Source disclosure: February 16, 2026
SEKIDO CO.,LTD. [9878.T]
TOKYO, Feb 16 (Pulse News Wire) – Sekido CO.,LTD. (9878.T) announced today that its board of directors has resolved to reduce the company's capital amount and propose the measure to the extraordinary shareholders' meeting scheduled for March 19, 2026.
The reduction aims to enhance the flexibility and agility of the company’s financial and capital policies. According to Article 447, Paragraph 1 of the Companies Act, the company plans to decrease its capital amount from ¥469.3 million to ¥10 million. Additionally, should some or all of the outstanding subscription rights be exercised prior to the effective date of the reduction, the final reduced capital amount would be adjusted to ¥10 million. The method of reduction involves without repayment, meaning there will be no changes to the total number of issued shares; instead, the entire reduction amount will be transferred to additional paid-in capital.
This adjustment does not affect the company's net assets, share count, or earnings per share. Key milestones for the process include the publication of creditor objection notices on February 17, 2026, and the deadline for creditors to file objections on March 17, 2026. The reduction will take effect on March 19, 2026, subject to approval at the upcoming shareholders’ meeting. This capital reduction is purely an internal accounting reallocation within the equity section and will not impact the company’s net asset value or operations.
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