Covering the Deficit in Retained Earnings Brought Forward Through the Reduction of Reserves and Disposition of Surplus
First written in FY2018. 1 of 2 entries say "Achieved", first in FY2019-Q1. Latest entry: FY2019-Q1.
- FY2019-Q1AchievedAnnual report
「Based on a resolution of the 150th Annual General Meeting of Shareholders held on 21 June 2018, the company reduced its capital reserve by ¥59,002 million and its legal reserve by ¥2,540 million and transferred them to other capital surplus and retained earnings brought forward, respectively. It also transferred ¥59,002 million from other capital surplus and ¥60,552 million from a separate reserve to retained earnings brought forward.」
The company reduced its capital reserve and legal reserve based on a resolution of the Annual General Meeting of Shareholders, and transferred other capital surplus and a separate reserve to retained earnings brought forward. - FY2018First statedAnnual report
「The company will reduce the amounts of its capital reserve and legal reserve and dispose of surplus in order to cover the deficit in retained earnings brought forward and secure flexibility for its future financial strategy.」
The company carried out procedures to transfer ¥5,900,258,6557 from the capital reserve, ¥2,540,336,700 from the legal reserve, and other amounts, allocating a total of ¥12,209,492,3257 to cover the deficit in retained earnings brought forward.