Flexible capital policy and stronger financial soundness through a capital reduction
First written in FY2022-Q3. 1 of 2 entries say "Achieved", first in FY2022. Latest entry: FY2022.
118 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「At a Board of Directors meeting held on 26 November 2021, the company resolved to submit a proposal concerning a reduction in stated capital to the extraordinary general meeting of shareholders scheduled for 10 February 2022. The proposal was approved at the extraordinary general meeting, and the reduction took effect on 10 February 2022.」
The reduction in stated capital was completed, from ¥1,529.459 billion to ¥100 million, following approval and taking effect. - FY2022-Q3First statedAnnual report
「At a Board of Directors meeting held on 26 November 2021, the company resolved to submit a proposal concerning a reduction in stated capital to the extraordinary general meeting of shareholders scheduled for 10 February 2022. Of stated capital of ¥1,529.459 million, ¥1,429.459 million will be reduced, leaving stated capital of ¥100 million.」
The company resolved to reduce stated capital by transferring ¥1,429.459 billion of stated capital to other capital surplus, reducing stated capital to ¥100 million, with the aim of implementing a more agile and flexible capital policy and strengthening financial soundness through the appropriate application of tax rules. Total net assets will not change.