Ensuring flexibility in capital policy through a reduction in capital reserve
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2018-Q2.
118 other companies' latest entry also says "Achieved".
- FY2018-Q2AchievedAnnual report
「At the 44th Annual General Meeting of Shareholders held on 29 November 2017, a resolution was passed to reduce the capital reserve in full and transfer the same amount to other capital surplus, and the transfer was completed on 28 February 2018.」
The ¥963 million capital reserve was reduced in full and transferred to other capital surplus on 28 February 2018, completing the plan. - FY2018-Q1RestatedAnnual report
「At the 44th Annual General Meeting of Shareholders held on 29 November 2017, a resolution was passed to reduce the capital reserve in full and transfer the same amount to other capital surplus.」
The previously approved reduction of the capital reserve in full and its transfer to other capital surplus was reconfirmed. - FY2017First statedAnnual report
「To secure flexibility and agility in future capital policy, the company will reduce its capital reserve in full pursuant to Article 448, paragraph 1 of the Companies Act and transfer the same amount to other capital surplus.」
The plan to reduce the ¥963 million capital reserve in full and transfer it to other capital surplus was approved at the Annual General Meeting of Shareholders. The effective date was scheduled for 28 February 2018.