TOKYO, Apr 15 (Pulse News Wire) – Imageone CO.,LTD. (2667.T) announced adjustments to its capital reduction schedule due to incomplete legal procedures identified during initial planning.
Originally scheduled for February 1, 2026, the reduction was postponed because the necessary creditor protection measures under company law had not been completed. In response, ImageONE decided to correct the process and ensure adherence to legal requirements. The company stated that the planned reductions in capital stock and reserve funds, along with transfers to retained earnings, would be deferred until the revised procedures are finalized and effective. Going forward, ImageONE plans to strengthen preventive measures by enhancing pre-approval processes involving legal experts such as judicial scriveners, advisors, and auditing firms.
Additionally, the company will improve communication and cross-departmental checks among legal, accounting, and IR teams to prevent similar issues in the future. The revised effective date for the capital reduction will be determined at the upcoming board meeting scheduled for April 23, 2026. ImageONE assured stakeholders that the delay does not impact operational performance directly since the reduction involves without repayment. The company apologized for any inconvenience caused to shareholders and committed to reinforcing management systems to prevent recurrence.
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