TOKYO, Mar 23 (Pulse News Wire) – NCXX Group Inc. (6634.T) announced today that its board of directors has resolved to reduce the company's capital stock amount based on Article 447, Paragraph 3 of the Companies Act.
The reduction aims to maintain financial soundness through appropriate tax treatment aligned with the current business scale, ensuring flexibility and agility in capital policy as part of a long-term growth strategy. Under the resolution, the company plans to decrease its capital stock amount by March 23, 2026, effective May 1, 2026. This reduction will occur simultaneously with a third-party allotment share issuance approved by the same board meeting. Consequently, the total capital stock amount will remain unchanged prior to the effectiveness of the reduction.
The schedule includes a creditors' objection deadline of April 30, 2026 and an anticipated effective date of May 1, 2026. The entire reduction amount will be transferred to additional paid-in capital according to legal provisions. This reorganization does not involve cash transactions and will not affect the company’s net asset value. The simultaneous execution of the third-party allotment share issuance ensures that the capital stock amount remains stable compared to pre-reduction levels.
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