Reduction of Stated Capital and Capital Reserves and Elimination of Accumulated Deficit Through Disposition of Surplus
First written in FY2019. 2 of 7 entries say "Cited as achieved", first in FY2020-Q3. Latest entry: FY2025.
- FY2025Additional capital reductionAnnual report
「13 February 2025 － 1,545,140,000 △259,999 50,000 △299,999 －」
As of 13 February 2025, stated capital of ¥259,999 thousand and capital reserve of ¥299,999 thousand were reduced, resulting in stated capital of ¥50,000 thousand and zero capital reserve. This was an additional capital structure change following the capital reductions in 2019 and 2024. - FY2024Additional capital reductionAnnual report
「28 February 2024 － 1,461,807,333 △114,999 10,000 △74,999 －」
As of 28 February 2024, stated capital of ¥114,999 thousand and capital reserve of ¥74,999 thousand were reduced, resulting in stated capital of ¥10,000 thousand and zero capital reserve. Separately from the deficit coverage in 2019, the capital structure changed following the partial exercise of convertible bond-type bonds with stock acquisition rights. - FY2020Cited as achievedAnnual report
「Pursuant to a resolution of the annual general meeting of shareholders held on 30 May 2019, the company reduced the amounts of stated capital, capital reserve and retained earnings reserve under Articles 447, paragraph 1 and 448, paragraph 1 of the Companies Act, and disposed of surplus under Article 452 of the Companies Act, as of 25 July 2019, thereby covering the deficit.」
The coverage of the deficit through the capital reduction and disposal of surplus carried out in the previous fiscal year is disclosed as a historical factor contributing to changes in net assets and retained earnings in the current fiscal year. - FY2020-Q3Cited as achievedAnnual report
「Pursuant to a resolution of the annual general meeting of shareholders held on 30 May 2019, the company reduced the amounts of stated capital, capital reserve and retained earnings reserve under Articles 447, paragraph 1 and 448, paragraph 1 of the Companies Act, and disposed of surplus under Article 452 of the Companies Act, as of 25 July 2019, thereby covering the deficit.」
The coverage of the deficit through the capital reduction and disposal of surplus carried out in the previous quarter is disclosed again as a historical factor contributing to the increase in net assets. - FY2020-Q2AchievedAnnual report
「Pursuant to a resolution of the annual general meeting of shareholders held on 30 May 2019, the company reduced the amounts of stated capital, capital reserve and retained earnings reserve under Articles 447, paragraph 1 and 448, paragraph 1 of the Companies Act, and disposed of surplus under Article 452 of the Companies Act, as of 25 July 2019, thereby covering the deficit.」
The planned capital reduction and disposal of surplus from the previous filing were carried out as of 25 July 2019, completing the coverage of the deficit in retained earnings brought forward. The filing states reductions including stated capital of ¥8,566,192 thousand and capital reserve of ¥8,380,912 thousand, and an increase of ¥17,951,802 thousand in retained earnings brought forward. - FY2020-Q1RestatedAnnual report
「At the Company, which files securities reports, a reduction in the amounts of stated capital, capital reserve and retained earnings reserve and a disposal of surplus are to be carried out pursuant to Articles 447, paragraph 1, 448, paragraph 1 and 452 of the Companies Act, in order to cover the current deficit in retained earnings brought forward, achieve an early resumption of dividends and prepare for agile and flexible capital policies in the future.」
The plan to reduce capital and dispose of surplus to cover the deficit in retained earnings brought forward, resume dividends early and enable flexible capital policies is disclosed again. Even after approval at the shareholders' meeting on 30 May 2019, the effective date remained scheduled for 25 July 2019. - FY2019First statedAnnual report
「At the Company, which files securities reports, a reduction in the amounts of stated capital, capital reserve and retained earnings reserve and a disposal of surplus are to be carried out pursuant to Articles 447, paragraph 1, 448, paragraph 1 and 452 of the Companies Act, in order to cover the current deficit in retained earnings brought forward, achieve an early resumption of dividends and prepare for agile and flexible capital policies in the future. / Effective date: 25 July 2019 (scheduled)」
The company has disclosed for the first time a plan to reduce stated capital from ¥8,616,192,171 to ¥50,000,000 and capital reserve from ¥8,380,912,345 to ¥0, and transfer surplus to retained earnings brought forward, based on resolutions of the board of directors on 18 April 2019 and approval at the annual general meeting of shareholders on 30 May. The purposes are to cover the deficit carried forward, resume dividends early and prepare for agile capital policies, with the effective date scheduled for 25 July 2019.