Securing Flexibility and Agility in Capital Policy and Reducing Tax Burden Through a Capital Reduction Without Consideration
First written in FY2021-Q1. 1 of 3 entries say "Achieved", first in FY2021-Q2. Latest entry: FY2023-Q2.
17 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「Stated capital (¥ millions) 100」
Stated capital is ¥100 million, and the amount following the capital reduction without compensation remains unchanged. - FY2021-Q2AchievedAnnual report
「Pursuant to a resolution at the annual shareholders' meeting held on 25 June 2020, we transferred ¥3,973 million in stated capital to other capital surplus effective 28 July 2020. As a result, stated capital stood at ¥100 million at the end of the cumulative second quarter of the consolidated fiscal period under review.」
The capital reduction without compensation was carried out effective 28 July 2020. As a result of transferring ¥3,973 million in stated capital to other capital surplus, stated capital became ¥100 million. - FY2021-Q1First statedAnnual report
「In light of the recent spread of COVID-19, the company will reduce its stated capital pursuant to Article 447, paragraph 1 of the Companies Act in order to secure flexibility and agility in its future capital policy and reduce its tax burden.」
Approved at the shareholders' meeting held on 25 June 2020 and effective on 28 July 2020, ¥3,973,273,553 of the ¥4,073,273,553 in stated capital was reduced without compensation and transferred to other capital surplus.