1、【focus！ 】6/27 at the shareholders meeting of ToshibaPresident Amikawa saysReducing capital will allow us to make dividends and buy back issued shares in order to encourage our performance. ROE（return on ）current annual number ofprofit issued sharesROE shareholders number of equity issued shares What
2、 the meaning of green square? Why divided by the number of issued shares?The relationship between capital and profitCapitalcapital means initial collected money. initial situation at the birth from next yearInitial capitalreservationlegal capital surpluslegal retained earningsvoluntary reserveHow do
3、es the “factual capital” works? capitalcurrent annual profitShareholders equityThink about the shareholdersDivide to 3Divide to 5Which size do they feel best?Divide to 10The corporation buy back its shares by the reservation. If the corporation has issued to many shares, shareholders do not feel qui
4、te happy. Even if the corporation is profitable, they have to divide all the profit by so many shares ! That leads to reduce the number of share. If the corporation buys issued shares by the purple reservation, and will be both achieved !Is it possible to buy back its shares by the red capital? No-r
5、efund rule ! To protect corporate creditors. However if the board of directors has collected too much capital, is it better to return a part of capital because directors can not use whole of capital effectively. That leads to buy shares by the red capital.* Is it possible to refund capital by the dividends ?
