Reduction of Stated Capital and Capital Reserve and Covering the Deficit in Retained Earnings Brought Forward
First written in FY2022. 2 of 3 entries say "Achieved", first in FY2022-Q4. Latest entry: FY2023-Q4.
125 other companies' latest entry also says "Achieved".
- FY2023-Q4AchievedAnnual report
「Based on the resolution adopted at the 30th Annual General Meeting of Shareholders held on 29 June 2023, the reduction in the amounts of the Company's stated capital and capital reserves and the appropriation of retained earnings became effective on 21 July 2023.」
The reduction of stated capital and capital reserves and the appropriation of retained earnings were carried out on 21 July 2023. Stated capital was reduced by ¥20,430,750 and capital reserves by ¥661,725,674, while ¥528,119,339 of other capital surplus was appropriated to cover accumulated losses. - FY2022-Q4AchievedAnnual report
「Based on a resolution at the 29th Annual General Meeting of Shareholders held on 30 June 2022, the reduction of the amounts of the company's stated capital and capital reserves and the disposition of surplus became effective on 5 August 2022. Of the stated capital of ¥2,716,633,182, ¥2,706,633,182 was reduced, leaving ¥10,000,000. The capital reserves of ¥2,670,433,178 were reduced in full, leaving zero. Other capital surplus of ¥5,377,066,360 was transferred to accumulated retained earnings and used to offset the deficit.」
The reduction of stated capital and capital reserves and the appropriation to cover accumulated losses were carried out on 5 August 2022. This was a transfer between accounts that did not change total net assets or the total number of shares issued. - FY2022First statedAnnual report
「To offset the current deficit in accumulated retained earnings and improve our financial position through the application of appropriate tax treatment, we will reduce the amounts of stated capital and capital reserves pursuant to Article 447, Paragraph 1 and Article 448, Paragraph 1 of the Companies Act and transfer them to other capital surplus. We will also transfer other capital surplus to accumulated retained earnings pursuant to Article 452 of the Companies Act to offset the deficit.」
As a subsequent event, the company disclosed a policy, effective 5 August 2022, to reduce stated capital by approximately ¥2.71 billion and capital reserves by approximately ¥2.67 billion and transfer approximately ¥5.38 billion to offset the deficit in accumulated retained earnings. Total net assets and the total number of issued shares will not change.