Source disclosure: March 05, 2026, 15:30 JST
Published by Pulse News Wire: March 05, 2026, 15:39 JST
JOHNAN ACADEMIC PREPARATORY INSTITUTE,INC. [472A.T]
TOKYO, Mar 05 (Pulse News Wire) – Johnan Academic Preparatory Institute,inc. (472A.T) announced today that its board of directors had resolved to reduce capital reserves and allocate surplus funds based on Article 459 of the Companies Act.
The reduction involves decreasing capital reserves by ¥2,231,074,390 from ¥5,300,370,500, transferring the reduced amount to additional paid-in capital, which will then be moved to retained earnings to cover accumulated losses. This action aligns with Article 449 of the Companies Act, thus avoiding creditor objection procedures.
Additionally, the company plans to shift ¥2,231,074,390 from additional paid-in capital to retained earnings to address deficits. Both resolutions took effect immediately upon approval during the March 5 board meeting.
This adjustment does not impact the company's net assets or performance, as it merely reallocates balances within equity accounts without altering total equity value.
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