1、【focus！】6/27 at the shareholders meeting of Toshiba,President Amikawa says,Reducing capital will allow us to make dividends and buy back issued shares in order to encourage our performance.,ROE（return on ）,current annual number of profit issued sharesROEshareholders number of equity issued sharesWha
2、t the meaning of green square? Why divided by the number of issued shares?,The relationship between capital and profit,Capital,capital means initial collected money.,initial situation at the birth,from next year,Initial capital,reservation legal capital surplus legal retained earnings voluntary rese
3、rve,How does the “factual capital” works?,capital,current annual profit,Shareholders equity,Think about the shareholders,Divide to 3,Divide to 5,Which size do they feel best?,Divide to 10,The corporation buy back its shares by the reservation.,If the corporation has issued to many shares, shareholde
4、rs do not feel quite 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 r
5、ed capital?,No-refund 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 ?,So nowadays,Annual profits,Directors have power,資本準備金,Buy its shares * to adjust the number of shares,Dividends to shareholders,capital,reservations,
