Covering an Accumulated Deficit and Increasing Capital Policy Flexibility through Reductions in Stated Capital and Capital Reserves
First written in FY2016. 2 of 4 entries say "Achieved", first in FY2017-Q1. Latest entry: FY2026-H1.
- FY2026-H1AchievedAnnual report
「Based on a resolution of the 27th Annual General Meeting of Shareholders held on 19 June 2025, the reduction of capital took effect on 1 August 2025. During the interim accounting period, stated capital and capital reserve each decreased by ¥961.089 million, while other capital surplus increased by ¥1,922.179 million. The increased other capital surplus of ¥1,922.179 million was applied to cover the deficit by transferring it to retained earnings carried forward.」
The planned reductions in stated capital and capital reserve and the application of funds to cover the deficit took effect on 1 August 2025 and were completed. - FY2025AdvancedAnnual report
「The company decided to reduce the amounts of its stated capital and capital reserve pursuant to Articles 447(1) and 448(1) of the Companies Act and dispose of surplus pursuant to Article 452, in order to eliminate the deficit in retained earnings currently arising, strengthen its financial position, create the conditions for future shareholder returns such as dividend payments and share repurchases, and ensure flexibility and agility in its future capital policy.」
At the General Meeting of Shareholders held on 19 June 2025, a plan was approved to reduce stated capital and capital reserve by ¥961,089,987 each and transfer the entire ¥1,922,179,974 in other capital surplus to cover the deficit. The effective date is scheduled for 1 August 2025. - FY2017-Q1AchievedAnnual report
「At the 18th Annual General Meeting of Shareholders held on 23 June 2016, the company received approval for reductions in stated capital and capital reserve and the disposition of surplus. The measures took effect on 1 August 2016.」
The reduction of stated capital and capital reserve by ¥6,574,636,705 each and the transfer of ¥13,149,273,410 in other capital surplus to cover the deficit took effect, completing the capital reduction and disposition of surplus. - FY2016First statedAnnual report
「The company decided to reduce the amounts of its stated capital and capital reserve pursuant to Articles 447(1) and 448(1) of the Companies Act and dispose of surplus pursuant to Article 452, in order to eliminate the deficit in retained earnings currently arising, strengthen its financial position, create the conditions for future shareholder returns such as dividend payments and share repurchases, and ensure flexibility and agility in its future capital policy.」
The company disclosed a plan, scheduled for 1 August 2016, to reduce stated capital and capital reserve by ¥6,574,636,705 each and apply ¥13,149,273,410 to cover the deficit.