Ensuring Flexibility in Capital Policy Through a Reduction of Capital Stock and Capital Reserve
First written in FY2024. 1 of 2 entries say "Advanced", first in FY2024. Latest entry: FY2025-H1.
122 other companies' latest entry also says "Achieved".
- FY2025-H1AchievedAnnual report
「Pursuant to resolutions at the Annual General Meeting of Shareholders held on 25 June 2024 and Articles 447, paragraph 1, and 448, paragraph 1, of the Companies Act, the Company reduced capital by ¥2,568 million and capital reserves by ¥1,185 million and transferred the full amounts to other capital surplus to secure flexibility and agility in future capital policy. As a result, at the end of the current interim consolidated accounting period, capital was ¥60 million and capital reserves were ¥15 million. The reduction ratio for capital was 97.7%.」
The previously announced reduction in capital and capital reserves became effective on 1 August 2024, completing the transfer to capital of ¥60 million and capital reserves of ¥15 million. - FY2024AdvancedAnnual report
「The reduction in the amounts of capital and capital reserves is intended to maintain the soundness of the Company's financial position through the application of an appropriate tax regime suited to its current business scale, and to secure flexibility and agility in future capital policy.」
The reduction of capital from ¥2,628 million to ¥60 million and capital reserves from ¥1,200 million to ¥15 million, with the amounts transferred to other capital surplus, had progressed through approval by the General Meeting of Shareholders. The effective date was scheduled for 1 August 2024.