Happiness and D Co.,Ltd.
Notice Regarding Reduction of Capital and Capital Surplus and Appropriation of Surplus
Reduce the amounts of capital and capital surplus and transfer the reduced amounts to other capital surplus. As appropriation of surplus, transfer the same amount to retained earnings to cover deficits. The schedule is subject to shareholder meeting approval and is expected to take effect on 2027-01-12. The company explains there will be no change in net assets.
Key Figures
- Reduction in capital: 50,000,000 yen
- Capital after reduction: 50,000,000 yen
- Amount of capital surplus reduction: 460,237,087 yen
- Capital surplus after reduction: 136,096,963 yen
- Amount transferred from other capital surplus: 1,029,571,137 yen
- Increase in retained earnings: 1,029,571,137 yen
AI要約
Overview of Capital Policy
This announcement notifies the submission to the annual general meeting of shareholders of a capital policy that includes a gratuitous capital reduction to decrease the amounts of capital and capital surplus for the purpose of covering deficits and transferring the reduced amounts to other capital surplus. The reduced capital surplus will be transferred to retained earnings and applied to cover deficits. No changes will be made to the number of outstanding shares or any repayments, and the total net assets are not expected to change. The resolution is predicated on approval at the shareholders meeting on 2026-11-28.
Impact on Shareholders and Outlook
The reduction in capital and capital surplus represents an internal reclassification and does not affect the total net assets. The transfer to retained earnings to cover deficits is planned, aiming to improve financial health and secure flexibility in capital policy. Specific dates are: board resolution on 2026-10-27, shareholders meeting resolution on 2026-11-28, and effective date scheduled for 2027-01-12.
Happiness and D Co.,Ltd.
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