SANKO MARKETING FOODS CO.,LTD. [2762.T]
TOKYO, May 15 (Pulse News Wire) – Sanko Marketing Foods CO.,LTD. (2762.T) announced today that its extraordinary shareholders meeting will be held on June 26 at 11 a.m.
At Keiyakikayuki Hall in Tokyo, Kiyose Shi Motomachi Ichi Choume. The agenda includes reducing capital stock and reserve funds, which was decided during the board meeting on May 15. The reduction involves decreasing the capital stock from ¥211.1 million to ¥10 million and transferring the difference to surplus reserves. Similarly, the capital reserve fund will decrease from ¥201.1 million to ¥0.
Both reductions will take effect on June 30, subject to approval at the extraordinary meeting. Details of the capital reduction process include setting the final capital stock amount based on any exercise of subscription rights or third-party allotments made between May 16 and June 30. The company emphasizes that the reduction will not alter the total number of issued shares or per-share net assets. The decision aims to enhance flexibility in future capital policies while ensuring no impact on earnings or asset value.
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