Sharp 2015 Annual Report Download - page 56

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Ⅱ. Reduction of Common Stock and Capital Reserve, and Appropriation of Surpluses for the
121st Term
1. Purpose of reduction of common stock and capital reserve, and appropriation of surpluses
In order for the Company to promptly improve its financing standing to prepare for a dynamic and
flexible capital policy in the future, the Company decided to reduce common stock and capital reserve
transferring distributable amounts to other capital surplus. The Company also decided to dispose of
surplus in accordance with the provisions of Article 452 of the Companies Act to cover deficiencies
in retained earnings carried forward by using other capital surplus increased by reduction of common
stock and capital reserve.
2. Terms and conditions of Reduction of Common Stock and Capital Reserve
(1) Amounts of common stock to be decreased
233,884,726,500 yen
(2) Amounts of capital reserve to be decreased
196,759,726,500 yen
(3) Method of reduction of common stock and capital reserve
After implementing reduction of common stock and capital reserve based on the provisions of
Article 447, Paragraph 1 and Article 448, Paragraph 1 of the Companies Act, the Company will
transfer the total amount of common stock and capital reserve to other capital surplus.
(4) Schedule of Reduction of Common Stock and Capital Reserve
May 14, 2015
(Thursday)
Resolution of Board of Directors meetings related to reduction of common
stock and capital reserve
Resolution of Board of Directors meetings related to proposal to reduction
of common stock and capital reserve to be discussed by Ordinary General
Meeting of Shareholders
May 29, 2015
(Friday) Public notice with respect to statements of objection by creditors
June 23, 2015
(Tuesday) Resolution of Ordinary General Meeting of Shareholders
June 29, 2015
(Monday) Final deadline for statements of objection by creditors
June 30, 2015
(Tuesday) Effective date of reduction of common stock and capital reserve (planned)
(5) Others
Reduction of common stock and capital reserve is subject to issuance of Class A Shares and
Class B Shares becoming effective. Reduction of common stock and capital reserve is a transfer
appropriation in which common stock and capital reserve in net assets as indicated on the bal-
ance sheet are transferred to the account of other capital surplus, which does not change the
Company’s net asset amounts.
3. Terms and conditions of Appropriation of Surpluses
(1) Amounts of surplus to be decreased
Other capital surplus 219,780,861,290 yen
(2) Amounts of surplus to be increased
Retained earnings carried forward 219,780,861,290 yen
Notes to the Consolidated Financial Statements
54
Financial Section
Notes to the Consolidated
Financial Statements
Segment Outline
Medium-Term Management Plan
for Fiscal 2015 through 2017
Investor Information
Directors, Audit & Supervisory Board
Members and Executive Officers
Risk Factors
Corporate Governance
Contents
Corporate Social
Responsibility (CSR)
Message to our Shareholders
Fiscal 2014 Review by
Product Group
Financial Highlights
SHARP Annual Report 2015
Consolidated
Subsidiaries
Independent Auditor’s
Report
Consolidated Statements of
Cash Flows
Consolidated Statements of
Changes in Net Assets
Consolidated Statements of
Comprehensive Income
Consolidated Statements of
Operations
Consolidated Balance Sheets
Financial Review
Five-Year Financial Summary