Securing Flexibility and Agility in Capital Policy Through a Reduction in Capital Reserves
First written in FY2017. 2 of 4 entries say "Achieved", first in FY2018-Q2. Latest entry: FY2020-Q2.
127 other companies' latest entry also says "Achieved".
- FY2020-Q2AchievedAnnual report
「To cover the deficit in retained earnings, strengthen the financial position, and ensure flexibility and agility in future capital policy, the Company resolved at the annual general meeting of shareholders held on 20 December 2019 to reduce the amounts of capital and the capital reserve and dispose of surplus. The resolution took effect on 31 March 2020. As a result, capital and the capital reserve each decreased by ¥1,000 million, while other capital surplus increased by ¥2,000 million.」
To ensure flexibility and agility in capital policy and cover the deficit, capital and the capital reserve were each reduced by ¥1,000 million, and ¥2,000 million was transferred to other capital surplus. - FY2019RaisedAnnual report
「The purpose is to cover the deficit in retained earnings currently incurred, strengthen the financial position, and ensure flexibility and agility in future capital policy. Of the ¥3,333.834 million in capital, ¥1,000 million will be reduced, and of the ¥2,513.834 million capital reserve, ¥1,000 million will be reduced. Other capital surplus of ¥2,000 million will be transferred to retained earnings.」
Following the previous ¥800 million reduction in the capital reserve, a plan was announced to reduce capital and the capital reserve by ¥1,000 million each and cover a deficit of ¥2,000 million. - FY2018-Q2AchievedAnnual report
「23 January 2018 (Note) — 13,310,900 — 1,428,755 △800,000 608,755 (Note) Pursuant to Article 448, paragraph 1 of the Companies Act, the capital reserve was reduced and transferred to other capital surplus.」
The reduction of the ¥800 million capital reserve and its transfer to other capital surplus, announced as a policy to ensure flexibility and agility in capital policy, was carried out on 23 January 2018. - FY2017First statedAnnual report
「To ensure flexibility and agility in future capital policy, the Company will reduce part of the capital reserve pursuant to Article 448, paragraph 1 of the Companies Act and transfer the entire amount of the reduction to other capital surplus.」
The Company announced a policy to reduce the ¥800 million capital reserve and transfer it to other capital surplus.