Fujitsu General announces capital and reserve reduction plan

Fujitsu General Limited announced its Board of Directors has approved a plan to reduce its capital and capital reserve, effective August 22, 2025, conditional on shareholder approval at the extraordinary general meeting scheduled for July 29, 2025, and a subsequent capital increase. The reduction aims to facilitate Fujitsu General becoming a wholly-owned subsidiary of Paloma Rheem Holdings Co., Ltd. The company will reduce its capital by JPY 46,005,697,500 to JPY 18,260,449,874 and its capital reserve by JPY 46,005,697,500 to JPY 700,376,751. The total reduction of JPY 92,011,395,000 will be transferred to other capital surplus. This restructuring occurs in conjunction with a share consolidation and the acquisition of Fujitsu's shares, as part of a broader transaction. The company will solicit objections from creditors between July 17, 2025 and August 18, 2025.