Reduction of Stated Capital to Secure Flexibility and Agility in Capital Policy
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q2. Latest entry: FY2022-Q2.
38 other companies' latest entry also says "Achieved".
- FY2022-Q2AchievedAnnual report
「Pursuant to the resolution of the 12th annual shareholders’ meeting held on 25 February 2022, the capital reduction became effective on 8 April 2022 under Article 447, paragraph 1 of the Companies Act. Capital was reduced by ¥449.796 million, with the full amount transferred to other capital surplus, to provide greater flexibility and agility in future capital policy. (Capital reduction ratio: 90.0%)」
The planned capital reduction was implemented on 8 April 2022, reducing capital by ¥449.796 million, or 90.0%, to ¥50 million. - FY2021First statedAnnual report
「This measure will be implemented as part of the financial strategy to ensure flexibility and agility in capital policy. Of the capital of ¥499,796,625 as of 30 November 2021, ¥449,796,625 will be reduced, leaving ¥50,000,000. The effective date of the capital reduction is scheduled for 8 April 2022.」
Following approval at the shareholders’ meeting in February 2022, the Company disclosed a plan to reduce capital from approximately ¥499.8 million to ¥50 million without changing the total number of issued shares.