SPACE SHOWER SKIYAKI HOLDINGS INC. [4838.T]
TOKYO, May 29 (Pulse News Wire) – SPACE SHOWER SKIYAKI HOLDINGS INC. (4838.T) resolved at its board meeting held on May 29, 2026 to reduce its capital reserve fund and transfer the amount to other capital surplus funds.
The reduction and transfer will be put forward at the 32nd regular shareholders' meeting scheduled for June 25, 2026. The purpose of the reduction and transfer is to ensure flexibility in future capital policy based on Article 448, Paragraph 1 of the Companies Act.
The entire amount of the capital reserve fund, which is currently ¥977.6 million, will be reduced and transferred to other capital surplus funds, resulting in a post-reduction balance of ¥0. Key dates for the process include: - Board resolution date: May 29, 2026 - Shareholders' meeting decision date: June 25, 2026 (planned) - Notice publication date for creditor objections: July 24, 2026 (planned) - Final deadline for creditor objections: August 24, 2026 (planned) - Effective date: September 01, 2026 (planned) This adjustment involves a reclassification within the equity section without changing the total equity value, thus having no impact on performance metrics.
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