UNIVA Oak Holdings Limited [3113.T]
TOKYO, May 15 (Pulse News Wire) – UNIVA Oak Holdings Limited (3113.T) resolved at its board meeting held on May 15 to propose reducing capital and distributing surplus reserves at its upcoming annual shareholders' meeting scheduled for June 25, 2026. The purpose of the reduction and distribution includes replenishing deficits, enhancing financial health, and ensuring flexibility in future capital policies, including shareholder returns.
According to the Companies Act, the company plans to decrease its capital amount of ¥547.5 million by ¥447.5 million and transfer the entire reduced amount to additional paid-in capital. Following this, the remaining capital will be adjusted to ¥100 million. The method chosen is (unpaid reduction without share repurchase), maintaining the total number of issued shares but decreasing the capital amount alone. The effective date for the capital reduction is set for June 25, 2026.
Additionally, based on the same condition, the company intends to reduce the necessary amount from additional paid-in capital and transfer it to retained earnings to cover deficits. As a result, the amount of retained earnings will be adjusted to ¥0. Key dates include: - Notice publication for creditors’ objections: May 15, 2026 - Deadline for creditor objections: June 25, 2026 This transaction involves transferring funds within equity accounts and does not affect the company’s net assets or performance. Approval from the annual shareholders' meeting on June 25, 2026 is conditional for implementation.
--- The move aims to strengthen the company's financial structure while preserving the existing number of outstanding shares and per-share net asset value, thereby facilitating potential dividend payouts in the future.
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