Reduction of Stated Capital and Capital Reserves and Deficit Offset through Disposition of Surplus
First written in FY2017. 2 of 4 entries say "Achieved", first in FY2018-Q1. Latest entry: FY2023-Q1.
127 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「The proposal was approved at the annual general meeting of shareholders and became effective on 20 May 2022.」
Following approval, the reduction in stated capital, the capital reserve and the legal reserve and the disposal of surplus to cover the ¥583,837 thousand deficit in retained earnings brought forward became effective on 20 May 2022, completing the procedure. - FY2022AdvancedAnnual report
「At a meeting of the board of directors held on 28 March 2022, the Company resolved to reduce stated capital, the capital reserve and the legal reserve and to dispose of surplus. It also resolved to submit these matters to the 38th annual general meeting of shareholders held on 20 April 2022, where they were approved.」
To cover the ¥583,837 thousand deficit in retained earnings brought forward for the fiscal year ended January 2022, the Company resolved and obtained approval for reductions in stated capital, the capital reserve and the legal reserve and the disposal of surplus, moving the previously stated deficit elimination policy into specific procedures again. - FY2018-Q1AchievedAnnual report
「The proposal was approved at the general meeting of shareholders and became effective on 31 May 2017.」
The reduction in stated capital and capital reserves and the disposal of surplus became effective on 31 May 2017 following approval at the general meeting of shareholders, completing the deficit elimination procedure. - FY2017First statedAnnual report
「The purpose is to eliminate this deficit, ensure flexibility and agility in capital policy, and strengthen the financial position to achieve stable profit returns going forward in accordance with the Company’s basic policy on profit distribution.」
At the general meeting of shareholders, a plan was approved to reduce stated capital and the capital reserve and apply other capital surplus to cover the ¥10,483,848,405 deficit in retained earnings brought forward for the fiscal year ended January 2017 on a non-consolidated basis.