Covering the deficit through reductions in stated capital and capital reserves, and establishing a framework for an early resumption of dividend payments
First written in FY2021. 2 of 4 entries say "Advanced", first in FY2022-Q1. Latest entry: 2026-05-01.
23 other companies' latest entry also says "Advanced".
- 2026-05-01AdvancedGeneral Meetings of Shareholders
「To achieve an early resumption of dividend payments and build a financial foundation that will enable flexible capital and dividend policies over the long term, the Company will make up for its accumulated deficit by reducing other capital surplus and transferring it to retained earnings carried forward pursuant to Article 452 of the Companies Act.」
The establishment of a framework for an early resumption of dividend payments through the elimination of the accumulated deficit was formalized as an agenda item for the annual general meeting of shareholders. No dividend resumption was implemented in this disclosure. - FY2022-Q2AchievedAnnual report
「The Company’s Board of Directors resolved at its meeting held on 21 April 2021 to submit proposals concerning reductions in stated capital and the capital reserve and the disposition of surplus to the ninth annual general meeting of shareholders held on 26 May 2021. The proposals were approved at that meeting and became effective on 10 July 2021. Stated capital was reduced by ¥576.038 million and the capital reserve by ¥1,179.472 million, while ¥121.327 million was transferred from other capital surplus to retained earnings brought forward and allocated to offset the deficit.」
The reduction in stated capital and the capital reserve and the disposition of surplus were approved at the shareholders’ meeting and became effective on 10 July 2021. The deficit-offsetting procedures were completed, but this filing does not indicate that dividends were actually resumed early. - FY2022-Q1AdvancedAnnual report
「The purpose is to offset the deficit in retained earnings currently arising at the Company, ensure the soundness of its financial position and establish a framework for an early resumption of dividends, while preparing for flexible capital policies going forward, securing flexibility in its financial strategy and enhancing corporate value.」
The reduction in stated capital and the capital reserve and the disposition of surplus were approved at the annual general meeting of shareholders on 26 May 2021, and procedures progressed toward the effective date of 10 July 2021. - FY2021First statedAnnual report
「The purpose is to offset the deficit in retained earnings currently arising at the Company, ensure the soundness of its financial position and establish a framework for an early resumption of dividends, while preparing for flexible capital policies going forward, securing flexibility in its financial strategy and enhancing corporate value. Effective date: 10 July 2021 (scheduled).」
A plan to reduce stated capital by ¥576,037,860 and the capital reserve by ¥1,179,472,000, and transfer ¥121,327,018 from other capital surplus to retained earnings brought forward to offset the deficit, was approved at the shareholders’ meeting held after the filing was submitted.