IVY COSMETICS CORPORATION [4918.T]
TOKYO, May 20 (Pulse News Wire) – Ivy Cosmetics Corporation (4918.T) announced today that its board of directors, meeting , resolved to propose reducing the capital stock amount and the capital surplus fund amount at its upcoming annual general meeting scheduled for June 25, 2026. The reduction aims to implement a flexible capital policy.
According to the Company Law, the company plans to decrease the capital stock amount without changing the total number of issued shares and transfer the reduced amount of ¥1 billion to other capital surplus funds. Similarly, the entire reduced amount of ¥500 million from the capital surplus fund will also be transferred to other capital surplus funds.
The schedule for the reductions includes: - Board resolution date: May 20, 2026 - Shareholders' meeting resolution date: May 20, 2026 (planned) - Notice publication date for creditor objections: June 25, 2026 (planned) - Final deadline for creditor objections: May 20, 2026 (planned) - Effective date: June 25, 2026 (planned) This action involves transferring balances within the equity accounts and does not affect net assets or performance. There will be no impact on the company's operating results due to this reclassification.
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