Reduction of stated capital (capital reduction)
First written in FY2020-Q3. 1 of 2 entries say "Achieved", first in FY2020. Latest entry: FY2020.
- FY2020AchievedAnnual report
「31 August 2020 (Note) Reduction in stated capital through a non-compensated capital reduction, without changing the number of shares, representing a 98.8% capital reduction, based on a resolution of the extraordinary general meeting of shareholders held on 30 August 2020, with the aim of securing flexibility and agility in capital policy.」
The Company implemented a 98.8% capital reduction, reducing stated capital from ¥8,626 million to ¥100 million, and completed the planned capital policy measures. - FY2020-Q3First statedAnnual report
「In light of the impact of the spread of COVID-19, the Company's financial position and operating results for its 49th fiscal year are expected to be materially affected. Against this backdrop, the Company will reduce its stated capital under Article 447, Paragraph 1 of the Companies Act in order to secure flexibility and agility in its future capital policy. Of the stated capital of ¥8,626,219,748, ¥8,526,219,748 will be reduced, leaving ¥100,000,000. The effective date of the capital reduction is scheduled for 31 August 2020.」
In light of the impact of the spread of COVID-19, the Company has resolved to submit to an extraordinary general meeting of shareholders a proposal to reduce its stated capital from approximately ¥8.6 billion to ¥100 million.