Deficit Coverage through Reduction of Capital Reserve and Appropriation of Surplus
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2020-Q3.
- FY2020-Q3RestatedAnnual report
「At the 59th Annual General Meeting of Shareholders held on 29 May 2019, the company resolved to reduce its capital reserve and appropriate its surplus, and the resolutions took effect on 2 July 2019.」
The company is restating that the reduction in capital reserve and appropriation of surplus took effect on 2 July 2019. - FY2020-Q2RestatedAnnual report
「At the 59th Annual General Meeting of Shareholders held on 29 May 2019, the company resolved to reduce its capital reserve and appropriate its surplus, and the resolutions took effect on 2 July 2019.」
The company is restating that the reduction in capital reserve and appropriation of surplus took effect on 2 July 2019. - FY2020-Q1AchievedAnnual report
「At the 59th Annual General Meeting of Shareholders held on 29 May 2019, the company resolved to reduce its capital reserve and appropriate its surplus, and the resolutions took effect on 2 July 2019.」
The company reports that the full reduction of the ¥270 million capital reserve and the transfer of ¥535,580,391 of surplus to retained earnings brought forward, which had been decided in the previous period, took effect on 2 July 2019. - FY2019First statedAnnual report
「The company will reduce the amount of its capital reserve and transfer it to other capital surplus under Article 448, Paragraph 1 of the Companies Act, with the aim of covering the existing deficit in retained earnings other than retained earnings brought forward, strengthening its financial position, and securing flexibility and agility in future capital policies. Subject to the reduction in capital reserve taking effect, it will then transfer other capital surplus to retained earnings brought forward under Article 452 of the Companies Act, and transfer the reserve for reduction of fixed assets and the special reserve to retained earnings brought forward.」
The company has resolved to reduce the entire ¥270 million capital reserve and transfer ¥535,580,391 of other capital surplus and other amounts to retained earnings brought forward, as measures to eliminate the accumulated deficit and secure flexibility in capital policy. The effective date is scheduled for 2 July 2019.