Eliminating Accumulated Losses Through Reductions in Stated Capital and Capital Reserves
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「Effective 1 July 2021, the company reduced capital of ¥2,213.552 million and capital reserves of ¥95.977 million and transferred the amounts to other capital surplus. On the same date, it reduced other capital surplus by ¥2,309.529 million, transferred the amount to retained earnings and applied it to cover the deficit.」
The reduction in capital and capital reserves effective 1 July 2021 and the coverage of the accumulated deficit continued to be disclosed as part of the current-period capital structure. - FY2022-Q3RestatedAnnual report
「Effective 1 July 2021, the company reduced capital of ¥2,213.552 million and capital reserves of ¥95.977 million and transferred the amounts to other capital surplus. On the same date, it reduced other capital surplus by ¥2,309.529 million, transferred the amount to retained earnings and applied it to cover the deficit.」
The reduction in capital and capital reserves effective 1 July 2021 and the coverage of the accumulated deficit continued to be disclosed in the financial position as of the quarter-end. - FY2022-Q1AchievedAnnual report
「Based on a resolution at the 115th Annual General Meeting of Shareholders held on 27 May 2021, the company reduced capital of ¥2,213.552 million and capital reserves of ¥95.977 million and transferred the amounts to other capital surplus, effective 1 July 2021. On the same date, it reduced other capital surplus by ¥2,309.529 million, transferred the amount to retained earnings and applied it to cover the deficit.」
The reductions in capital and capital reserves and the full coverage of the ¥2,309.529 million accumulated deficit through other capital surplus became effective on 1 July 2021, strengthening the company's financial position. - FY2021First statedAnnual report
「The purpose is to cover the current deficit in retained earnings and strengthen the financial position, while securing flexibility in future capital policies, including shareholder returns, with a view to resuming dividends at an early date.」
The company resolved a plan to reduce capital of ¥2,213,552,013 and capital reserves of ¥95,977,906 and fully eliminate the accumulated deficit of ¥2,309,529,919 through other capital surplus. The effective date is scheduled for 1 July 2021.