Komori
Share Issuance and Disposal2934J Frontier Co.,Ltd.Food

Notice Concerning a Reduction in the Amount of Capital Reserve and Disposition of Surplus

The Company will submit to the General Meeting of Shareholders a proposal to reduce the entire amount of its capital reserve, ¥665,644,933, and transfer it to other capital surplus, and to transfer ¥2,708,970,617 of that amount to retained earnings brought forward. These are transfers between account items, and total net assets will remain unchanged.

Worth reading
24Immaterial
Scored from 4 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
2708970617
¥
Wording
Conditional
How definitive the wording is.

Details of issuance or disposal

Procedures under the Corporate Code of Conduct
Subject to approval by resolution at a shareholders' meeting
Impact on Business Performance
There will be no change in net assets and no impact on financial results.
Details of issuance or disposal
ItemDetails
Procedures under the Corporate Code of ConductSubject to approval by resolution at a shareholders' meeting
Impact on Business PerformanceThere will be no change in net assets and no impact on financial results.
Items this document does not state (26)
Type of issuance or disposalNumber of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allotteeIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMost recent equity financingMajor shareholders after the offering

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To eliminate the deficit in retained earnings brought forward, improve the Company's financial structure, and establish a capital structure that will facilitate the flexible implementation of capital and shareholder return policies going forward.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Concerning a Reduction in the Amount of Capital Reserve and Disposition of Surplus | J Frontier Co.,Ltd. (2934) timely disclosure | Komori