KIMURATAN CORPORATION [8107.T]
TOKYO, May 28 (Pulse News Wire) – Kimuratan Corporation (8107.T) announced today that its board of directors, held, resolved to propose capital reduction and surplus distribution at its upcoming 63rd annual shareholders' meeting scheduled for June 23, 2026. The purpose of the proposed actions includes addressing accumulated losses from the previous fiscal year and enhancing the company's financial health while ensuring flexibility and agility in future capital policies.
According to the Company Law Article 447, the company plans to reduce its capital stock by transferring the amount to additional paid-in capital. Additionally, under Article 452, the increased additional paid-in capital will be transferred to retained earnings to cover deficits. Specifically, the company intends to decrease its capital stock by reducing the amount of ¥306.6 million out of ¥386.6 million, which will be fully transferred to additional paid-in capital, resulting in a reduced capital stock of ¥80 million.
Furthermore, the company aims to allocate ¥171.1 million from the additional paid-in capital to retained earnings on July 31, 2026. Key dates for the process include the final creditors' objection deadline on July 30, 2026, and the effective date of the capital reduction on July 31, 2026. The resolution also notes that this action does not affect the total number of outstanding shares or per-share net assets.
This move is expected to streamline the company’s balance sheet without altering its overall equity position, maintaining stability for shareholders.
🟢 Confidence: High AI-translated content.