Rebuilding the Financial Position and Establishing a Framework for Resuming Dividends through Capital Reduction, Capital Reserve Reduction and Deficit Compensation
First written in FY2021-Q1. 1 of 3 entries say "Achieved", first in FY2021-Q2. Latest entry: FY2026.
24 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Effective 31 March 2026, stated capital was reduced by ¥339,042 thousand and the capital reserve by ¥299,042 thousand. The full amount was transferred to other capital surplus, which was then transferred to retained earnings to offset the deficit.」
Following FY2021, the company implemented reductions in stated capital and the capital reserve and offset the deficit. Stated capital was ¥10 million and retained earnings were ¥1,096 million, reflecting further progress in rebuilding the financial position. - FY2021-Q2AchievedAnnual report
「Stated capital was reduced by ¥5,203,500 thousand and the capital reserve by ¥3,951,625 thousand, with the full amount of the reductions transferred to other capital surplus. Subject to the effectiveness of the reductions in stated capital and the capital reserve, ¥9,155,126 thousand in other capital surplus arising from the reductions was transferred to retained earnings and used to offset the deficit.」
The effects of the capital reduction, reduction of the capital reserve and transfer of ¥9,155 million in other capital surplus to retained earnings to offset the deficit, effective 1 August 2020, were reflected in the quarter-end balance. - FY2021-Q1First statedAnnual report
「The purpose is to offset the deficit in retained earnings currently arising, strengthen our financial position and establish a structure enabling the early resumption of dividend payments, while securing flexibility and agility in future capital policies.」
On 1 August 2020, a capital policy was implemented under which stated capital was reduced from ¥5,253,500,800 to ¥50,000,000, the capital reserve was reduced in full, and ¥9,155,126,600 in other capital surplus was transferred to retained earnings to offset the deficit.