Flexibility and Agility in Capital Policy and Improvement of Financial Condition Through a Reduction in Stated Capital
First written in FY2021-Q3. 1 of 2 entries say "Achieved", first in FY2021. Latest entry: FY2021.
39 other companies' latest entry also says "Achieved".
- FY2021AchievedAnnual report
「In March 2021, the company will reduce stated capital from ¥771,682,000 to ¥100,000,000.」
The company implemented a capital reduction to ensure flexibility and agility in capital policy and strengthen its financial position, reducing stated capital from ¥771,682,000 to ¥100,000,000. - FY2021-Q3First statedAnnual report
「The impact of the recent spread of COVID-19 has had a material effect on the company's operating results and financial position. In light of this situation, the company will reduce its stated capital pursuant to Article 447, Paragraph 1 of the Companies Act in order to ensure flexibility and agility in its future capital policy and strengthen its financial position. Of the company's stated capital of ¥771,682,000, ¥671,682,000 will be reduced, leaving stated capital of ¥100,000,000. The total number of issued shares will not be changed, and the entire amount of the capital reduction will be transferred to other capital surplus. Effective date of the capital reduction: 31 March 2021 (scheduled).」
At a Board of Directors meeting held on 10 February 2021, the company resolved a plan to reduce stated capital by ¥671,682,000 from ¥771,682,000 to ¥100,000,000. The purpose is to ensure flexibility and agility in capital policy and strengthen the financial position in light of the impact of COVID-19.