Seven & i Holdings Co.,Ltd. [3382.T]
TOKYO, Apr 16 (Pulse News Wire) – Seven & I Holdings CO.,LTD. (3382.T) resolved to reduce its capital reserve and amend its articles of incorporation at a board meeting held.
The proposals will be put forward at the upcoming 21st annual shareholders' meeting scheduled for May 27, 2026. The company plans to decrease its capital reserve by reducing it by ¥350.0 billion out of the current total of ¥425.5 billion. This reduction, amounting to ¥350.0 billion, will be transferred to additional paid-in capital to enhance distributable funds and prepare for future capital policies.
The effective date for the capital reserve reduction is set for July 17, 2026, with creditor objections due by July 16, 2026. Additionally, the company intends to amend Article 13 of its articles of incorporation to allow for location-free shareholder meetings, aiming to improve attendance and efficiency while mitigating risks associated with infectious diseases and natural disasters. The amendment will take effect on May 27, 2026, pending approval at the shareholders' meeting.
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