Elimination of Accumulated Deficit Through Capital Reduction and Disposition of Surplus
First written in FY2022. 1 of 2 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2023-Q1.
- FY2023-Q1AchievedAnnual report
「At a meeting of the Board of Directors held on 8 November 2022, the company resolved to submit to the Ordinary General Meeting of Shareholders held on 22 December 2022 a proposal concerning reductions in stated capital, capital reserve and retained earnings reserve and the disposal of surplus. The proposal was approved at the meeting and took effect on 27 January 2023.」
The reduction of stated capital, capital reserve and retained earnings reserve and the disposal of surplus were approved at the General Meeting of Shareholders and took effect on 27 January 2023. Procedures were carried out to offset the deficit in retained earnings brought forward and strengthen the company's financial position. - FY2022First statedAnnual report
「The company will reduce the amounts of stated capital, capital reserve and retained earnings reserve, and dispose of surplus. Of the stated capital of ¥6,471,266,457, ¥1,098,930,229 will be reduced, leaving stated capital of ¥5,372,336,228. The entire amount of other capital surplus, ¥5,135,419,193, will be transferred to retained earnings brought forward and used, together with the reduction in retained earnings reserve, to offset the deficit. As a result, the balance of retained earnings brought forward will be ¥0.」
The company resolved to reduce stated capital and capital reserves and other reserves and dispose of surplus to offset the deficit, strengthen its financial position and prepare for future capital policies, including dividends. The effective date was scheduled for 27 January 2023.