Covering Accumulated Deficits through Capital Reduction and Appropriation of Surplus
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2020-Q3.
15 other companies' latest entry also says "Restated".
- FY2020-Q3RestatedAnnual report
「Based on the resolution of the annual shareholders’ meeting held on 26 September 2019, the reduction in capital became effective on 1 November 2019. During the cumulative third quarter consolidated accounting period, stated capital was reduced by ¥1,035.010 million and capital reserve by ¥1,240.745 million, with each amount transferred to other capital surplus. Of the other capital surplus after the transfer, ¥1,714.767 million was reversed and transferred to retained earnings brought forward to compensate for the deficit.」
This restates that the reduction in capital and deficit compensation through the appropriation of surplus became effective on 1 November 2019, together with the amounts transferred. - FY2020-Q2RestatedAnnual report
「Following the resolution at the 63rd annual shareholders’ meeting held on 26 September 2019 concerning reductions in stated capital, capital reserve and legal reserve and the appropriation of surplus, the changes became effective on 1 November 2019.」
This reiterates that the reduction in stated capital, capital reserve and legal reserve and deficit compensation through the appropriation of surplus became effective on 1 November 2019. - FY2020-Q1AchievedAnnual report
「Following the resolution at the 63rd annual shareholders’ meeting held on 26 September 2019 concerning reductions in stated capital, capital reserve and legal reserve and the appropriation of surplus, the changes became effective on 1 November 2019.」
The reduction in stated capital, capital reserve and legal reserve and deficit compensation through the appropriation of surplus became effective on 1 November 2019. - FY2019First statedAnnual report
「The purpose is to compensate for the deficit in retained earnings brought forward, improve the financial position, and secure flexibility and agility in capital policy, including shareholder returns.」
Stated capital of ¥1,035.010 million, capital reserve of ¥1,240.745 million, and legal reserve of ¥101.000 million will be reduced, and the resulting surplus will be transferred to retained earnings brought forward to compensate for the deficit. The resolution was approved at the shareholders’ meeting on 26 September 2019, with the effective date set as 1 November 2019.