TOKYO, May 19 (Pulse News Wire) – QLS Holdings Co.,ltd (7075.T) announced today that its board of directors has resolved to reduce the company's capital stock ahead of the scheduled annual general meeting on June 26, 2026. The reduction aims to maintain financial stability through appropriate tax treatment and enhance flexibility in capital policy without altering the total number of outstanding shares or affecting shareholders' equity per share.
Under the plan, the company’s capital stock will decrease from ¥178.6 million to ¥10 million. This adjustment involves transferring the reduced amount to additional paid-in capital.
Should any stock options be exercised prior to the effective date of the reduction, the figures could fluctuate accordingly. Key milestones for the process include: - Board resolution date: May 19, 2026 - Shareholders’ meeting decision date: June 26, 2026 (planned) - Notice publication for creditor objections: July 28, 2026 (planned) - Final deadline for creditor objections: August 28, 2026 (planned) - Effective date of the capital reduction: August 31, 2026 (planned) This strategic move is expected to streamline the company's capital structure without impacting overall net assets or operational performance, contingent upon approval at the upcoming shareholder meeting.
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