Reduction of Capital Reserve, Legal Reserve and Other Reserve and Transfer to Retained Earnings Carried Forward
First written in FY2017-Q1. 2 of 4 entries say "Achieved", first in FY2023-Q2. Latest entry: FY2024-Q1.
- FY2024-Q1AchievedAnnual report
「As the payment procedures were completed on 31 July 2023, the company hereby announces the following: 290 Class A shares; total issue price of ¥290,000,000.」
Payment for the issuance of class shares prepared from the previous fiscal year was completed on 31 July 2023. The company also reduced stated capital and the capital reserve, transferred the amounts to other capital surplus, and covered the deficit with retained earnings brought forward. - FY2023-Q2AchievedAnnual report
「Pursuant to a resolution of the Annual General Meeting of Shareholders held on 25 June 2022, the company carried out a capital reduction without compensation on 1 July 2022. As a result of this reduction and other measures, stated capital decreased by ¥1,410.530 million and other capital surplus increased by ¥1,410.530 million during the cumulative second quarter. At the end of the second quarter accounting period, stated capital was ¥100 million and other capital surplus was ¥2,213.193 million.」
The capital reduction without compensation disclosed in the previous filing was carried out on 1 July 2022, reducing stated capital from ¥1,510.530 million to ¥100 million. - FY2023-Q1AdvancedAnnual report
「The company will reduce its stated capital of ¥1,510.530 million by ¥1,410.530 million to ¥100 million. Effective date of the capital reduction: 1 July 2022. The purpose is to ensure flexibility and agility in future capital policy.」
The company resolved to implement, and carried out, a capital reduction without compensation, reducing stated capital from ¥1,510.530 million by ¥1,410.530 million to ¥100 million, as a capital structure measure to ensure flexibility and agility in capital policy. - FY2017-Q1First statedAnnual report
「Pursuant to a resolution of the 44th Annual General Meeting of Shareholders held on 19 June 2016, the company reduced its capital reserve by ¥802.663 million and transferred the same amount to other capital surplus on that date under Article 448, Paragraph 1 of the Companies Act. It also reduced the entire legal reserve and transferred it to retained earnings brought forward. In addition, under Article 452 of the Companies Act, it fully drew down the voluntary reserve and transferred it to retained earnings brought forward.」
On 19 June 2016, the company implemented capital structure measures to transfer the ¥802.663 million capital reserve, the entire legal reserve and the entire voluntary reserve.