Elephantech completes capital reduction procedures
As of December 31, 2022, Elephantech Inc. (Head Office: Chuo-ku, Tokyo; Shinya Shimizu, CEO & CTO) has reduced its capital as follows.
1. Purpose of capital reduction
To maintain the same flexible management as before, we have decided to reduce the amount of capital.
2. Outline of our capital reduction
| Amount of capital reduced | 1,078,735,000yen |
| Method of capital reduction | 1,078,735,000 yen in other capital surplus. |
| Date on which the capital reduction shall take effect | December 31, 2022 |
3. Schedule of capital reduction
| Board Resolution | October 26, 2022 |
| Resolution of Shareholders Meetings | November 10, 2022 |
| Public announcement of the creditor’s objection | November 29, 2022 (Official Gazette extra No.254, p.89) |
| Capital reduction took effect on | December 31, 2022 |
Company Overview
| Name | Elephantech Inc. |
| Establishment | January 2014 |
| Headquarters | 4-3-8 Hatchobori, Chuo-ku, Tokyo 104-0032, Japan |
| Representative | Shinya Shimizu, CEO & CTO |
| Business Description | Development of printed electronics manufacturing technology and provision of related services |
Contact for inquiries regarding this matter
Elephantech Inc. Public Relations
pr@elephantech.co.jp