TOKYO, Jun 26 (Pulse News Wire) – Ukai CO.,LTD. (7621.T) announced today that its board of directors resolved to reduce the company's capital stock amount.
The reduction is aimed at securing long-term options for shareholder returns, according to the company’s statement. Under Article 447, Paragraph 1 and 3 of the Companies Act, the company plans to decrease its capital stock by ¥13.4 million from the current amount of ¥100 million, resulting in a post-reduction capital stock of ¥86.6 million. This reduction will coincide with the issuance of restricted shares to directors, ensuring that the reduced capital does not fall below the pre-reduction level.
The timeline for the capital reduction includes: - Board resolution date: June 26, 2026 - Notice publication date for creditor objections: June 30, 2026 (tentative) - Final deadline for creditor objections: July 31, 2026 (tentative) - Effective date: August 03, 2026 (tentative) This adjustment involves transferring the entire reduced capital amount to additional paid-in capital, without affecting the company's net assets or performance. The simultaneous share issuance will maintain the capital stock at the same level as before the reduction becomes effective. Ukai CO.,LTD.
Emphasizes that this transaction is purely an internal accounting reallocation within shareholders' equity and will not impact the company's overall financial standing or operations.
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