Es Networks (5867) · FactRestated
Prior-year dividends exceeding the distributable amount and voluntary repayment
First written in FY2023. 1 of 2 entries say "Materialised", first in FY2023. Latest entry: FY2024.
2entries
2years
0from disclosures
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Voluntary Repayment of Dividends Paid in Excess of the Distributable AmountA theme 5 companies write about · 5 as a headwind · 0 as a tailwind
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- FY2024RestatedAnnual report
「The matter arose because the dividend based on 31 December 2020 exceeded the distributable amount calculated under the Companies Act and the Ordinance on Company Accounting, and the company received an offer from shareholders to make voluntary repayments.」
The accounting notes continue to disclose the excess distribution in prior-year dividends and voluntary repayments by shareholders. - FY2023MaterialisedAnnual report
「It was discovered that the total dividend based on the fiscal year ended December 2020, approved at the ordinary general meeting of shareholders held on 26 March 2021, exceeded the distributable amount calculated under the Companies Act and the Ordinance on Company Accounting.」
In fiscal 2023, the company received an offer from shareholders to make voluntary repayments and recorded ¥8,459 thousand as refund proceeds.