Reduction of Capital and Other Amounts, Disposition of Surplus, and Change in Share Unit
First written in FY2016. 1 of 3 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2017-Q2.
- FY2017-Q2AchievedAnnual report
「Effective 1 October 2016, the Company carried out a 10-for-1 consolidation of its common shares and amended its Articles of Incorporation to change the number of shares constituting one trading unit from 1,000 to 100. As a result, as of the filing date, the number of issued shares had decreased by 57,473,748 to 6,385,972.」
The share consolidation and change in the number of shares constituting one trading unit from 1,000 to 100 were implemented, and the number of issued shares became 6,385,972. The reduction of capital and other items and elimination of the accumulated deficit had already been implemented as of 1 August 2016. - FY2017-Q1AdvancedAnnual report
「At the 115th annual general meeting of shareholders held on 22 June 2016, approval was granted for a 10-for-1 consolidation of the shares issued by the Company and for an amendment to the Articles of Incorporation to reduce the total number of authorized shares by 99,000,000 to 11,000,000, effective on the effective date of the share consolidation, 1 October 2016.」
The share consolidation and reduction in the total number of authorized shares were approved at the annual general meeting of shareholders. An amendment to the Articles of Incorporation changing the number of shares constituting one trading unit from 1,000 to 100 was also approved. - FY2016First statedAnnual report
「The number of shares constituting one trading unit of the Company's common stock will be changed from 1,000 shares to 100 shares.」
In addition to reducing stated capital, the capital reserve and the legal retained earnings reserve and eliminating the accumulated deficit through an appropriation of surplus, the plan provides for a 10-for-1 share consolidation effective 1 October 2016 and a change in the number of shares constituting one trading unit from 1,000 to 100.