Securing a Distributable Amount and Flexibility in Capital Policy Through a Reduction in Capital Reserves
First written in FY2020. 2 of 3 entries say "Achieved", first in FY2021-Q1. Latest entry: FY2022-Q1.
127 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「Based on a resolution of the annual general meeting of shareholders held on 27 May 2021, the company reduced other capital surplus by ¥2,413 million, transferred the same amount to retained earnings brought forward, and made a deficit disposition. This had no impact on total shareholders’ equity.」
Based on a resolution of the annual general meeting of shareholders, ¥2,413 million of other capital surplus was transferred to retained earnings brought forward to offset the deficit. - FY2021-Q1AchievedAnnual report
「Based on a resolution of the 28th annual general meeting of shareholders held on 27 May 2020, a proposal concerning the reduction of the capital reserve was approved and adopted. Accordingly, effective 27 May 2020, the capital reserve was reduced and the entire reduction amount was transferred to other capital surplus.」
The reduction of the ¥2,840,131,492 capital reserve and its transfer to other capital surplus, announced in the previous report, was carried out on 27 May 2020. - FY2020First statedAnnual report
「For the purpose of increasing distributable amounts and securing flexibility and agility in capital policy, the Company will reduce the capital reserve and transfer the amount to other capital surplus pursuant to Article 448, Paragraph 1 of the Companies Act.」
The company announced a policy to reduce its capital reserve by ¥2,840,131,492 and transfer the amount to other capital surplus, pursuant to a resolution of the general meeting of shareholders held on 27 May 2020.