TOKYO, May 28 (Pulse News Wire) – Jinjib CO.,LTD. (142A.T) announced today that its board of directors, held, resolved to propose capital reduction and surplus distribution at its upcoming 12th Annual General Meeting scheduled for June 25, 2026.
The proposal aims to address a deficit of ¥66.8 million in carried-forward profits as of March 31, 2026, by transferring reduced capital and reserves to other capital surpluses and subsequently reallocating part of those surpluses to cover the deficit. This move will not affect the number of shares owned by shareholders nor alter the company's net assets or per-share net asset value. Specifically, the company plans to reduce its capital from ¥304.1 million to ¥50 million and its reserve fund from ¥334.4 million to ¥50 million.
Following the resolution, the total amount of other capital surplus will be reallocated to carry-forward profit surplus, increasing it to ¥64.3 million. The timeline for these actions includes creditor objection notices on June 26, 2026, and final objections due on July 26, 2026, with the effective date set for August 1, 2026. Approval by shareholders at the annual meeting remains conditional for implementation.
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