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Share Issuance and Disposal3174Happiness and D Co.,Ltd.Retail

Notice Regarding Reductions in Stated Capital and Capital Reserve and Disposition of Retained Earnings

The company will reduce its capital stock by ¥569,334,050 and its capital reserve by ¥460,237,087, and transfer ¥1,029,571,137 via other capital surplus to cover the deficit in retained earnings. These are all transfers between accounts within net assets, and the number of shares and total net assets will remain unchanged.

Worth reading
26Immaterial
Scored from 4 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
1029571137
¥
Wording
Conditional
How definitive the wording is.

Details of issuance or disposal

発行済株式総数

No change

Procedures under the Corporate Code of Conduct
Subject to approval by resolution at a shareholders' meeting
Impact on Business Performance
No impact on financial results
Details of issuance or disposal
ItemDetails
Total number of issued sharesNo change
Procedures under the Corporate Code of ConductSubject to approval by resolution at a shareholders' meeting
Impact on Business PerformanceNo impact on financial results
Items this document does not state (25)
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 RateBasis 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 offset the deficit in retained earnings carried forward, strengthen the Company's financial position, secure flexibility and agility in its future capital policy, and maintain the soundness of its financial position through the application of an appropriate tax regime commensurate with its current business scale.

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 Regarding Reductions in Stated Capital and Capital Reserve and Disposition of Retained Earnings | Happiness and D Co.,Ltd. (3174) timely disclosure | Komori