Tay Two (7610) · InitiativeAchieved
Reducing capital reserves and appropriating surplus to eliminate accumulated deficits and preserve room for shareholder returns
First written in FY2020. 1 of 2 entries say "Achieved", first in FY2021-Q1. Latest entry: FY2021-Q1.
2entries
1years
0from disclosures
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Same theme, other companies
Capital Policy and Dividend Preparation through Capital Reduction and Deficit EliminationA theme 287 companies write about · 1 as a headwind · 286 as a tailwind
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Showing 14 of the 200 companies compared. The sentences above are computed from all 200.Comparing 200 of the theme's 289 threads.Full recordFilings, disclosures and news, newest first
- FY2021-Q1AchievedAnnual report
「At a meeting of the Board of Directors held on 21 April 2020, we resolved to submit proposals concerning the reduction of the capital reserve and the disposal of retained earnings to the 30th Annual General Meeting of Shareholders held on 28 May 2020. The proposals were approved at that meeting and became effective on 2 July 2020.」
It is stated that the full reduction of the ¥1,249.18 million capital reserve and the disposal of retained earnings were completed upon approval at the General Meeting of Shareholders and became effective on 2 July 2020. - FY2020First statedAnnual report
「We will reduce the amount of the capital reserve and dispose of retained earnings in order to cover the deficit in other retained earnings, enable future shareholder returns such as dividend payments and share repurchases, and improve the flexibility and agility of our capital policy.」
We are proceeding with a plan to reduce the entire ¥1,249.18 million capital reserve and cover the ¥199.728 million deficit in other retained earnings, with 2 July 2020 as the effective date. The stated purpose is to secure room in our capital policy for future dividends and share repurchases.