www.banners.jp/ir/2020/20200416.pdf

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資本準備金及び利益準備金の額の減少に関するお知らせ

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https://www.banners.jp/ir/2020/20200416.pdf

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This document is a notice from Banners Co., Ltd. issued on April 16, 2020, regarding the reduction of capital reserve and profit reserve amounts. The board of directors has resolved to submit a proposal for the reduction at the 71st Annual General Meeting of Shareholders scheduled for June 26, 2020. The purpose is to enhance distributable amounts, maintain a stable dividend policy, and ensure flexibility in capital policy. Specifically, the capital reserve will be reduced by 282,370,000 yen and the profit reserve by 18,300,000 yen, which will be transferred to other capital surplus and retained earnings, respectively.