Flexible capital policy through reductions in stated capital and capital reserves
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2022-Q2.
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- FY2022-Q2RestatedAnnual report
「The company implemented a reduction of capital without compensation based on a resolution of the 79th annual general meeting of shareholders held on 26 June 2020. With 31 August 2020 as the effective date, stated capital was reduced by ¥2,339,794 thousand and capital reserves by ¥789,578 thousand, with each amount transferred to other capital surplus.」
The notes on shareholders’ equity reconfirm that the reduction of capital without compensation and the transfer of capital reserves have been completed. - FY2021-Q2AchievedAnnual report
「The company implemented a reduction of capital without compensation based on a resolution of the 79th annual general meeting of shareholders held on 26 June 2020. With 31 August 2020 as the effective date, stated capital was reduced by ¥2,339,794 thousand and capital reserves by ¥789,578 thousand, with each amount transferred to other capital surplus.」
The reduction of stated capital and capital reserves and their transfer to other capital surplus were carried out effective 31 August 2020, completing the capital policy resolved in the previous fiscal year. - FY2021-Q1RestatedAnnual report
「The deterioration of economic conditions and changes in consumption trends resulting from the spread of COVID-19 have made future forecasting difficult. The purpose is to enhance corporate value by enabling the company to pursue agile and flexible capital policies going forward.」
The company has restated, as a subsequent event, the purpose and shareholder meeting approval details concerning the reduction of stated capital and capital reserves that were disclosed at the end of the previous fiscal year. - FY2020First statedAnnual report
「The deterioration of economic conditions and changes in consumption trends resulting from the spread of COVID-19 have made future forecasting difficult. The purpose is to enhance corporate value by enabling the company to pursue agile and flexible capital policies going forward. Of the ¥3,339,794 thousand in stated capital, ¥2,339,794 thousand will be reduced, leaving stated capital of ¥1,000,000 thousand.」
At the annual general meeting of shareholders held on 26 June 2020, approval was granted to reduce stated capital by ¥2,339,794 thousand and transfer ¥789,578 thousand of capital reserves to other capital surplus, with 31 August 2020 as the effective date.