Offsetting a Deficit in Retained Earnings Carried Forward and Ensuring Flexibility in Financial Strategy and Capital Policy
First written in FY2017. 1 of 2 entries say "Achieved", first in FY2018-Q1. Latest entry: FY2018-Q1.
- FY2018-Q1AchievedAnnual report
「Pursuant to a resolution of the 130th Annual General Meeting of Shareholders held on 21 June 2017, the Company reduced its capital reserve by ¥121,500 million and its legal reserve by ¥13,146 million, transferring the respective amounts to other capital surplus and retained earnings brought forward. It also transferred ¥122,500 million of other capital surplus to retained earnings brought forward.」
The Company reduced its capital and legal reserves pursuant to the resolution of the General Meeting of Shareholders and transferred the amounts to retained earnings brought forward. - FY2017First statedAnnual report
「The Company reduced its capital reserve and legal reserve and disposed of surplus to eliminate the deficit in retained earnings brought forward and secure flexibility and agility in its future financial strategy. As a result, the total amount transferred from the legal reserve and other capital surplus to retained earnings brought forward was ¥135,646,867,258.」
The procedure for transferring capital reserves, legal reserves and other amounts to retained earnings brought forward, eliminating the deficit and securing flexibility in financial strategy is described.