Covering the Deficit in Retained Earnings Brought Forward by Reducing Capital Reserves
First written in FY2017. 1 of 2 entries say "Achieved", first in FY2018-Q1. Latest entry: FY2018-Q1.
127 other companies' latest entry also says "Achieved".
- FY2018-Q1AchievedAnnual report
「At the 24th Annual General Meeting of Shareholders held on 17 June 2017, the company submitted proposals to reduce capital reserves and appropriate retained earnings to eliminate the deficit in retained earnings carried forward and ensure flexibility in its future capital policy. The proposals were approved. As a result, capital reserves decreased by ¥2,061 million and retained earnings increased by the same amount.」
Following approval at the shareholders’ meeting, the reduction of capital reserves by ¥2,061 million and transfer to retained earnings were carried out, completing the capital policy aimed at eliminating the deficit in retained earnings carried forward. - FY2017First statedAnnual report
「As of the end of the fiscal year ended March 2017, the company had a deficit in retained earnings carried forward of ¥2,061.378 million. Accordingly, the company reduced its capital reserves and appropriated retained earnings to eliminate this deficit and ensure flexibility in its future capital policy.」
The company decided on a capital policy to reduce capital reserves of ¥2,061.378 million to cover the deficit in retained earnings carried forward, and the decision was approved at the shareholders’ meeting held on 17 June 2017.