Reduction of Stated Capital and Capital Reserves and Coverage of Accumulated Deficit
First written in FY2021. 4 of 7 entries say "Advanced", first in FY2023. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The company reduced stated capital and capital surplus by ¥814 million each pursuant to Article 447, Paragraph 1 and Article 448, Paragraph 1 of the Companies Act and transferred the same amounts to other capital surplus.」
Including reductions of ¥750 million each in stated capital and capital surplus following the issuance of Class E preferred shares, the company implemented total reductions and transfers of ¥814 million each. - FY2026-H1AchievedAnnual report
「Based on a resolution of the shareholders meeting held on 27 June 2025, the company reduced stated capital and capital surplus by ¥64 million each as of 27 June 2025 pursuant to Article 447, Paragraph 1 and Article 448, Paragraph 1 of the Companies Act, and transferred the same amounts to other capital surplus.」
The company implemented the reduction of stated capital and capital surplus by ¥64 million each resolved on 27 June 2025 and transferred the amounts to other capital surplus. - FY2025AdvancedAnnual report
「At the annual general meeting of shareholders held on 27 June 2025, the company resolved to reduce stated capital and capital surplus by ¥64 million each and transfer the full amounts to other capital surplus.」
As an additional capital policy measure, the company reduced stated capital and capital surplus by ¥64 million each and transferred the amounts to other capital surplus. - FY2025-H1AdvancedAnnual report
「As of 27 June 2024, pursuant to Article 447, Paragraph 1 and Article 448, Paragraph 1 of the Companies Act, the company reduced stated capital and capital surplus by ¥116 million each and transferred the same amounts to other capital surplus.」
As an additional capital policy measure, the company reduced stated capital and capital surplus by ¥116 million each as of 27 June 2024 and transferred the amounts to other capital surplus. - FY2023AdvancedAnnual report
「The company reduced the amounts of stated capital and capital surplus and transferred them to other capital surplus. Under Article 452 of the Companies Act, it also transferred the increased other capital surplus to retained earnings carried forward and used it to make up for the deficit.」
As an additional capital policy measure, the company reduced stated capital by ¥216 million and capital surplus by ¥191 million as of 29 June 2023, and allocated ¥991 million in other capital surplus to make up for the deficit. - FY2022-Q1AchievedAnnual report
「Based on a resolution of the extraordinary general meeting of shareholders held on 28 April 2021, the company transferred a total of ¥11,562 million, comprising ¥7,835 million from stated capital after the payment and ¥3,727 million from capital surplus, to capital surplus. In addition, under Article 452 of the Companies Act, the company reduced other capital surplus by ¥4,790 million, transferred it to other retained earnings, and used it to make up for the deficit.」
The company reduced stated capital and capital surplus, transferred the amounts to capital surplus, and used ¥4,790 million to make up for the deficit. - FY2021First statedAnnual report
「To improve its financial condition promptly and prepare for flexible capital policies in the future, the company reduced the amounts of stated capital and capital surplus, transferred them to other capital surplus, and allocated the increased other capital surplus to make up for the deficit in other retained earnings.」
The company disclosed for the first time a capital policy involving reductions in stated capital and capital surplus, their transfer to other capital surplus, and the use of that surplus to make up for the deficit.