Offsetting an Accumulated Deficit Through Capital Reduction and Surplus Transfer
First written in FY2023-Q2. 1 of 2 entries say "Achieved", first in FY2023. Latest entry: FY2023.
- FY2023AchievedAnnual report
「On 10 August 2022, we reduced stated capital and capital reserve by ¥4,028 million and ¥2,789 million, respectively, transferred the entire reductions to other capital surplus, and transferred the resulting increase in other capital surplus to retained earnings brought forward to eliminate the deficit.」
Deficit elimination through capital reduction and transfer of surplus was completed, and retained earnings were positive at ¥530 million at the end of the fiscal year. - FY2023-Q2First statedAnnual report
「To strengthen our financial position, we reduced the amounts of stated capital and capital reserve and disposed of surplus. Specifically, on 10 August 2022, we reduced stated capital by ¥4,028,440 thousand from ¥4,528,440 thousand at the end of the previous consolidated fiscal year and reduced capital reserve by ¥2,789,090 thousand from ¥2,868,630 thousand. The entire reductions were transferred to other capital surplus, and the resulting increase in other capital surplus was transferred to retained earnings brought forward to eliminate the deficit.」
To strengthen its financial position, the company reduced stated capital and capital reserve on 10 August 2022, transferred the amounts through other capital surplus to retained earnings brought forward, and eliminated the deficit. The stated capital reduction ratio was 88.95%, and the capital reserve reduction ratio was 97.22%.