Nitto Denko Corporation

6988.T
Specialty Chemicals
2026/04/07 Updated
Market Cap: $13.0B (¥2.1T)
Stock Price: $19.30 (¥3,083)
Exchange Rate: 1 USD = ¥159.74

Notice Regarding the Decrease of Capital Reserve Amount

A capital policy to decrease ¥50,482,147,034 of capital reserve by ¥47,800,000,000 and transfer the full amount to additional paid-in capital is scheduled to be submitted at the shareholders meeting on June 19, 2026.

Importance:
Page Updated: March 30, 2026
IR Disclosure Date: March 30, 2026

Key Figures

  • Capital Reserve Amount: ¥50,482,147,034
  • Decrease Amount: ¥47,800,000,000
  • Effective Date: Scheduled for September 30, 2026

AI要約

Overview of the Decrease in Capital Reserve Amount

Nitto Denko Corporation resolved at the Board of Directors meeting on March 30, 2026, to decrease the capital reserve amount by ¥47,800,000,000 from ¥50,482,147,034 and transfer the full amount to additional paid-in capital. This measure is implemented pursuant to Article 448, Paragraph 1 of the Companies Act, aiming to enhance capital policy flexibility. The effective date of the decrease is scheduled for September 30, 2026.

Future Outlook and Impact on Shareholders

This is an internal transfer within net assets accounts with no change to the total net assets. Therefore, there is no impact on financial performance, nor any direct change to shareholders’ rights or ownership ratio. After resolution at the 161st Annual General Meeting of Shareholders on June 19, 2026, and after the creditor objection period, the change will take effect.

This page uses AI to summarize IR materials from TDnet. Please refer to the original document for investment decisions.