www.grandes.jp/photo/ir_news/15/in158_list.pdf?25913841969e02ac5bb5a8=

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株式会社グランディーズ 連結子会社の減資及び特定子会社の異動に関するお知らせ

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https://www.grandes.jp/photo/ir_news/15/in158_list.pdf?25913841969e02ac5bb5a8

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This document informs that Grandies Co., Ltd. has resolved to reduce the capital of its consolidated subsidiary, Morizou Co., Ltd. The purpose of the capital reduction is to enhance financial health and establish an appropriate capital structure. Specifically, the capital will be reduced from 135 million yen to 10 million yen, and the entire capital reserve will also be eliminated. As a result of this capital reduction, Morizou is expected to no longer qualify as a specified subsidiary. The document also outlines the procedures for the capital reduction and future outlook.