Financial Wire

Tsuruha to Reclassify 612 Billion Yen Capital Reserve

-- Tsuruha Holdings (TYO:3391) will seek shareholder approval to transfer about 612.1 billion yen from capital reserve to other capital surplus, according to a Thursday filing on the Tokyo Stock Exchange.

The move is aimed at enabling more flexible capital policy in response to business conditions. The transaction is an accounting reclassification within net assets and will not affect earnings.

The proposal is set to be submitted at the annual shareholder meeting on May 22, with an effective date planned for July 31.

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Tsuruha to Reclassify 612 Billion Yen Capital Reserve | Financial Wire