After the capital reduction, the capital will amount to 100 million yen and the capital reserve will be 2 billion, 1109 million, 8698 yen. Both will be transferred to other additional paid-in capital, and will be allocated to compensate for the deficit in retained earnings.
Additionally, during the audit committee meeting held on August 23, it was resolved to change the accounting auditor from Yamato Audit Corporation to Taiyo Limited Liability Audit Corporation. Taiyo Limited Liability Audit Corporation also serves as the accounting auditor for Adventure, which is the parent company.
At the ordinary general meeting of shareholders to be held on September 25, in addition to changing the accounting auditors, the election of four director candidates, including one new appointment, and three audit & supervisory board members, including two new appointments, will also be proposed.
