Cookbiz to Cut Capital and Transfer Surplus Reserves

TOKYO, Jul 15 (Pulse News Wire) – Cookbiz CO.,LTD. (6558.T) announced plans to reduce capital and transfer surplus reserves at its extraordinary shareholders' meeting scheduled for July 15, 2026.

The move aims to address accumulated deficit losses, enhance financial health, and ensure flexibility in future capital policies. Specifically, the company intends to decrease its capital stock from ¥762.3 million to ¥10 million and reduce its reserve fund from ¥755.3 million to ¥10 million. Both reductions will be transferred to additional paid-in capital. Additionally, part of the increased additional paid-in capital will be reallocated to retained earnings to cover deficits.

The timeline includes a board resolution , followed by the shareholder meeting on July 15, 2026. Notices to creditors will be published on August 19, 2026, with objections due by August 28, 2026. The effective date is set for September 29, 2026. This restructuring involves internal account adjustments within equity without altering total assets or outstanding shares.

Approval from the extraordinary shareholders' meeting on July 15, 2026 is conditional for implementation.