Covering Accumulated Losses Through Transfers from Capital and Legal Reserves
First written in FY2018. 1 of 2 entries say "Achieved", first in FY2019-Q1. Latest entry: FY2019-Q1.
- FY2019-Q1AchievedAnnual report
「Pursuant to a resolution of the 68th Annual General Meeting of Shareholders held on 26 June 2018, effective 27 June 2018, the company reduced the entire ¥750 million capital reserve and the entire ¥77 million legal reserve and transferred the corresponding amounts to other capital surplus and retained earnings brought forward. In addition, the entire amount of other capital surplus remaining after the transfer from the capital reserve was transferred to retained earnings brought forward.」
The capital reserve of ¥750 million and legal reserve of ¥77 million were reduced, and the transfer to retained earnings brought forward through other capital surplus was implemented effective 27 June 2018. - FY2018First statedAnnual report
「The company will reduce the amounts of the capital reserve and legal reserve and dispose of surplus to cover the deficit in retained earnings brought forward and secure flexibility and agility in its future financial strategy.」
A resolution was approved to transfer ¥750 million from the capital reserve and ¥77 million from the legal reserve, and to transfer ¥750 million from other capital surplus to retained earnings brought forward. The effective date was set as 27 June 2018.