Greater Flexibility in Capital Policy Through Reductions in Stated Capital and Capital Reserves
First written in FY2021-Q3. 2 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2024-Q1.
118 other companies' latest entry also says "Achieved".
- FY2024-Q1AchievedAnnual report
「The reduction took effect on 31 January 2024. During the first quarter of the current consolidated accounting period, ¥2,242,378 thousand of stated capital and ¥366,924 thousand of capital reserve were reversed and transferred to other capital surplus.」
The reduction of stated capital and capital reserve resolved in fiscal 2023 and the transfer to other capital surplus took effect and were implemented on 31 January 2024. - FY2023AdvancedAnnual report
「Based on the current state of the Company’s business and earnings, and to ensure flexibility and agility in its capital policy going forward, the Company resolved as follows at the 39th Annual General Meeting of Shareholders held on 18 January 2024, pursuant to Article 447, paragraph 1 and Article 448, paragraph 1 of the Companies Act.」
The Company resolved on a capital policy to reduce ¥2,242,378 thousand of stated capital of ¥2,342,378 thousand and ¥366,924 thousand of capital reserve, and transfer the amounts to other capital surplus. - FY2022-Q1AchievedAnnual report
「The reduction took effect on 31 January 2022. During the first quarter accounting period, other capital surplus of ¥2,373,057 thousand was reversed and transferred to retained earnings.」
The capital policy of reducing other capital surplus to cover the deficit in retained earnings brought forward took effect and was implemented on 31 January 2022. - FY2021AdvancedAnnual report
「To improve the financial condition at an early stage and prepare for a more agile and flexible capital policy going forward, the Company will reduce part of other capital surplus under Article 452 of the Companies Act and apply it to cover the deficit in retained earnings brought forward. Other capital surplus of ¥4,403,691,500 will be reduced by ¥2,373,057,000 to ¥2,030,634,500.」
Following a resolution at the shareholders’ meeting on 14 January 2022, the Company proceeded with the reduction of other capital surplus by ¥2,373,057,000 to cover the deficit in retained earnings brought forward. The effective date is stated as 31 January 2022. - FY2021-Q3First statedAnnual report
「To improve the financial condition at an early stage and prepare for a more agile and flexible capital policy going forward, the Company will reduce stated capital and capital reserve and transfer the amounts to other capital surplus, which forms part of the distributable amount. … The stated capital of ¥3,057,370 thousand after the private placement of the preferred shares will be reduced by ¥1,050,000 thousand to ¥2,007,370 thousand. The capital reserve of ¥3,353,691 thousand will be reduced by ¥3,353,691 thousand to ¥0.」
The Company states that it will improve its financial condition and prepare for an agile capital policy by reducing stated capital of ¥1,050 million and capital reserve of ¥3,353.691 million following the private placement of preferred shares and transferring the amounts to other capital surplus.