Reduction of Stated Capital and Capital Reserves to Secure Flexibility and Agility in Capital Policy
First written in FY2024-Q1. 1 of 2 entries say "Achieved", first in FY2024-Q2. Latest entry: FY2024-Q2.
38 other companies' latest entry also says "Achieved".
- FY2024-Q2AchievedAnnual report
「Based on a resolution at the annual general meeting of shareholders held on 27 April 2023, the reduction of capital took effect on 2 June 2023. During the cumulative second-quarter period, stated capital decreased by ¥1,067,959 thousand and capital reserves decreased by ¥876,815 thousand, with the entire amount of the reduction transferred to other capital surplus.」
The reduction of capital intended to ensure flexibility and agility in capital policy was implemented and reflected, resulting in stated capital of ¥50,000 thousand, capital reserves of ¥0 and capital surplus of ¥1,944,774 thousand. - FY2024-Q1First statedAnnual report
「The reduction took effect on 2 June 2023. To ensure flexibility and agility in our future capital policy, we reduced stated capital and capital reserves pursuant to Article 447, Paragraph 1 and Article 448, Paragraph 1 of the Companies Act.」
As a material subsequent event, the company reduced stated capital from ¥1,117,959,200 by ¥1,067,959,200 to ¥50,000,000, and reduced the entire ¥876,815,200 in capital reserves to ¥0. It is explained that the reduction had no impact on the total number of shares issued, net assets or business performance.