Preparation of Funds for Treasury Share Cancellation and Other Purposes through a Reduction in Capital Reserve
First written in FY2019. 1 of 2 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2020-Q3.
21 other companies' latest entry also says "Advanced".
- FY2020-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 7 October 2019, the Company resolved to cancel treasury shares pursuant to Article 178 of the Companies Act and carried out the cancellation on 15 October 2019. As a result of this cancellation, during the cumulative third-quarter consolidated accounting period, capital surplus and treasury shares each decreased by ¥10,852 million. At the end of the cumulative third-quarter consolidated accounting period, capital surplus was ¥7,218 million and treasury shares were ¥5,798 million.」
The resolution and implementation of the treasury share cancellation have progressed, with capital surplus and treasury shares each decreasing by ¥10,852 million. - FY2019First statedAnnual report
「To prepare funds for the cancellation of treasury shares and other flexible and timely capital policies, the Company will reduce the amount of its capital reserve and transfer it to other capital surplus pursuant to Article 448, Paragraph 1 of the Companies Act. Of the ¥14,838,777 thousand in capital reserve, ¥14,600,000 thousand」
The filing reports a resolution to transfer ¥14,600,000 thousand of capital reserve to other capital surplus in preparation for capital policies, including funds for the cancellation of treasury shares.