Source disclosure: February 19, 2026
GOOD LIFE COMPANY,INC. [2970.T]
TOKYO, Feb 19 (Pulse News Wire) – Good Life Company,inc. (2970.T) announced today that its board of directors, held , resolved to propose a reduction in capital at its upcoming 18th Annual General Meeting scheduled for March 26, 2026.
The purpose of the reduction is to enhance the flexibility and agility of the company's future capital policy, based on Article 447, Paragraph 1 of the Companies Act. Under this proposal, the company plans to decrease its capital stock from ¥69.7 million to ¥20 million. However, should any outstanding subscription rights be exercised prior to the effective date, the reduction amount would increase to ¥20 million.
The method of reducing capital involves transferring the entire reduced amount to "Other Capital Surplus Fund," according to Article 447, Paragraph 1 of the Companies Act. Key dates for this process include the creditor objection announcement on March 27, 2026, and the final day for objections on April 27, 2026, with the reduction taking effect on May 1, 2026. In terms of impact, the company stated that the reduction in capital will merely reallocate funds within shareholders' equity and will not affect the overall net assets or performance of the company.
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