Ensuring Capital Policy Flexibility Through Reduction of Capital Reserve
First written in FY2018. 1 of 3 entries say "Achieved", first in FY2019-Q1. Latest entry: FY2022-Q1.
21 other companies' latest entry also says "Advanced".
- FY2022-Q1AdvancedAnnual report
「Pursuant to Article 448, paragraph 1 of the Companies Act, the company reduced capital reserves by ¥5,329,906,456 effective 30 June 2021 and transferred the entire reduction to other capital surplus. It reduced legal reserves by ¥670,983,281 and transferred the entire reduction to retained earnings. It reduced voluntary reserves by ¥18,680,000,000 and transferred the entire reduction to retained earnings.」
To expand the funding capacity for the tender offer for treasury shares and secure flexibility in capital policy, the company reduced and transferred capital reserves, legal reserves and voluntary reserves effective 30 June 2021. - FY2019-Q1AchievedAnnual report
「At the 67th Annual General Meeting of Shareholders held on 22 June 2018, the company resolved to reduce capital reserves and transferred the reduction to other capital surplus effective 30 June 2018.」
The company reduced capital reserves by ¥10 billion out of ¥15,329 million and transferred the reduction to other capital surplus effective 30 June 2018. The procedures to secure flexibility and agility in capital policy were completed. - FY2018First statedAnnual report
「To secure flexibility and agility in future capital policy, the company will reduce the amount of capital reserves and transfer the reduction to other capital surplus pursuant to Article 448, paragraph 1 of the Companies Act.」
The company resolved to reduce capital reserves by ¥10 billion out of ¥15,329 million and transfer the reduction to other capital surplus.