2024.10.21
At the Board of Directors meeting held on October 10, 2024, the Company resolved to reduce the amount of its stated capital as outlined below.
Purpose of the Capital Reduction
The reduction will be carried out in accordance with Article 447, Paragraph 1 of the Companies Act to ensure flexibility and agility in capital policy.
Please note that this is a transfer of accounts within the net assets section of the balance sheet, and it will not result in any changes to the amount of net assets.
Outline of the Capital Reduction
Amount of Capital Reduction
The Company will reduce the amount of its stated capital by JPY 300 million from the current amount of JPY
400million, resulting in a new amount of stated capital of JPY 100 million.
Method of Capital Reduction
The capital reduction will be a non-compensated reduction without any refund, and the capital reduction
amount will be transferred to other capital surplus.
Schedule for the Capital Reduction
| Extraordinary Board of Directors resolution | October 10, 2024 |
| Extraordinary Shareholders Meeting | Late November 2024 (planned) |
| Effective date | December 1, 2024 (planned) |
Future Outlook
This reduction shall be a transfer of accounts within the net assets section of the balance sheet and will not affect the amount of net assets or have any impact on the Company’s performance.
This reduction in the amount of the Company’s stated capital is subject to approval and resolution at the extraordinary shareholders meeting scheduled for late November 2024.