All About is proposing a balance-sheet cleanup, not a fresh injection of cash. The company said it will cut stated capital by ¥913,212,790, taking it from ¥1,339,972,579 to ¥426,759,789, and transfer the reduced amount to other capital surplus. It then plans to move the same ¥913,212,790 from other capital surplus to retained earnings to cover its carried-forward deficit.
The company says the exercise is meant to fill the retained earnings shortfall while preserving flexibility and agility for future financial strategy. Just as importantly for investors, All About says the move changes only account labels within net assets: total net assets, the number of issued shares, shareholders' holdings, per-share net assets and earnings are all described as unchanged. No cash appears, no shares disappear, but the balance sheet gets tidier.
The approval path is the real timetable to watch. The capital reduction is due to go to shareholders at the annual meeting scheduled for June 24. If approved, the company plans to publish the creditor objection notice on July 8, set August 10 as the deadline for objections, and make the change effective on August 11. The surplus appropriation itself does not require a shareholder vote under the Companies Act provisions and articles cited in the notice. After the reclassification, other capital surplus would be ¥1,129,289,384 and retained earnings would be zero.