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Latest Tokyo Brief coverage on UNIVA Oak Holdings Limited, tracking filings, financial news, and market signals from Japan.
TSE:3113
The move: shareholders approved a capital reduction and surplus appropriation at the June 25 AGM with 97.93% support, though the report excerpt leaves the amount and effective date unclear.
Sales fell to ¥2.33bn and the company posted a ¥549.0mn ordinary loss, an improvement on the previous year's ¥986.3mn loss but not a recovery. Lower revenue alongside another red-ink year is enough to explain why balance-sheet watchers keep the name on the list.