Komori
Share Issuance and Disposal7021NITCHITSU CO.,LTD.Machinery

Notice Regarding Reduction of Capital

The Company has decided to submit to the shareholders meeting a proposal to reduce stated capital by ¥1 billion, from ¥1.1 billion to ¥100 million. The reduction will be transferred to other capital surplus, and the number of shares and net assets will remain unchanged.

Worth reading
32Immaterial
Scored from 3 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
1000000000
¥
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
This matter involves a transfer between accounts within net assets. As it will not change the amount of net assets, its impact on the Company's performance will be minor.
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 PerformanceThis matter involves a transfer between accounts within net assets. As it will not change the amount of net assets, its impact on the Company's performance will be minor.
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 ensure flexibility and agility in capital policy.

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 Reduction of Capital | NITCHITSU CO.,LTD. (7021) timely disclosure | Komori