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