Stable Shareholder Returns and a Flexible Capital Policy Through a Reduction in Stated Capital
First written in FY2022-Q2. 1 of 2 entries say "Achieved", first in FY2022-Q3. Latest entry: FY2022-Q3.
- FY2022-Q3AchievedAnnual report
「At an extraordinary general meeting of shareholders held on 25 January 2022, the company submitted the reduction in stated capital for approval, and the proposal was approved. The reduction became effective on 26 January 2022. Of the stated capital of ¥2,381,052,540, ¥2,281,052,540 was reduced, leaving stated capital at ¥100,000,000.」
The reduction in stated capital planned in the previous quarter was approved at an extraordinary general meeting of shareholders and became effective on 26 January 2022. ¥2,281,052,540 was transferred to other capital surplus, leaving stated capital at ¥100,000,000. The company stated that net assets, the total number of shares issued, shareholders' shareholdings and net assets per share would be unaffected. - FY2022-Q2First statedAnnual report
「The company will reduce the amount of stated capital pursuant to Article 447, Paragraph 1 of the Companies Act, with the objectives of achieving stable shareholder returns over the medium to long term and implementing a more agile and flexible capital policy going forward by reclassifying the capital structure.」
The company disclosed a plan to reduce stated capital by ¥2,281,052,540 from ¥2,381,052,540 and transfer the reduction to other capital surplus, leaving stated capital at ¥100,000,000. Approval at an extraordinary general meeting of shareholders on 25 January 2022 and the effective date of 26 January 2022 were scheduled. The company stated that net assets, the total number of shares issued, shareholders' shareholdings and net assets per share would be unaffected.