Improving the Financial Position Through Reductions in Capital and Capital Reserves
First written in FY2021-Q3. 2 of 4 entries say "Achieved", first in FY2021. Latest entry: FY2025.
- FY2025AchievedAnnual report
「The amount of other capital surplus necessary to offset the deficit will be reduced and transferred to retained earnings brought forward to offset the deficit. …Other retained earnings (retained earnings brought forward) will be ¥0.」
On 27 June 2025, ¥2,674 million in other capital surplus was transferred to retained earnings brought forward, and procedures were carried out to offset the deficit carried forward. - FY2022-Q1Offsetting a Deficit with Capital SurplusAnnual report
「In addition, based on a resolution passed at the 19th Annual General Meeting of Shareholders held on 29 June, ¥4,331 million in capital surplus was appropriated to offset the deficit in retained earnings.」
As a capital policy following the private placement, ¥4,331 million in capital surplus was appropriated to offset the deficit in retained earnings, based on a resolution passed at the General Meeting of Shareholders on 29 June 2021. - FY2021AchievedAnnual report
「With respect to the share capital increased through the third-party allotment on 9 March 2021, the company reduced the amount by ¥4,000,000,000 pursuant to Paragraphs 1 and 3 of Article 447 of the Companies Act and transferred the entire amount to other capital surplus. Similarly, with respect to the capital reserves increased through the same transaction, the company reduced the amount by ¥4,000,000,000 pursuant to Paragraphs 1 and 3 of Article 448 of the Companies Act and transferred the entire amount to other capital surplus.」
Following the private placement, measures were implemented to reduce capital and capital reserves by ¥4 billion each and transfer the amounts to other capital surplus. - FY2021-Q3First statedAnnual report
「To improve the Company’s financial position at an early stage, record distributable amounts and prepare for a more agile and flexible capital policy in the future, the Company will reduce the amounts of capital and capital reserves and transfer the reductions to other capital surplus.」
The Company first presented a plan, conditional on the private-placement proceeds, to reduce capital and capital reserves by up to ¥4 billion each and transfer the reductions to other capital surplus.