Greater Flexibility in Capital Policy Through Capital Reserve Reduction and Deficit Coverage
First written in FY2017. 6 of 8 entries say "Achieved", first in FY2018-Q1. Latest entry: FY2022-Q1.
- FY2022-Q1AchievedAnnual report
「Based on a resolution of the 73rd annual general meeting of shareholders held on 27 May 2021, the company disposed of surplus. Including these results, during the first quarter of the current consolidated fiscal year, capital surplus decreased by ¥2,135.092 million and retained earnings increased by ¥2,139.765 million. At the end of the first quarter of the current consolidated fiscal year, capital surplus was ¥851.113 million and retained earnings were ¥7.545 million.」
The disposition of surplus based on a resolution of the annual general meeting of shareholders held on 27 May 2021 was carried out, and the effect of covering the accumulated deficit through a transfer from capital surplus to retained earnings was disclosed quantitatively. - FY2021AchievedAnnual report
「Based on a resolution of the extraordinary general meeting of shareholders held on 26 February 2021, the company reduced capital by ¥70.000 million from ¥100.000 million and transferred the reduction to other capital surplus.」
The capital reduction based on a resolution of the extraordinary general meeting of shareholders held on 26 February 2021 was carried out, reducing capital from ¥100 million to ¥30 million. - FY2021-Q3AdvancedAnnual report
「The company will reduce capital from ¥100.000 million to ¥30.000 million by reducing ¥70.000 million, and transfer the full amount of the reduction to other capital surplus.」
To secure flexibility and agility in its capital policy, the company decided to reduce capital by ¥70.000 million from ¥100.000 million, with 27 February 2021 as the effective date. - FY2021-Q1AchievedAnnual report
「Based on a resolution of the 72nd annual general meeting of shareholders held on 28 May 2020, the company disposed of surplus. Including these results, during the first quarter of the current consolidated fiscal year, capital surplus decreased by ¥1,514.377 million and retained earnings increased by ¥1,198.677 million. At the end of the first quarter of the current consolidated fiscal year, capital surplus was ¥2,019.896 million and retained earnings were negative ¥311.930 million.」
The company disposed of surplus based on a resolution of the annual general meeting of shareholders and disclosed quantitatively the effect of covering the accumulated deficit through a transfer from capital surplus to retained earnings. - FY2020-Q1AchievedAnnual report
「Based on a resolution of the annual general meeting of shareholders held on 30 May 2019, the company reduced its capital, covered the accumulated deficit through the disposition of surplus and paid a year-end dividend funded by capital surplus. Including these results, compared with the end of the previous consolidated fiscal year, capital decreased by ¥3,354 million, capital surplus increased by ¥2,471 million and retained earnings increased by ¥903 million.」
The company disclosed the effects of a reduction in capital, coverage of the accumulated deficit through the disposition of surplus and a dividend funded by capital surplus: capital decreased by ¥3,354 million, capital surplus increased by ¥2,471 million and retained earnings increased by ¥903 million. - FY2019AchievedAnnual report
「At the annual general meeting of shareholders held on 30 May 2019, the reduction in capital and disposition of surplus were approved.」
The reduction of ¥3,354.021 million from capital of ¥4,354.021 million and the transfer of ¥847.199 million of other capital surplus to retained earnings to cover the accumulated deficit were approved. - FY2018-Q1AchievedAnnual report
「At the 69th annual general meeting of shareholders held on 26 May 2017, the reduction in capital reserves and disposition of surplus described below were approved, taking effect on 10 July 2017.」
The full reduction of capital reserves of ¥2,002.723 million and the transfer of ¥702.519 million of other capital surplus to retained earnings to cover the accumulated deficit were approved and took effect on 10 July 2017. - FY2017First statedAnnual report
「To secure flexibility in future capital policy and establish a framework for resuming dividends at an early date, the company will reduce its capital reserves in full and transfer them to other capital surplus, then transfer part of the other capital surplus to retained earnings to cover the accumulated deficit.」
At the annual general meeting of shareholders, the company approved a capital policy under which the full amount of capital reserves, ¥2,002.723 million, would be transferred, with ¥702.519 million allocated to cover the accumulated deficit.