The Company resolved to reduce the amount of capital stock at the Ordinary General Meeting of Shareholders held on March 26, 2025, after a period for creditors to file objections.
Effective May 31, 2025, the Company hereby announces the following.
1. Purpose of the capital reduction
The purpose of the capital reduction is to maintain financial soundness through the application of appropriate taxation and to ensure flexibility and mobility of capital policy.
2. Details of capital reduction
(1) Amount of reduction: Capital stock was reduced from 2,570,593,000 yen to 100,000,000 yen by 2,470,593,000 yen.
(2) Method: The entire amount of the reduction was transferred to other capital surplus.
3. Effective date
May 31, 2025
4. Other
This is a transfer transaction between accounts in the net assets section and does not affect the Company’s net assets or results of operations.
and above
Public Relations Department, Taiyo Kogyo Corporation Phone: 06-6306-3033