Establishing a Financial Structure That Enables Dividend Resumption Through Capital Reduction and Deficit Offset
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q2. Latest entry: FY2022-Q2.
127 other companies' latest entry also says "Achieved".
- FY2022-Q2AchievedAnnual report
「Based on a resolution of the 33rd Annual General Meeting of Shareholders held on 27 July 2021, the company carried out a capital reduction without compensation and a disposition of surplus to eliminate the deficit, with 31 August 2021 as the effective date.」
On 31 August 2021, the company carried out a capital reduction without compensation and a disposition of surplus to eliminate the deficit. Stated capital decreased by ¥463,109 thousand and capital surplus by ¥576,654 thousand, while retained earnings increased by ¥1,039,764 thousand, resulting in retained earnings of ¥15,463 thousand at period-end. - FY2021First statedAnnual report
「The company reduced its stated capital and capital reserve and transferred the amounts to other capital surplus. It then transferred the increased other capital surplus to retained earnings brought forward pursuant to Article 452 of the Companies Act, eliminating the deficit and establishing a structure that enables the resumption of dividend payments.」
At the general meeting of shareholders, the company approved a capital policy to reduce stated capital of ¥463,109,506 and capital reserve of ¥655,558,691 and use other capital surplus of ¥1,118,668,197 to eliminate the deficit carried forward. It newly indicated that it was establishing a financial structure that would enable dividend payments to resume after eliminating the deficit.