Securing flexibility in capital policy through a reduction in stated capital
First written in FY2024. 1 of 2 entries say "Achieved", first in FY2025-Q1. Latest entry: FY2025-Q1.
38 other companies' latest entry also says "Achieved".
- FY2025-Q1AchievedAnnual report
「At a Board of Directors meeting held on 17 April 2024, the Company resolved to submit a proposal to reduce stated capital to the 62nd Annual General Meeting of Shareholders held on 24 May 2024. The proposal was submitted to and approved by that meeting, and the reduction took effect on 30 June 2024.」
The reduction of stated capital from ¥2,424,398,598 to ¥100 million took effect on 30 June 2024 following approval at the general meeting of shareholders. - FY2024First statedAnnual report
「To ensure flexibility and agility in future capital policy and maintain the soundness of its financial position through the application of an appropriate tax regime suited to its current business scale, the Company will reduce its stated capital pursuant to Article 447, paragraph 1 of the Companies Act and transfer the reduction to other capital surplus. Of the stated capital of ¥2,524,398,598, ¥2,424,398,598 will be reduced and transferred to other capital surplus, leaving stated capital of ¥100,000,000.」
At the annual general meeting of shareholders held on 24 May 2024, a resolution was approved to reduce stated capital of ¥2,424,398,598 and leave stated capital at ¥100 million. The reduction was scheduled to take effect on 30 June 2024, with no impact on the total number of shares issued, net assets or net assets per share.