Covering the Deficit Through Capital Reduction and Appropriation of Surplus
First written in FY2023-Q1. 2 of 3 entries say "Cited as achieved", first in FY2023-Q2. Latest entry: FY2023-Q3.
- FY2023-Q3Cited as achievedAnnual report
「At the annual general meeting held on 29 March 2023, the company resolved to reduce stated capital and capital reserve, and the reduction became effective on 2 May 2023. As a result, stated capital decreased by ¥847,130 thousand and capital reserve by ¥1,146,917 thousand, while other capital surplus increased by ¥1,994,047 thousand. Under the disposition of surplus approved at the same meeting, other capital surplus decreased by ¥1,200,256 thousand and retained earnings increased by ¥1,200,256 thousand.」
The deficit elimination through capital reduction and disposition of surplus is reiterated as a change in shareholders' equity after the reductions became effective. - FY2023-Q2Cited as achievedAnnual report
「At the annual general meeting held on 29 March 2023, the company resolved to reduce stated capital and capital reserve, and the reduction became effective on 2 May 2023. As a result, stated capital decreased by ¥847,130 thousand and capital reserve by ¥1,146,917 thousand, while other capital surplus increased by ¥1,994,047 thousand. Under the disposition of surplus approved at the same meeting, other capital surplus decreased by ¥1,200,256 thousand and retained earnings increased by ¥1,200,256 thousand.」
The deficit elimination through capital reduction and disposition of surplus is reiterated as a change in equity after the reductions became effective. - FY2023-Q1AchievedAnnual report
「The reduction became effective on 2 May 2023. Stated capital of ¥897,130 thousand was reduced by ¥847,130 thousand to ¥50,000 thousand. Capital reserve of ¥1,196,917 thousand was reduced by ¥1,146,917 thousand to ¥50,000 thousand. Of the ¥1,994,047 thousand in other capital surplus generated by the reductions in stated capital and capital reserve, ¥1,200,256 thousand was transferred to retained earnings brought forward to cover the deficit.」
The effective date, reduction amounts, post-reduction balances and amount applied to deficit elimination are disclosed in detail.