Covering accumulated losses through a capital reduction without compensation and disposal of retained earnings
First written in FY2017-Q3. 2 of 4 entries say "Achieved", first in FY2017-Q3. Latest entry: FY2026-H1.
- FY2026-H1AchievedAnnual report
「As a result of the exercise and the deficit coverage dated 31 January 2026, involving the transfer of ¥17,129 million in other capital surplus to retained earnings, capital was ¥377 million and capital surplus was ¥1,230 million at the end of the interim consolidated accounting period.」
The company stated that, on 31 January 2026, it transferred ¥17,129 million in other capital surplus to retained earnings to cover the deficit. - FY2025AdvancedAnnual report
「To secure flexibility and agility in future capital policy, the company reduced capital of ¥199,416 thousand, representing a 66.6% reduction, and capital reserves of ¥16,253,967 thousand, representing a 100% reduction, pursuant to Article 447, paragraph 1 and Article 448, paragraph 1 of the Companies Act, and transferred the amounts to other capital surplus. This was a capital reduction without compensation, with no repayment made.」
The company carried out a capital reduction without compensation, reducing capital of ¥199,416 thousand and capital reserves of ¥16,253,967 thousand, to secure flexibility and agility in its capital policy. - FY2021-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 19 August 2021, the company resolved to submit proposals to the extraordinary general meeting of shareholders scheduled for 27 October 2021 concerning the reduction of capital and capital reserves and the appropriation of surplus as described below. At a meeting of the Board of Directors held on 9 September 2021, it resolved the amount of the surplus to be appropriated.」
As a new procedure separate from the previous capital reduction without compensation and deficit coverage, the company resolved a plan to reduce capital from ¥1,287,878,398 to ¥100,000,000 and capital reserves from ¥837,878,797 to ¥0, and transfer ¥1,062,155,533 to cover the deficit in retained earnings. A resolution at the general meeting of shareholders was scheduled for 27 October 2021, with the effective date scheduled for 28 October 2021. - FY2017-Q3AchievedAnnual report
「Accordingly, the company reduced its capital and appropriated surplus in order to eliminate its accumulated deficit and improve its financial position. Capital was reduced by ¥1,050,000,400, from ¥1,550,000,400 to ¥500,000,000.」
To eliminate its accumulated deficit and improve its financial position, the company carried out a capital reduction without compensation, reducing capital by ¥1,050,000,400 to ¥500,000,000, and covered the deficit through an appropriation of surplus. The measures took effect on 10 July 2017.