TOKYO, May 14 (Pulse News Wire) – Bplats,inc. (4381.T) announced today that its board of directors resolved to reduce the capital stock and surplus fund amount and dispose of residual profits at the upcoming 20th annual shareholders' meeting scheduled for June 22, 2026.
The purpose of reducing the capital stock and surplus fund amount is to alleviate tax burdens and enhance the company's financial health while ensuring future flexibility in capital policy. According to the Companies Act, the reduction will involve transferring the decreased amounts to other capital surpluses. Specifically, the company plans to decrease the capital stock by ¥96.4 million out of ¥146.4 million and fully reduce the surplus fund of ¥324.3 million by ¥324.3 million. Additionally, the other capital surplus will increase by ¥420.7 million. Furthermore, based on the Companies Act, the company intends to transfer the reduced other capital surplus to carried-forward profit surplus as a means to cover deficits.
Post-transfer, the carried-forward profit surplus will amount to --¥506.2 million. The reduction involves decreasing the other capital surplus by ¥420.7 million and increasing the carried-forward profit surplus by ¥420.7 million. The schedule for these actions includes a board resolution date of May 14, 2026, a shareholder meeting decision date of June 22, 2026, a final creditor objection deadline of July 31, 2026, and an effective date of August 1, 2026. Looking ahead, the company stated that this transaction represents a reallocation within the equity section without affecting the total equity or performance. Approval at the annual shareholders' meeting on June 22, 2026, remains conditional for these changes to take effect.
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