Elimination of Deficit Through Reduction of Share Capital and Capital Reserve and Disposition of Surplus, and Greater Flexibility in Capital Policy
First written in FY2022-Q1. 3 of 6 entries say "Cited as achieved", first in FY2022-Q2. Latest entry: FY2025-H1.
- FY2025-H1AdvancedAnnual report
「Based on a resolution of the 70th annual shareholders' meeting held on 28 August 2024, we reduced the capital reserve by ¥1,167,443 thousand and transferred the same amount to other capital surplus. We also eliminated the deficit by reducing the reserve for specific purposes by ¥20,500 thousand and other capital surplus by ¥101,492 thousand and transferring these amounts to retained earnings brought forward.」
Based on a resolution of the annual shareholders' meeting held on 28 August 2024, the capital reserve, reserve for specific purposes and other capital surplus were transferred to retained earnings brought forward to eliminate the deficit. - FY2024-Q3Cited as achievedAnnual report
「Based on a resolution of the 69th annual shareholders' meeting held on 24 August 2023, we reduced other capital surplus by ¥2,303,547 thousand, transferred it to retained earnings brought forward, and eliminated the deficit.」
The elimination of the deficit by transferring ¥2,303,547 thousand of other capital surplus to retained earnings brought forward is reconfirmed as a completed capital policy. - FY2024-Q1AdvancedAnnual report
「Based on a resolution of the 69th annual shareholders' meeting held on 24 August 2023, we reduced other capital surplus by ¥2,303,547 thousand, transferred it to retained earnings brought forward, and eliminated the deficit.」
Based on a resolution of the annual shareholders' meeting held on 24 August 2023, ¥2,303,547 thousand of other capital surplus was transferred to retained earnings brought forward to eliminate the deficit. - FY2022Cited as achievedAnnual report
「As a result of the reduction of capital and elimination of the deficit, capital decreased by ¥1,675 million and retained earnings increased by ¥2,202 million.」
The results of transferring capital and retained earnings through the reduction of capital and elimination of the deficit are reconfirmed in the full-year financial position as completed capital policies. - FY2022-Q2Cited as achievedAnnual report
「Based on a resolution of the Board of Directors meeting held on 15 July 2021, on 16 July we transferred a portion of the shares of 株式会社テーオーリテイリング held by us. As a result, capital surplus increased by ¥326,776 thousand. In addition, based on a resolution of the annual shareholders' meeting held on 26 August 2021, we reduced capital and disposed of surplus on 4 October 2021. As a result, capital decreased by ¥1,675,640 thousand, capital surplus decreased by ¥526,633 thousand, and retained earnings increased by ¥2,202,273 thousand.」
Changes in capital surplus and retained earnings resulting from the transfer of TORT shares and the reduction of capital and disposal of surplus are disclosed as the results of completed capital policies. - FY2022-Q1AchievedAnnual report
「We will reduce the amount of capital and dispose of surplus in order to cover the deficit in retained earnings currently recorded, improve our financial position, and secure flexibility and agility in our future capital policy.」
Following approval at the shareholders' meeting held on 26 August 2021, ¥1,675,640 thousand of capital was transferred to other capital surplus on 4 October 2021, and ¥2,202,273 thousand of other capital surplus was transferred to retained earnings brought forward to eliminate the deficit.