TOKYO, May 25 (Pulse News Wire) – I-Freek Mobile Inc. (3845.T) resolved today to reduce its capital stock and reserve fund amount at its upcoming annual general meeting scheduled for June 25, 2026.
The reduction aims to enhance flexibility and agility in future capital policies, according to the company's president, Yoshiya Kunishige. Under the provisions of Article 447 and Article 448 of the Companies Act, the company plans to decrease its capital stock from ¥45.1 million to ¥10 million. Additionally, the reserve fund will be reduced from ¥35.1 million to ¥0.
Both reductions will be offset by an equivalent increase in other surplus reserves. However, if any outstanding subscription rights are exercised prior to the effective date, the final reduced amounts could vary. Key dates for the process include: - Announcement of creditor objection period: May 27, 2026 - Shareholders' meeting resolution expected: June 25, 2026 - Final deadline for creditor objections: June 29, 2026 - Effective date of the reduction: July 01, 2026 This adjustment involves a reallocation within the equity section without impacting the overall net assets or performance of the company.
Approval from shareholders at the annual meeting on June 25, 2026 is conditional for the implementation of these changes.
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