Greater flexibility in capital policy through a reduction in capital and deficit disposition
First written in FY2024. 1 of 2 entries say "Achieved", first in FY2025-H1. Latest entry: FY2025-H1.
- FY2025-H1AchievedAnnual report
「To enable dividends and other payments funded by future retained earnings and secure flexibility and agility in future capital policy, we reduced capital surplus by ¥4,754 million, transferred the same amount to retained earnings and covered the deficit.」
The planned transfer of ¥4,754 million from capital surplus to retained earnings and deficit disposition were implemented, together with an ¥80 million reduction in stated capital effective 31 May 2025. - FY2024First statedAnnual report
「We will reduce the amount of stated capital and dispose of other capital surplus in order to eliminate the deficit in retained earnings currently recorded, enable dividends and other payments funded by future retained earnings, and secure flexibility and agility in future capital policy. We will reduce stated capital by ¥70,000,000 from ¥100,000,000 to ¥30,000,000 and transfer ¥4,754,472,239 of other capital surplus to retained earnings.」
Following shareholder approval in March 2025, the company planned to reduce stated capital by ¥70 million and use ¥4,754 million of other capital surplus to cover the deficit. The effective date was scheduled for 31 May 2025.