Komori
Share Issuance and Disposal3358Trailhead Global Holdings,Inc.Retail

(Update on Previously Disclosed Matter) Notice Regarding the Effectiveness of the Reduction in Capital Reserve and Appropriation of Surplus

The transfer of the entire capital reserve of ¥1,084,511,029 to other capital surplus, with ¥635,343,571 of that amount allocated to offset the deficit in retained earnings brought forward, has taken effect. There is no change in total net assets or the total number of shares issued.

Worth reading
16Immaterial
Scored from 4 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
1084511029
Yen (amount of capital reserve to be reduced)
Wording
Definitive
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
The proposal was approved at the annual general meeting of shareholders, and the prescribed procedures, including creditor protection procedures, have been completed.
Impact on Business Performance
This matter involves a transfer between accounts in the net assets section of the balance sheet, and there will be no change in the amount of the company's net assets. In addition, this is a capital reduction without compensation, with no change in the total number of shares issued. Accordingly, it will have no effect on the number of shares held by shareholders or net assets per share.
Details of issuance or disposal
ItemDetails
Total number of issued sharesNo change
Procedures under the Corporate Code of ConductThe proposal was approved at the annual general meeting of shareholders, and the prescribed procedures, including creditor protection procedures, have been completed.
Impact on Business PerformanceThis matter involves a transfer between accounts in the net assets section of the balance sheet, and there will be no change in the amount of the company's net assets. In addition, this is a capital reduction without compensation, with no change in the total number of shares issued. Accordingly, it will have no effect on the number of shares held by shareholders or net assets per share.
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 brought forward using other capital surplus as the source of funds, pursuant to the Companies Act. The company states that this is a transfer between accounts in the net assets section of the balance sheet and that there will be no change in the amount of net assets.

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.
(Update on Previously Disclosed Matter) Notice Regarding the Effectiveness of the Reduction in Capital Reserve and Appropriation of Surplus | Trailhead Global Holdings,Inc. (3358) timely disclosure | Komori