Securing Flexibility in Capital Policy Through a Reduction in Stated Capital
First written in FY2020. 2 of 4 entries say "Achieved", first in FY2021-Q1. Latest entry: FY2021-Q3.
- FY2021-Q3RestatedAnnual report
「The Company carried out a capital reduction without compensation on 1 August 2020. As a result, during the cumulative third quarter of the current consolidated fiscal year, capital decreased by ¥6,221 million and capital surplus increased by ¥6,221 million. At the end of the third quarter of the current consolidated fiscal year, capital was ¥100 million and capital surplus was ¥12,899 million.」
The results of the capital reduction without compensation that took effect on 1 August 2020 were reiterated: capital of ¥100 million and capital surplus of ¥12,899 million at the end of the third quarter. - FY2021-Q2AchievedAnnual report
「The Company carried out a capital reduction without compensation on 1 August 2020. As a result, during the cumulative second quarter of the current consolidated fiscal year, capital decreased by ¥6,221 million and capital surplus increased by ¥6,221 million. At the end of the second quarter of the current consolidated fiscal year, capital was ¥100 million and capital surplus was ¥12,899 million.」
The financial statements for the second quarter confirmed the transfer to capital and capital surplus resulting from the capital reduction without compensation whose plan and effective date had been disclosed in the previous fiscal year. - FY2021-Q1AchievedAnnual report
「This reduction in the amount of capital stock is intended to ensure flexibility and agility in our future capital policy. Pursuant to Article 447, Paragraph 1 of the Companies Act, the amount of capital stock is being reduced, with the entire reduction transferred to other capital surplus.」
The capital reduction of ¥6,221,631,918, with the amount transferred to other capital surplus, took effect on 1 August 2020, completing the plan. - FY2020First statedAnnual report
「Of the capital of ¥6,321,631,918 as of 31 March 2020, ¥6,221,631,918 will be reduced, leaving ¥100,000,000.」
A reduction in capital was approved, reducing capital from approximately ¥6.3 billion to ¥100 million and transferring the reduction amount to other capital surplus. The effective date was scheduled for 1 August 2020.