Improving capital policy efficiency through a capital reduction at a Hong Kong subsidiary
First written in FY2021. 1 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q3.
2 other companies' latest entry also says "Other".
- FY2022-Q3Changes in the foreign currency translation adjustment account resulting from the capital reductionAnnual report
「This was mainly due to a quarterly net loss attributable to owners of the parent of ¥39 million, dividend payments of ¥45 million, and a ¥40 million decrease in the negative foreign currency translation adjustment associated with the subsidiary's capital reduction.」
In connection with the capital reduction at the Hong Kong subsidiary, the foreign currency translation adjustment in net assets changed by ¥40 million. - FY2022-Q2Foreign exchange loss recorded in connection with the subsidiary's capital reductionAnnual report
「A foreign exchange loss of ¥38 million resulting from the subsidiary's capital reduction was recorded as a non-operating expense,」
In connection with the capital reduction at the Hong Kong subsidiary that took effect on 24 July 2021, a foreign exchange loss of ¥38.832 million was recorded during the cumulative second quarter. - FY2022-Q1AchievedAnnual report
「At a meeting of the Board of Directors held on 13 May 2021, we resolved to reduce the capital of consolidated subsidiary Rikei Corporation (H.K.) Limited. The reduction took effect on 24 July 2021 after approval at the consolidated subsidiary's shareholders' meeting.」
The paid-in capital reduction at the Hong Kong subsidiary took effect on 24 July 2021. HK$9 million was refunded, leaving capital of HK$2.663 million after the reduction. - FY2021First statedAnnual report
「The capital reduction will be conducted as a paid-in capital reduction with refunds funded by the acquisition of treasury shares. Of the capital of HK$11.663 million (approximately ¥215 million), HK$9 million (approximately ¥166 million) will be refunded, leaving capital of HK$2.663 million (approximately ¥49 million) after the reduction.」
For consolidated subsidiary Rikei Corporation (H.K.) Limited, a paid-in capital reduction was approved to achieve a more efficient capital policy through a change in the capital structure, with the reduction scheduled to take effect in late July 2021.