Komori
Hotel Newgrand (9720) · FactAchieved

Reduction of Capital Reserves and Transfer to Other Capital Surplus

First written in FY2017-Q1. 3 of 9 entries say "Restated". Latest entry: FY2021-Q3.

9entries
5years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2017-Q1 – FY2017-Q3RestatedFY2018-Q2 – FY20182017: 220172018: 420182019: 120192020: 020202021: 22021
Same theme, other companies
Capital Policy and Dividend Preparation Through Capital Reduction and Deficit CoverageA theme 287 companies write about · 1 as a headwind · 286 as a tailwind
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 200 companies compared. The sentences above are computed from all 200.Comparing 200 of the theme's 289 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2021-Q3AchievedAnnual report

    「At the Extraordinary General Meeting of Shareholders held on 10 September 2021, the Company obtained approval for resolutions concerning the reduction in the amounts of stated capital and the capital reserve and the disposition of surplus, which took effect on 21 September 2021.」

    The procedure to transfer stated capital of ¥1,916.151 million and the capital reserve of ¥14.257 million to other capital surplus, and to appropriate other capital surplus of ¥1,095.337 million to offset the deficit in retained earnings brought forward, took effect.
  2. FY2021-Q2AdvancedAnnual report

    「At a Board of Directors meeting held on 12 July 2021, the Company resolved to submit a proposal concerning the reduction in the amounts of stated capital and the capital reserve and the disposition of surplus to the Extraordinary General Meeting of Shareholders scheduled for 10 September 2021.」

    The existing deficit-offsetting policy progressed to a specific plan to reduce stated capital of ¥1,916.151 million and the capital reserve of ¥14.257 million and transfer the amounts to other capital surplus, then appropriate ¥1,095.337 million to offset the deficit in retained earnings brought forward. The effective date is scheduled for 10 September 2021.
  3. FY2018RestatedAnnual report

    「10 March 2018 (Note 3) — 1,171,280 △1,455,000 2,000,000 △900,000 —」

    The procedure to reduce stated capital of ¥1,455 million and the capital reserve of ¥900 million and transfer the amounts to other capital surplus continues to be stated in the changes in shares, stated capital and other items.
  4. FY2018-Q3RestatedAnnual report

    「Based on the resolution of the Company's 140th Annual General Meeting of Shareholders held on 22 February 2018, on 10 March 2018 the Company transferred stated capital of ¥1,455 million and the capital reserve of ¥900 million to other capital surplus, and then appropriated other capital surplus of ¥4,092.892 million to offset the deficit in retained earnings brought forward. There was no material change in total shareholders' equity.」

    The reduction in stated capital and the capital reserve and the offsetting of the deficit continue to be stated as completed.
  5. FY2018-Q2RestatedAnnual report

    「Based on the resolution of the Company's 140th Annual General Meeting of Shareholders held on 22 February 2018, on 10 March 2018 the Company transferred stated capital of ¥1,455 million and the capital reserve of ¥900 million to other capital surplus, and then appropriated other capital surplus of ¥4,092.892 million to offset the deficit in retained earnings brought forward.」

    The reduction in stated capital and the capital reserve, the transfer to other capital surplus, and the offsetting of the deficit continue to be stated as completed.
  6. FY2018-Q1AchievedAnnual report

    「Regarding the reduction in the amounts of stated capital and the capital reserve and the disposition of surplus, which was approved and adopted at the Company's 140th Annual General Meeting of Shareholders held on 22 February 2018, the reduction took effect on 10 March 2018.」

    The procedure to reduce stated capital of ¥1,455 million and the capital reserve of ¥900 million and transfer the amounts to other capital surplus took effect on 10 March 2018. Other capital surplus of ¥4,092.892 million was then transferred to retained earnings brought forward to offset the deficit.
  7. FY2017AdvancedAnnual report

    「At the annual general meeting of shareholders held on 22 February 2018, the company resolved, pursuant to Article 447, Paragraph 1 and Article 448, Paragraph 1 of the Companies Act, to reduce stated capital by ¥1.455 billion and capital reserves by ¥900 million and transfer the amounts to other capital surplus. The effective date is 10 March.」

    Following the previous transfer from the capital reserve, a resolution was passed to reduce stated capital and the capital reserve and transfer the amounts to other capital surplus, and the implementation date was also indicated.
  8. FY2017-Q3Decrease in capital surplus confirmedAnnual report

    「Total net assets were ¥6.532 billion, a decrease of ¥515.511 million from the end of the previous fiscal year. The main factors included a ¥413.638 million decrease in capital surplus, a ¥139.972 million increase in retained earnings, and a ¥241.886 million increase in treasury stock.」

    Following the decrease in capital reserves and their transfer to other capital surplus, capital surplus decreased by ¥413.638 million, and total net assets also decreased from the end of the previous fiscal year.
  9. FY2017-Q1First statedAnnual report

    「Pursuant to Article 448, Paragraph 1 of the Companies Act, the company reduced its capital reserves and transferred the amount to other capital surplus.」

    On 23 February 2017, capital reserves decreased by ¥2.463 billion and were transferred to other capital surplus.
Moved together

"Cash Flow from Operating Activities Turns Negative" moved the same way as this thread, in the same document, in 2 of its 9 moves.

22★12
  1. ★This thread
  2. 1Cash Flow from Operating Activities Turns Negative2×
  3. 2Priority for new-wing renovation investment to strengthen competitiveness2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Hotel Newgrand yet.
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Reduction of Capital Reserves and Transfer to Other Capital Surplus | HOTEL NEWGRAND CO.,LTD. (9720) | Komori