Reorganization of capital and legal reserves to resume dividends at an early date
First written in FY2016. 6 of 9 entries say "Cited as achieved", first in FY2018-Q1. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2021: 2 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Cited as achieved".
- FY2024-Q1Cited as achievedAnnual report
「27 June 2023 Annual General Meeting of Shareholders Common shares 503 8.5 31 March 2023 28 June 2023 Retained earnings」
As a record of dividends after the early resumption of payments, the company paid a year-end dividend of ¥8.50 per share, for a total amount of ¥503 million, for the fiscal year ending March 2023. - FY2022Cited as achievedAnnual report
「28 June 2022 Annual General Meeting of Shareholders Common shares Retained earnings 828 14.0 31 March 2022 29 June 2022」
The record shows that, after resuming dividends at an early date, the company decided to pay a year-end dividend of ¥14 per share for the current fiscal year, for a total amount of ¥828 million. - FY2021-Q1Cited as achievedAnnual report
「25 June 2020 Annual General Meeting of Shareholders Common shares 355 6.00 31 March 2020 26 June 2020 Retained earnings」
As a record of dividends after the early resumption of payments, the company paid a year-end dividend of ¥6 per share for the fiscal year ending March 2020. - FY2020-Q1Cited as achievedAnnual report
「26 June 2019 Annual General Meeting of Shareholders Common shares 651 11.00 31 March 2019 27 June 2019 Retained earnings」
The record shows that a year-end dividend of ¥11 per share was paid after dividends were resumed at an early date. - FY2018Cited as achievedAnnual report
「Resolution date 28 June 2018 Annual General Meeting of Shareholders Total dividends ¥591 million Dividend per share ¥10.0」
After resuming dividends at an early date, the company again decided to pay a year-end dividend of ¥10 per share, recording continued and increased dividend payments. - FY2018-Q1Cited as achievedAnnual report
「29 June 2017 Annual General Meeting of Shareholders Common shares 384 6.50 31 March 2017 30 June 2017 Retained earnings」
The year-end dividend of ¥6.50 per share decided in the previous fiscal year was paid, with a total dividend of ¥384 million and an effective date of 30 June 2017. - FY2017AchievedAnnual report
「As operating income, ordinary income and net income attributable to owners of the parent all increased as a result of higher sales and cost improvements from management rationalization and other measures, we will pay a year-end dividend of ¥6.50 per share for the fiscal year.」
After reorganizing the capital and legal reserves and offsetting the deficit, the year-end dividend was set at ¥6.50 per share, and the objective of resuming dividends at an early date was realized through the actual resumption of dividend payments. - FY2017-Q1AdvancedAnnual report
「Pursuant to a resolution at the 56th Annual General Meeting of Shareholders held on 29 June 2016, we reduced the amounts of the capital reserve and legal reserve as of that date pursuant to Article 448, Paragraph 1 of the Companies Act and transferred them to other capital surplus and retained earnings brought forward, respectively. We also transferred other capital surplus to retained earnings brought forward pursuant to Article 452 of the Companies Act, thereby offsetting the deficit. As a result, during the current first quarter of the consolidated cumulative period, capital surplus decreased by ¥5,435 million and retained earnings increased by the same amount.」
As a prerequisite for resuming dividends at an early date, the company reduced its capital and legal reserves, transferred surplus and offset the deficit. - FY2016First statedAnnual report
「To offset the deficit in retained earnings brought forward, ensure flexibility in future capital policy and resume dividends at an early date, we will reduce the amounts of the capital reserve and legal reserve pursuant to Article 448, Paragraph 1 of the Companies Act and transfer them to other capital surplus and retained earnings brought forward, respectively. In addition, pursuant to Article 452 of the Companies Act, we will transfer other capital surplus to retained earnings brought forward.」
The reduction of the capital and legal reserves and the transfer of surplus approved after filing are being used to offset the deficit, ensure flexibility in capital policy and facilitate an early resumption of dividends.