Deferral of the Transfer of Capital Surplus to Offset Accumulated Losses
First written in FY2018-Q1. 4 of 10 entries say "Achieved", first in FY2019-Q1. Latest entry: FY2025.
- FY2025AchievedAnnual report
「Based on the resolution of the annual general meeting of shareholders held on 27 June 2024, the reduction in capital took effect on 27 June 2024. The Company reduced stated capital by ¥5,141.136 million and capital reserve by ¥2,576.769 million, transferring both amounts to other capital surplus. It then transferred ¥3,026.483 million of the resulting other capital surplus to retained earnings brought forward and allocated it to cover the deficit.」
The annual results confirmed that the Company had carried out a capital reduction, transferred the capital reserve, and covered a deficit of ¥3,026.483 million using other capital surplus. - FY2025-H1AchievedAnnual report
「Based on the resolution of the annual general meeting of shareholders held on 27 June 2024, the reduction in capital took effect on 27 June 2024. The Company reduced stated capital by ¥5,141.136 million and capital reserve by ¥2,576.769 million, transferring both amounts to other capital surplus. It then transferred ¥3,026.483 million of the resulting other capital surplus to retained earnings brought forward and allocated it to cover the deficit.」
Regarding the reduction in capital and deficit coverage approved in the previous fiscal year, the Company carried out the capital reduction on 27 June 2024 and transferred ¥3,026.483 million of capital surplus to retained earnings brought forward to cover the deficit. - FY2024AchievedAnnual report
「The Company resolved to submit proposals concerning reductions in the amounts of stated capital and capital reserve, as well as the disposition of surplus, to the 65th annual general meeting of shareholders held on 27 June 2024. The proposals were approved at that meeting.」
To cover the deficit of ¥3,026,483,173 in retained earnings brought forward, the Company was approved to transfer ¥5,141,136,257 of stated capital and ¥2,576,769,221 of capital reserve to other capital surplus, and to allocate ¥3,026,483,173 of that amount to cover the deficit. - FY2020-Q2RestatedAnnual report
「As resolved at the annual general meeting of shareholders held on 27 June 2019, the Company reduced the capital reserve by ¥1,790 million, transferred the entire amount to other capital surplus, and then transferred the same amount from other capital surplus to retained earnings brought forward to cover the deficit.」
Reconfirms that the Company covered the deficit by transferring ¥1,790 million of capital reserves and other amounts to retained earnings brought forward. - FY2020-Q1AdvancedAnnual report
「As resolved at the annual general meeting of shareholders held on 27 June 2019, the Company reduced the capital reserve by ¥1,790 million, transferred the entire amount to other capital surplus, and then transferred the same amount from other capital surplus to retained earnings brought forward to cover the deficit.」
Following the deficit coverage through the previous fiscal year, the Company covered the deficit by transferring ¥1,790 million of capital reserves and other amounts to retained earnings brought forward. - FY2019-Q1AchievedAnnual report
「Net assets declined by ¥462.2 million in capital surplus and increased by ¥394.7 million in retained earnings as a result of reducing capital surplus by ¥4,259 million, as resolved at the annual general meeting of shareholders held on 28 June 2018, and transferring the entire amount to retained earnings brought forward to cover the deficit. This was in addition to recording a quarterly net loss attributable to owners of the parent and paying dividends funded by capital surplus.」
The Company covered the deficit by transferring ¥4,259 million of capital surplus to retained earnings brought forward, a treatment that had been deferred through the previous fiscal year. - FY2018ReframedAnnual report
「Transfer from reserves to surplus」
The statement of changes in shareholders' equity records a reduction of ¥3,077.805 million in the capital reserve and its transfer to other capital surplus. This was disclosed as an internal capital transfer distinct from the previously disclosed decision not to cover the deficit through retained earnings brought forward. - FY2018-Q3RestatedAnnual report
「Following a retrospective revision of prior-year results, the negative balance of retained earnings brought forward decreased. As a result, the transfer described above would exceed the negative balance, and the Company decided not to make the transfer.」
Reconfirms the decision not to cover the deficit by transferring ¥3,077 million of other capital surplus to retained earnings brought forward. - FY2018-Q2RestatedAnnual report
「Following a retrospective revision of prior-year results, the negative balance of retained earnings brought forward decreased. As a result, the transfer described above would exceed the negative balance, and the Company decided not to make the transfer.」
Reconfirms the decision not to cover the deficit by transferring ¥3,077 million of other capital surplus to retained earnings brought forward. - FY2018-Q1First statedAnnual report
「At the annual general meeting of shareholders held on 29 June 2017, the Company resolved, pursuant to Article 452 of the Companies Act, to reduce other capital surplus by ¥3,077 million out of ¥5,077 million and transfer the entire amount to retained earnings brought forward to cover the deficit. However, following a retrospective revision of prior-year results, the negative balance of retained earnings brought forward decreased. As a result, the transfer would exceed the negative balance, and the Company decided not to make the transfer.」
Although the Company resolved to transfer ¥3,077 million of other capital surplus to retained earnings brought forward to cover the deficit, it decided not to make the transfer because, after the retrospective revision of prior-year results, the amount would exceed the negative balance.