TOKYO, May 21 (Pulse News Wire) – Sintokogio,ltd. (6339.T) resolved at its board meeting held, to reallocate part of its additional reserve fund to the carried-forward surplus reserves.
Under Article 459 of the Companies Act, which permits certain actions through board resolutions, the company decided to reduce the additional reserve fund by ¥9 billion and increase the carried-forward surplus reserves by ¥9 billion. This move aims to facilitate loss processing and final dividend payments, while also enabling ongoing shareholder returns and capital policies.
The resolution took effect immediately. According to the company, this adjustment involves merely reallocating accounting items within shareholders' equity and does not impact operating performance.
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