TOKYO, May 20 (Pulse News Wire) – RIBOMIC Inc. (4591.T) resolved today to reduce its capital stock and reserve funds and allocate surplus reserves to address a loss carryforward deficit of ¥3.189 billion reported as of March 2026.
The company plans to shift these adjustments to additional paid-in capital, aiming to alleviate tax burdens and bolster financial health without altering shareholder equity or share count. The reduction involves cutting capital stock by ¥822.4 million from ¥872.4 million and reducing reserve funds by ¥2.366 billion from ¥5.157 billion. Post-reduction figures stand at ¥50 million for capital stock and ¥2.79 billion for reserve funds.
Any exercise of outstanding subscription rights prior to the effective date could impact these figures. Additionally, RIBOMIC intends to reallocate ¥3.189 billion from additional paid-in capital to retained earnings, thereby filling the loss carryforward gap and bringing the adjusted balance to ¥0. This move ensures the company's financial stability while maintaining overall asset value unchanged.
Key milestones include: - Shareholders' meeting resolution date: June 23, 2026 - Shareholders' meeting scheduled date: June 23, 2026 - Notice publication date for creditors’ objections: June 30, 2026 - Final deadline for creditor objections: July 31, 2026 - Effective implementation date: August 03, 2026 No anticipated impact on the company’s performance is expected from these measures.
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