Reduction in Capital Stock and Capital Reserve in Connection with the Issuance of 1st Class 7 Preferred Shares
First written in FY2019-Q2. 1 of 4 entries say "Restated". Latest entry: FY2022.
118 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「18 March 2019 (Note) 2: Based on Article 447, paragraph 1 of the Companies Act as reinterpreted under paragraph 3 of the same article, stated capital was reduced by ¥16,325 million, and based on Article 448, paragraph 1 as reinterpreted under paragraph 3 of the same article, capital reserves were reduced by ¥16,325 million. Each amount was transferred to other capital surplus.」
The full-year changes in capital confirm that the reduction in stated capital and capital reserves linked to the issuance of the First Series Class 7 Preferred Shares, and the transfer to other capital surplus, had been completed. - FY2020-Q1AdvancedAnnual report
「Series 1 Class 7 preferred shares 653,000 653,000」
The filing states that 653,000 First Series Class 7 Preferred Shares, whose issuance had been planned in the prior filing, were issued and outstanding as of 30 June 2019. The issuance had progressed to implementation, but this filing does not specify the details of the related reductions in stated capital and capital reserves. - FY2019-Q3RestatedAnnual report
「(1) Shelf registration for the issuance of preferred shares (2) Planned issuance period: From the effective date of the shelf registration (25 November 2018) through 24 November 2020, the date two years after that effective date (3) Planned issuance amount: ¥35,000,000,000 (4) Offering method: Offering by third-party allotment」
For the First Series Class 7 Preferred Shares, the company reiterates the shelf-registration period from 25 November 2018 to 24 November 2020, the planned issuance amount of ¥35 billion and the third-party allotment method. - FY2019-Q2First statedAnnual report
「The company resolved to reduce stated capital and capital reserves by amounts equal to the increases resulting from the issuance of the First Series Class 7 Preferred Shares, for the purpose of preparing for agile and flexible capital policies. (2) Amount of reduction in stated capital: ¥17.5 billion (3) Amount of reduction in capital reserves: ¥17.5 billion (4) Method of reducing stated capital and capital reserves: The total amounts of the reductions in stated capital and capital reserves will be transferred to other capital surplus, with no change to the total number of issued shares.」
The company disclosed for the first time a capital policy to reduce stated capital and capital reserves by amounts equal to the issuance proceeds of the First Series Class 7 Preferred Shares and transfer the reductions to other capital surplus. The resolution date was 9 November 2018, and the effective date was scheduled to be the same as the payment date for the preferred shares.