Improving financial soundness through a reduction in capital and capital reserves and a disposition of retained earnings
First written in FY2022-Q3. 2 of 3 entries say "Achieved", first in FY2022. Latest entry: FY2023-Q1.
- FY2023-Q1AchievedAnnual report
「At a meeting of the Board of Directors held on 16 November 2022, the Company resolved to submit a proposal concerning the reduction of the amounts of stated capital and capital reserves and the disposition of retained earnings to the 12th Annual General Meeting of Shareholders held on 23 December 2022. The proposal was approved at the meeting, and took effect on 7 February 2023.」
The additional reduction of capital and capital reserves and deficit offsetting were approved at the general meeting of shareholders and took effect on 7 February 2023. - FY2022AchievedAnnual report
「Stated capital decreased by ¥575 million following the resolution on the reduction of capital at the extraordinary general meeting of shareholders held in August 2022. Retained earnings decreased by ¥177 million as a result of recording a net loss for the fiscal year and offsetting the deficit.」
The planned reduction of capital and capital reserves and deficit offsetting as of the third quarter were carried out. Stated capital was reduced by ¥600.804 million and capital reserves by ¥81.816 million. - FY2022-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 15 June 2022, the Company resolved to submit a proposal concerning the reduction of the amounts of stated capital and capital reserves and the disposition of retained earnings to the extraordinary general meeting of shareholders scheduled for 31 August 2022.」
To improve financial soundness and secure flexibility and agility in future capital policy, the Company first disclosed a plan to reduce stated capital by ¥600,804,280 and capital reserves by ¥81,816,106, transfer ¥682,620,386 from other capital surplus to retained earnings, and offset the deficit. The extraordinary general meeting of shareholders was scheduled for 31 August 2022.