Securing flexibility in capital policy through a reduction in stated capital
First written in FY2022. 2 of 4 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2026-H1.
- FY2026-H1AchievedAnnual report
「Pursuant to a resolution of the 88th annual general meeting of shareholders held on 17 June 2025, the company reduced capital reserves by ¥7,932 million as of 31 July 2025 and transferred the same amount to other capital surplus. On the same date, it reduced other capital surplus by ¥17,153 million and transferred the same amount to retained earnings brought forward, thereby offsetting the deficit.」
Regarding the reduction of capital reserves planned in the previous fiscal year, the company transferred ¥7,932 million to other capital surplus as of 31 July 2025, then transferred ¥17,153 million to retained earnings brought forward to offset the deficit. - FY2025AdvancedAnnual report
「To eliminate the deficit carried forward resulting from losses recorded to date, strengthen the financial position and prepare for agile capital policies in the future, the company will reduce capital reserves and dispose of retained earnings.」
At a meeting of the Board of Directors held on 13 May 2025, the company resolved a plan to reduce capital reserves by ¥7,932 million and transfer ¥17,153 million from other capital surplus to retained earnings brought forward. - FY2023-Q1AchievedAnnual report
「At a meeting of the Board of Directors held on 12 May 2022, the company resolved to submit a proposal to reduce stated capital to the 85th annual general meeting of shareholders held on 14 June 2022. The proposal was approved at that meeting, and the reduction became effective on 31 July 2022.」
The reduction of stated capital from ¥8,041 million by ¥7,941 million to ¥100 million, aimed at securing flexibility and agility in capital policies, became effective on 31 July 2022. - FY2022First statedAnnual report
「To secure flexibility and agility in future capital policies, the company will reduce the amount of stated capital pursuant to Article 447, paragraph 1 of the Companies Act.」
The company presented a capital policy to reduce ¥7,941 million from stated capital of ¥8,041 million approved at the annual general meeting of shareholders on 14 June 2022 and transfer it to other capital surplus. The effective date was scheduled for 31 July 2022.