TOKYO, Apr 13 (Pulse News Wire) – CREEMA LTD. (4017.T) resolved at its board meeting held, to propose reducing capital reserves and distributing surplus reserves at its upcoming annual general meeting scheduled for May 26, 2026.
The reduction aims to address accumulated deficits due to continuous growth investments since inception until the fiscal year ending February 2019. Despite achieving profitability since February 2020, except for one period, the company seeks to strengthen its financial health and ensure flexibility in future capital policies. Under the resolution, the entire amount of capital reserve, totaling ¥541.7 million, will be reduced and transferred to additional capital surplus of ¥541.7 million.
Additionally, part of the additional capital surplus, ¥1.387 billion, will be shifted to retained earnings, bringing the total to ¥1.387 billion. Key dates for the process include the shareholders' meeting on May 26, 2026, creditor objection notice publication on May 27, 2026, final creditor objection deadline on June 29, 2026, and the effective date set for June 30, 2026, subject to shareholder approval. This adjustment involves internal transfers within equity accounts without altering overall net assets or affecting share count, thus leaving per-share net asset value unchanged.
Any changes to the schedule based on creditor objections will be promptly disclosed through the board's decision-making process.
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