TOKYO, Apr 01 (Pulse News Wire) – Mynet Inc. (3928.T) announced today that its capital reduction, approved at the 20th Ordinary General Meeting of Shareholders held on March 26, 2026, became effective on April 01, 2026.
The purpose of the reduction was to enhance the flexibility of the company's capital policy and improve enterprise value. According to the provisions of the Companies Act, Article 447(1) and Article 448(1), the company decreased its capital stock from ¥49.6 million to ¥10 million. Additionally, the entire amount of the capital surplus fund, originally ¥1.390 billion, was reduced to ¥0.
Both reductions were transferred entirely to other capital surplus funds. The key dates associated with this process included: resolution by the board of directors on February 24, 2026; creditor objection notice publication also on February 24, 2026; final deadline for creditor objections on March 24, 2026; shareholders' meeting decision on March 26, 2026; and the effective date of the reduction on April 01, 2026. Looking ahead, the company stated that this transaction involves merely a reallocation within the equity section of the balance sheet and does not affect total shareholder equity or the company’s performance.
🟢 Confidence: High AI-translated content.