Meeting of Shareholders held on 28 June 2017, the company received approval for the reduction of stated capital and capital reserves and the disposition of surplus, which took effect on 1 August 2017.」
The company has reaffirmed, based on the statements of changes in shareholders' equity and other documents, that the reduction of stated capital and capital reserves and the deficit disposition have taken effect as a completed capital policy. - FY2018-Q1AchievedAnnual report
「At the 17th Annual General Meeting of Shareholders held on 28 June 2017, the company received approval for the reduction of stated capital and capital reserves and the disposition of surplus, which took effect on 1 August 2017.」
Regarding the coverage of the deficit through reductions in stated capital and capital reserves and the disposition of surplus, the measures took effect on 1 August 2017 following approval at the General Meeting of Shareholders. The company reduced stated capital by ¥4,094,243,331 and capital reserves by ¥724,525,178 to cover a ¥4,818,768,509 deficit in retained earnings brought forward. - FY2017First statedAnnual report
「For the purpose of covering this deficit, strengthening the company's financial position, and securing flexibility and agility in its future capital policy, the company will reduce the amounts of stated capital and capital reserves under Articles 447(1) and 448(1) of the Companies Act and dispose of surplus under Article 452.」
With 1 August 2017 as the effective date, the company first disclosed a capital policy involving reductions in stated capital and capital reserves to cover a ¥4,818,768,509 deficit in retained earnings brought forward.