Polaris (TYO:3010) will reduce its capital and capital reserves to boost financial flexibility and lower its tax burden, according to a Tuesday filing on the Tokyo Stock Exchange.
The company plans to cut its capital from 229.3 million yen to 10 million yen, transferring the rest to capital surplus, pending shareholder approval at a Dec. 12 meeting.
Price (JPY): $171.00, Change: $+4.0, Percent Change: +2.40%
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