Offsetting accumulated losses through reductions in capital reserves and appropriation of surplus
First written in FY2021-Q1. 5 of 10 entries say "Advanced", first in FY2022-Q3. Latest entry: 2026-06-24.
- 2026-06-24RestatedGeneral Meeting of Shareholders
「Proposal No. 3: Reduction of stated capital and capital reserves and disposal of surplus Stated capital and capital reserves will be reduced, and other capital surplus will be transferred to retained earnings.」
資本金・資本準備金の減少および剰余金処分の計画が株主総会で承認可決された。効力発生・欠損填補の完了ではないため、元のcanonical threadは変更しない。 - FY2026AdvancedAnnual report
「The company will reduce its stated capital and capital reserves and dispose of surplus in order to improve its financial position through the elimination of the deficit in retained earnings and secure flexibility in future capital policies.」
The company resolved a plan to reduce capital of ¥4,820 million and capital reserves of ¥48,160 million, and to apply other capital surplus to cover the deficit in retained earnings brought forward. The effective date is scheduled for 31 March 2027. - FY2022AchievedAnnual report
「Effective 31 March 2022, the company transferred ¥220,662 million of its stated capital and the entire ¥30,200 million capital reserve to other capital surplus, respectively, and transferred part of the increased other capital surplus to retained earnings.」
The company implemented a reduction of ¥220,662 million in stated capital and ¥30,200 million in capital surplus, together with the elimination of ¥288,193 million in accumulated deficits, effective 31 March 2022. - FY2022-Q3AdvancedAnnual report
「Of the ¥215,222 million in stated capital, ¥215,122 million will be reduced, with the entire reduction transferred to other capital surplus. The entire ¥24,660 million in capital reserves will be reduced, with the entire reduction transferred to other capital surplus. Of other capital surplus, ¥282,739 million will be transferred to retained earnings brought forward to eliminate the deficit in retained earnings brought forward. The effective date is scheduled for 31 March 2022.」
Following the previous appropriation of capital reserves to offset accumulated losses, the company resolved to reduce capital of ¥215,122 million and capital reserves of ¥24,660 million and use ¥282,739 million to offset the deficit in retained earnings brought forward. - FY2022-Q1RestatedAnnual report
「There were no dividend payments during the cumulative period of the first quarter of the consolidated fiscal year.」
It can be confirmed that the company remains without a dividend, but no new changes to its shareholder return policy have been stated. - FY2021-Q2AchievedAnnual report
「Effective 26 August 2020, pursuant to Article 448, paragraph 1 of the Companies Act, the Company transferred the entire capital reserve of ¥217,547 million to other capital surplus. Pursuant to Article 452 of the Companies Act, it also transferred ¥217,547 million of the increased other capital surplus to retained earnings.」
The company transferred the entire ¥217,547 million in capital surplus and applied the full amount to cover the deficit in retained earnings carried forward. - FY2021-Q1First statedAnnual report
「The company will reduce the amount of capital surplus and dispose of surplus in order to strengthen its financial position by eliminating the deficit in retained earnings, secure flexibility in future capital policies, and reduce its tax burden through the reduction in capital surplus.」
The company disclosed for the first time a capital policy involving a full reduction of ¥217,547 million in capital reserves, its transfer to other capital surplus, and the use of part of that surplus to offset the deficit in retained earnings. The change took effect on 26 August 2020 and was intended to strengthen the financial position and ensure flexibility in capital policy.