Axelspace Holdings Reduces Capital Reserve and Transfers Surplus Fund

TOKYO, Jul 24 (Pulse News Wire) – Axelspace Holdings Corporation (402A.T) announced today that its board of directors resolved to reduce capital reserves and allocate surplus funds based on Article 459 of the Companies Act. The decision aims to cover accumulated losses and ensure flexibility in future capital policies and financial strategies.

Under Article 448 of the Companies Act, the company plans to decrease its capital reserve by ¥13.47 billion and transfer it to other capital surplus. Additionally, pursuant to Article 452, the company intends to shift an equivalent amount from other capital surplus to retained earnings to offset previous deficits.

The resolution was made, and the effective date is scheduled for August 27, 2026. As per Article 449 of the Companies Act, there will be no creditor objection procedures due to the conditions met.

Looking ahead, the company stated that this transaction involves a reallocation within equity accounts and will not affect net assets or performance metrics.