Offsetting Accumulated Deficits Through Reductions in Capital Reserves and Other Reserves
First written in FY2022-Q1. 1 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2024.
- FY2024Cited as achievedAnnual report
「Pursuant to a resolution of the 59th Annual General Meeting of Shareholders held on 23 May 2023, the Company reduced its capital reserve by ¥2,483.095 million as of 30 June 2023 and transferred the same amount to other capital surplus.」
The Company reconfirmed that it reduced its capital reserve by ¥2,483.095 million and transferred the amount to other capital surplus. - FY2024-Q1AchievedAnnual report
「Pursuant to a resolution of the 59th Annual General Meeting of Shareholders held on 23 May 2023, the Company reduced its capital reserve by ¥2,483.095 million as of 30 June 2023 pursuant to Article 448, paragraph 1 of the Companies Act and transferred the same amount to other capital surplus.」
The Company reported that it reduced its capital reserve by ¥2,483.095 million and transferred the amount to other capital surplus as of 30 June 2023. - FY2023AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 April 2023, the Company resolved to submit a proposal to reduce its capital reserve to the 59th Annual General Meeting of Shareholders to be held on 23 May 2023. The proposal was submitted to and approved by the Annual General Meeting of Shareholders.」
The Company resolved and obtained approval for procedures to reduce its capital reserve in full by ¥2,483.095924 million and transfer it to other capital surplus, with the aim of ensuring flexibility and agility in its capital policy. - FY2022-Q1First statedAnnual report
「Pursuant to a resolution of the 57th Annual General Meeting of Shareholders held on 25 May 2021, the Company reduced its capital reserve by ¥3,532.935 million as of 25 May 2021 pursuant to Article 448, paragraph 1 of the Companies Act and transferred the same amount to other capital surplus. It then reduced other capital surplus after the transfer by ¥4,530.006 million pursuant to Article 452 of the Companies Act and transferred the same amount to retained earnings brought forward to eliminate the deficit.」
Based on a resolution of the Annual General Meeting of Shareholders, the Company reduced its capital reserve by ¥3,532.935 million and other capital surplus by ¥4,530.006 million, and eliminated the deficit by transferring the amounts to retained earnings brought forward.