Techno Mathematical Co.,Ltd. [3787.T]
TOKYO, May 14 (Pulse News Wire) – Techno Mathematical CO.,LTD. (3787.T) resolved at its board meeting held today to propose reducing capital and disposing of surplus funds at its upcoming annual shareholders' meeting scheduled for June 24, 2026.
The reduction involves decreasing the capital stock amount from ¥2.032 billion to ¥100 million. All of the reduced capital stock amount will be transferred to the capital reserve fund. Additionally, the entire amount of the increased capital reserve fund of ¥4.094 billion will be decreased to ¥0. The reduced amount will be transferred entirely to other capital surplus reserves. Furthermore, based on the provisions of the Companies Act, the company plans to dispose of surplus funds contingent upon the effectiveness of the capital reductions.
Specifically, ¥2.337 billion from the increased other capital surplus reserves of ¥4.094 billion will be transferred to retained earnings. As a result, the other capital surplus reserves will decrease to ¥1.757 billion. Retained earnings will increase by ¥2.337 billion, fully covering the previous cumulative loss of ¥2.337 billion, resulting in a total increase to ¥0. Key dates include the board resolution date of May 14, 2026, the shareholders' meeting proposal date of June 24, 2026, creditor objection notice publication day of March 31, 2026, final creditor objection submission deadline of June 25, 2026, and the effective date of July 31, 2026. This action does not affect the company's net assets or outstanding share count, thus having no impact on per-share net asset value or performance.
Approval by the shareholders at the annual meeting on June 24, 2026 is conditional for implementation.
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