NITTO DENKO CORPORATION [6988.T]
TOKYO, Mar 30 (Pulse News Wire) – Nitto Denko Corporation (6988.T) resolved to reduce its capital reserve amount at a board meeting held. The reduction will be presented to shareholders at the 161st regular general meeting scheduled for June 19, 2026.
The purpose of reducing the capital reserve is to ensure flexibility in future capital policy. According to Article 448, Paragraph 1 of the Companies Act, the company plans to decrease the capital reserve amount by ¥47.80 billion out of ¥50.48 billion and transfer the entire reduced amount to other capital surplus.
The schedule for the capital reserve reduction includes: - Board resolution date: March 30, 2026 - Shareholders' meeting resolution date: June 19, 2026 (planned) - Notice publication date for creditor objections: June 29, 2026 (planned) - Final deadline for creditor objections: July 29, 2026 (planned) - Effective date: September 30, 2026 (planned) This action involves a reallocation within the equity section without affecting the total equity balance or impacting the company's performance.
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