KYOTO KIMONO YUZEN HOLDINGS Co.,Ltd. [7615.T]
TOKYO, May 11 (Pulse News Wire) – Kyoto Kimono Yuzen Holdings CO.,LTD. (7615.T) announced today that its board of directors has resolved to propose a capital reduction at its upcoming annual general meeting scheduled for June 24, 2026.
The purpose of the capital reduction, which involves decreasing the capital stock amount from ¥642.7 million to ¥100 million, is to enable more flexible capital policy adjustments moving forward. According to Article 447, Paragraph 1 of the Companies Act, the reduced capital stock amount of ¥542.7 million will be transferred entirely to additional paid-in capital reserves without altering the total number of issued shares.
Key dates for the process include the creditor objection notice publication on May 15, 2026, and the final deadline for creditor objections on June 15, 2026. The resolution is contingent upon approval at the shareholders' meeting on June 24, 2026, with the effective date also set for June 24, 2026.
This adjustment is expected to have minimal impact on the company's performance, as it primarily involves reallocating funds within the equity section of the balance sheet without changing the overall net asset value.
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