Hurxley Holdings (7561) · InitiativeAchieved
Securing Flexibility and Agility in Capital Policy by Reducing the Capital Reserve
First written in FY2017. 1 of 2 entries say "Achieved", first in FY2018-Q1. Latest entry: FY2018-Q1.
2entries
1years
0from disclosures
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Same theme, other companies
Transfer to Other Capital Surplus Through Capital Reduction and Capital Structure ReorganizationA theme 203 companies write about · 0 as a headwind · 186 as a tailwind
118 other companies' latest entry also says "Achieved".
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Showing 14 of the 198 companies compared. The sentences above are computed from all 198.Comparing 200 of the theme's 206 threads.Full recordFilings, disclosures and news, newest first
- FY2018-Q1AchievedAnnual report
「At the 39th Annual General Meeting of Shareholders held on 21 June 2017, the Company approved a reduction in the capital reserve as described below, which took effect on 31 July 2017. Of the ¥3,906,288,668 capital reserve, ¥3,027,551,303 will be reduced.」
The reduction of ¥3,027,551,303 in the capital reserve and its transfer to other capital surplus, aimed at securing flexibility and agility in capital policy, took effect on 31 July 2017. - FY2017First statedAnnual report
「To secure flexibility and agility in future capital policy, the Company will reduce part of its capital reserve pursuant to Article 448, Paragraph 1 of the Companies Act and transfer the same amount to other capital surplus. Of the ¥3,906,288,668 capital reserve, ¥3,027,551,303 will be reduced.」
Following a resolution of the Board of Directors on 10 May 2017 and approval at the shareholders' meeting on 21 June of the same year, the Company disclosed procedures to transfer ¥3,027,551,303 from the capital reserve to other capital surplus.