Maintaining Financial Soundness and Ensuring Flexibility in Capital Policy Through a Capital Reduction
First written in FY2024-Q1. 3 of 4 entries say "Restated". Latest entry: FY2024.
13 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Company reduced its stated capital and transferred the amount to other capital surplus to maintain financial soundness through the application of an appropriate tax regime suited to its current business scale and to secure flexibility and agility in capital policy.」
The Company confirms the 98.6% reduction in capital effective 31 July 2023 as a measure to maintain financial soundness and secure flexibility in capital policy. - FY2024-Q3RestatedAnnual report
「In addition, at the 5th annual general meeting of shareholders held on 26 June 2023, we resolved on a gratuitous reduction in capital intended to maintain financial soundness through the application of an appropriate tax regime suited to the current business scale and to secure flexibility and agility in capital policy as part of the management strategy for achieving sustainable growth and enhancing corporate value over the medium to long term. The reduction became effective on 31 July 2023.」
The gratuitous reduction in capital that became effective on 31 July 2023 is again described as an initiative to maintain financial soundness and secure flexibility in capital policy. - FY2024-Q2RestatedAnnual report
「At the 5th annual general meeting of shareholders held on 26 June 2023, we resolved on a gratuitous reduction in capital intended to maintain financial soundness through the application of an appropriate tax regime suited to the current business scale and to secure flexibility and agility in capital policy as part of the management strategy for achieving sustainable growth and enhancing corporate value over the medium to long term. The reduction became effective on 31 July 2023.」
The gratuitous reduction in capital that became effective on 31 July 2023 is reiterated as an initiative to secure flexibility in capital policy and financial soundness. No new reduction was disclosed. - FY2024-Q1First statedAnnual report
「As part of its management strategy for achieving sustainable growth and enhancing corporate value over the medium to long term, the Company reduced its stated capital to maintain financial soundness through the application of an appropriate tax regime suited to its current business scale and to secure flexibility and agility in its capital policy. The reduction became effective on 31 July 2023.」
The Company carried out a gratuitous reduction in capital from ¥738,251 thousand to ¥10,277 thousand, transferring ¥727,974 thousand to other capital surplus. The number of issued shares was unchanged, and the effective date was 31 July 2023.