Covering the Deficit, Strengthening the Financial Position, and Establishing a Framework for Early Resumption of Dividends
First written in FY2016. 6 of 11 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「Based on a resolution at the Extraordinary General Meeting of Shareholders held on 28 March 2025, the company reduced the ¥23 million increase in stated capital and the ¥23 million increase in capital reserves resulting from a third-party allotment, respectively, and transferred the reduced amounts to other capital surplus, with no resulting change in net assets.」
The company reduced the ¥23 million increases in stated capital and capital reserves resulting from the third-party allotment and transferred the amounts to other capital surplus. The company has implemented measures to improve its financial base and capital structure. - FY2024AdvancedAnnual report
「The company had been considering measures to strengthen its financial base and secure liquidity on hand, and raised ¥46 million in April 2024 through the issuance of new shares to address these needs. The company will consider raising funds as necessary for a future change in its business model and business expansion resulting from that change, with the aim of further enhancing and strengthening its financial base.」
On 26 April 2024, after the end of the fiscal year, the company issued 65,100 new shares through a third-party allotment and raised ¥46,741,800. The funds were used for working capital, and the company reaffirms its policy of using funding as necessary for a change in its business model and business expansion. - FY2023AdvancedAnnual report
「Based on a resolution at the Extraordinary General Meeting of Shareholders held on 30 March 2023, the company reduced the ¥49 million increase in stated capital and the ¥49 million increase in capital reserves resulting from a third-party allotment, respectively, and transferred the reduced amounts to other capital surplus, with no resulting change in net assets.」
The company reduced the ¥49 million increase in stated capital and the ¥49 million increase in capital reserves resulting from the third-party allotment and transferred the amounts to other capital surplus. The company describes concrete implementation of measures to improve its financial base and capital structure. - FY2022AdvancedAnnual report
「Based on a resolution at the Extraordinary General Meeting of Shareholders held on 30 March 2022, the company reduced stated capital by ¥1,097 million and transferred the amount to other capital surplus, then transferred ¥795 million of the resulting other capital surplus to retained earnings brought forward to offset the deficit, with no resulting change in net assets.」
The company reduced stated capital by ¥1,097 million, transferred the amount to other capital surplus, and offset ¥795 million of the deficit on 30 March 2022. The deficit offset was completed, but no early resumption of dividends was stated. - FY2022-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 31 January 2022, the company resolved to submit a proposal to the Extraordinary General Meeting of Shareholders scheduled for 30 March 2022 concerning a reduction in stated capital and the appropriation of surplus as follows. Of the stated capital of ¥1,197,609,241, ¥1,097,609,241 will be reduced, leaving ¥100,000,000. The total number of issued shares will remain unchanged, and the entire reduction in stated capital will be transferred to other capital surplus.」
For the purpose of offsetting the deficit and maintaining a sound financial condition, the Board of Directors resolved to reduce stated capital by approximately ¥1,097 million to ¥100 million and, after transferring the amount to other capital surplus, transfer ¥795,266,340 to retained earnings brought forward. Both the Extraordinary General Meeting of Shareholders and the effective date were scheduled for 30 March 2022, and the measures had not yet been implemented. - FY2019RestatedAnnual report
「Based on a resolution at the Annual General Meeting of Shareholders held on 29 June 2016, the company reduced stated capital by ¥822,018 thousand and appropriated the amount to offset the deficit.」
The company reaffirms as completed the reduction of stated capital by ¥822,018 thousand and its appropriation to offset the deficit. - FY2018RestatedAnnual report
「Based on a resolution at the Annual General Meeting of Shareholders held on 29 June 2016, the company reduced stated capital by ¥822,018 thousand and appropriated the amount to offset the deficit.」
The company reaffirms as completed the reduction of stated capital by ¥822,018 thousand and its appropriation to offset the deficit. - FY2017RestatedAnnual report
「Based on a resolution at the Annual General Meeting of Shareholders held on 29 June 2016, stated capital decreased by ¥822 million and retained earnings brought forward increased by ¥821 million on 5 August 2016, with no resulting change in net assets.」
The company reaffirms as completed the offsetting of the deficit through a ¥822 million reduction in stated capital and a ¥821 million increase in retained earnings brought forward. - FY2017-Q3RestatedAnnual report
「Based on a resolution at the Annual General Meeting of Shareholders held on 29 June 2016, stated capital decreased by ¥822 million and retained earnings brought forward increased by ¥821 million on 5 August 2016, with no resulting change in net assets.」
The company reaffirms as completed the offsetting of the deficit through a ¥822 million reduction in stated capital and a ¥821 million increase in retained earnings brought forward. - FY2017-Q1AdvancedAnnual report
「At the 24th Annual General Meeting of Shareholders held on 29 June 2016, the company approved a reduction in stated capital and the appropriation of surplus, which became effective on 5 August 2016.」
The reduction of stated capital by ¥822,018,830 and the transfer of ¥821,987,078 of other capital surplus to retained earnings brought forward became effective. This represented concrete progress toward offsetting the deficit and improving the financial condition, but no early resumption of dividends was stated. - FY2016First statedAnnual report
「To offset the deficit currently incurred, improve its financial condition, and enable flexible capital policies and the early resumption of dividends, the company will reduce its stated capital pursuant to Article 447, Paragraph 1 of the Companies Act.」
The company disclosed a plan to reduce stated capital by ¥822,018,830 and transfer ¥821,987,078 of other capital surplus to retained earnings brought forward. The effective date was scheduled for 5 August 2016.