Capital Reduction and Disposition of Surplus to Cover Deficit
First written in FY2024. 1 of 2 entries say "Achieved", first in FY2025-H1. Latest entry: FY2025-H1.
- FY2025-H1AchievedAnnual report
「At the annual general meeting of shareholders held on 24 December 2024, the Company approved reductions in stated capital, capital reserve and legal reserve and an appropriation of surplus, which became effective on 31 January 2025. As a result, stated capital decreased by ¥5,205 million and capital reserve by ¥15,797 million, with the amounts transferred to other capital surplus, while legal reserve decreased by ¥370 million, with the amount transferred to retained earnings.」
The capital reduction and appropriation of surplus to eliminate the accumulated deficit announced in FY2024 became effective on 31 January 2025. Stated capital, capital reserve and other amounts were transferred to cover the accumulated deficit in retained earnings. - FY2024First statedAnnual report
「The Company reported an accumulated deficit in retained earnings of ¥5,265 million in its financial statements for the fiscal year ended September 2024. To eliminate this deficit, strengthen its financial position, and secure flexibility and agility in future capital policies, the Company reduced the amounts of stated capital, capital reserve and legal reserve and appropriated surplus.」
Against an accumulated deficit in retained earnings of ¥5,265 million, the Company presented a plan to reduce stated capital, capital reserve and legal reserve, and transfer ¥4,659 million from other capital surplus to cover part of the deficit.