TOKYO, May 20 (Pulse News Wire) – TOKYO Electric Co. (6655.NG) announced today that its board of directors has resolved to reduce its capital stock amount at the upcoming 87th ordinary shareholders' meeting scheduled for June 26, 2026.
The reduction aims to optimize the capital structure and streamline accounting presentation without affecting shareholder equity or dividend policies. Under the plan, the company will decrease its capital stock from ¥1.037 billion to ¥300 million, transferring the reduced amount of ¥737.1 million to capital reserves.
This adjustment involves a (free reduction without repayment) and will maintain the total number of outstanding shares unchanged. Key milestones for the process include the resolution date of May 20, 2026, the anticipated shareholders' meeting decision on June 26, 2026, the final creditor objection deadline on August 5, 2026, and the effective date set for August 10, 2026.
The company emphasizes that this move does not impact net assets or earnings performance and requires approval at the upcoming shareholders' meeting.
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