Covering the Deficit Through Capital Reduction and Appropriation of Surplus
First written in FY2024. 1 of 2 entries say "Achieved", first in FY2025-H1. Latest entry: FY2025-H1.
127 other companies' latest entry also says "Achieved".
- FY2025-H1AchievedAnnual report
「Based on a resolution at the 46th Annual General Meeting of Shareholders held on 27 June 2024, the Group covered accumulated losses effective 2 September 2024. As a result, during the interim consolidated accounting period, capital decreased by ¥9,836 million and retained earnings increased by ¥9,836 million. During the interim consolidated accounting period, capital was ¥4,205 million and retained earnings were ¥6,137 million.」
The planned capital reduction and disposal of surplus to cover accumulated losses were completed effective 2 September 2024, reducing capital by ¥9,836 million and transferring the same amount to retained earnings. - FY2024First statedAnnual report
「For the purpose of covering accumulated losses and ensuring flexibility in future capital policies, the Company will reduce the amount of capital and dispose of other capital surplus. Of capital of ¥14,041,834,640, ¥9,836,447,281 will be reduced, and ¥9,836,447,281 of other capital surplus will be reduced and transferred to retained earnings brought forward of ¥9,836,447,281 to cover accumulated losses. The effective date is 2 September 2024 (planned).」
A plan was disclosed to reduce capital by approximately ¥9.8 billion and transfer the same amount from other capital surplus to retained earnings brought forward, for the purpose of covering accumulated losses and ensuring flexibility in capital policy.