TOKYO, May 25 (Pulse News Wire) – VT Holdings CO.,LTD. (7593.T) announced today that its board of directors, which met, resolved to propose reducing capital and surplus reserves at its upcoming annual general meeting scheduled for June 25, 2026.
The reduction aims to enhance future distributable amounts and ensure flexibility in the company's capital policy. According to Article 448, Paragraph 1 of the Companies Act, the entire amount of capital reserve of ¥2.728 billion and the entire amount of profit reserve of ¥255.0 million will be transferred to other capital surplus and carried-forward earnings surplus, respectively.
The schedule for the reduction includes the publication of creditor objection notices on June 30, 2026, and the final deadline for creditors' objections on July 30, 2026. The effective date of the reduction is set for August 4, 2026.
In a statement, the company emphasized that this transaction involves merely reallocating balances within the equity section without altering total shareholders’ equity or impacting performance metrics.
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