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    1375   JP3947010009

YUKIGUNI MAITAKE CO., LTD.

(1375)
  Report
End-of-day quote. End-of-day quote Japan Exchange - 11/30
1217 JPY   -2.48%
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Yukiguni Maitake : Proposed Reduction of Share Capital

04/20/2021 | 01:40am EST

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

April 20, 2021

For Immediate Release

Company Name: YUKIGUNI MAITAKE CO., LTD.

Representative: Iwao Ashikaga, President and CEO,

Representative Director

(Tokyo Stock Exchange, First Section:1375)

Contact: Takenori Sakurai, Executive Officer

(Chief Financial Officer)

Tel: +81-25-778-0162

Proposed Reduction of Share Capital

Yukiguni Maitake Co., Ltd. (hereinafter "the Company") announces that the meeting of the Board of Directors held today decided to submit a proposal to reduce its amount of share capital as set out below to the 4th

Ordinary Shareholders' Meeting scheduled to be held on June 23, 2021, requesting for the official approval

therefrom.

  1. Purpose of Reduction of Share Capital
    Based on the current state of its business and financial performance, the Company plans to reduce its share capital in order to maintain the soundness of its future financial condition through an appropriate tax planning, and to ensure the agility and flexibility of future capital policies. Specifically, the amount of share capital will be reduced and said amount will be transferred to other capital surplus pursuant to the provisions of Article 447, Paragraph 1 of the Companies Act.
  2. Details of Reduction of Share Capital
    1. Amount of Reduction in Share Capital
      The amount of share capital, which is JPY 119,831,297, will be reduced by JPY 19,831,297 to JPY 100,000,000.
    2. Method of Reduction of Share Capital
      The total number of issued shares will remain unchanged, and the entire amount of the share capital reduction will be transferred to other capital surplus.

1

3. Schedule for Reduction of Share Capital

(1)

Date of resolution of the Board of Directors

April 20, 2021

(2)

Date of public notice for creditor objections

May 11, 2021 (planned)

(3)

Deadline for filing of creditor objections

June 11, 2021 (planned)

(4)

Date of resolution of the 4th Ordinary Shareholders' Meeting

June 23, 2021 (planned)

(5)

Effective date

June 23, 2021 (planned)

4. Future Outlook

The procedures mentioned above are accounting transfers within the equity section of the Company's balance sheet, and the Company's total equity will remain unchanged. The procedures mentioned above are subject to approval at the 4th Ordinary Shareholders' Meeting scheduled to be held on June 23, 2021.

(end)

2

Disclaimer

Yukiguni Maitake Co. Ltd. published this content on 20 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2021 05:39:03 UTC.


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Sales 2022 51 649 M 456 M 456 M
Net income 2022 5 123 M 45,3 M 45,3 M
Net Debt 2022 - - -
P/E ratio 2022 9,46x
Yield 2022 3,45%
Capitalization 48 571 M 428 M 429 M
Capi. / Sales 2022 0,94x
Capi. / Sales 2023 0,89x
Nbr of Employees 1 105
Free-Float 47,6%
Chart YUKIGUNI MAITAKE CO., LTD.
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Yukiguni Maitake Co., Ltd. Technical Analysis Chart | 1375 | JP3947010009 | MarketScreener
Technical analysis trends YUKIGUNI MAITAKE CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 1 217,00 JPY
Average target price 1 900,00 JPY
Spread / Average Target 56,1%
EPS Revisions
Managers and Directors
Iwao Ashikaga President & Representative Director
Shunsuke Nakahama Director
Yuji Sugimoto Director
Toshiyuki Saegusa Managing Director
Mitsuo Fujio Outside Director