Flexible Capital Policy and Financial Soundness Through Capital Reduction
First written in FY2023-Q1. 2 of 4 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2024.
23 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「The amounts of stated capital and the capital surplus were reduced, and the entire amount was transferred to other capital surplus. Pursuant to Article 452 of the Companies Act, the other capital surplus after the increase was transferred to retained earnings brought forward.」
Following the capital reduction in 2023, the reduction of stated capital and capital surplus and the elimination of accumulated deficit of ¥3,510.085 million were carried out pursuant to a resolution of the extraordinary general meeting of shareholders held on 21 November 2024. - FY2023AchievedAnnual report
「Pursuant to a resolution of the extraordinary general meeting of shareholders held on 29 November 2023, the amount of stated capital was reduced and the entire amount was transferred to the capital surplus.」
The planned reduction of ¥298.335 million in stated capital and its transfer to the capital surplus were carried out on 29 November 2023, reducing stated capital to ¥10.1 million. - FY2023-Q3AdvancedAnnual report
「Of the ¥308,335,000 in stated capital, ¥298,335,000 will be reduced, leaving stated capital at ¥10,000,000.」
A proposal was approved for submission to the extraordinary general meeting of shareholders scheduled for 29 November 2023, formalising a new capital reduction plan to reduce stated capital by ¥298,335,000 to ¥10,000,000. The effective date was scheduled for 30 November 2023. - FY2023-Q1First statedAnnual report
「As part of its financial strategy to implement its future growth strategy, the company will reduce the amount of its stated capital. The reduction is being carried out pursuant to Article 447, Paragraph 1 of the Companies Act, with the aim of achieving a flexible and agile capital policy and maintaining financial soundness through the application of an appropriate tax regime.」
The capital reduction took effect on 31 March 2023. ¥143,779,520 of stated capital was transferred to the capital surplus, reducing stated capital to ¥10,000,000.