Source disclosure: February 24, 2026
Mynet Inc. [3928.T]
TOKYO, Feb 24 (Pulse News Wire) – Mynet Inc. (3928.T) announced today that its board of directors decided to reduce the company's capital stock and reserve fund amounts.
The reduction, referred to as "the capital decrease," will take effect on April 1, 2026, contingent upon approval during the upcoming annual shareholders' meeting scheduled for March 26, 2026. The purpose of the capital decrease is to ensure flexibility and agility in the company’s capital policy while enhancing corporate value. According to the Company Law, Article 447, Paragraph 1, and Article 448, Paragraph 1, the total amount of capital stock will be reduced from ¥49.6 million to ¥10 million, resulting in a decrease of ¥39.6 million. Similarly, the reserve fund amount will be decreased from ¥1.390 billion to ¥0, reducing by ¥1.390 billion.
Both reductions will be transferred entirely to additional paid-in capital without altering the number of outstanding shares. The timeline includes a creditors’ objection notice, and the final deadline for creditor objections on March 24, 2026. The annual shareholders' meeting to vote on the proposal is set for March 26, 2026. In terms of future outlook, the company stated that the capital decrease involves merely reallocating items within the equity section of the balance sheet and will not affect the overall net assets or performance.
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