RNS Number : 5412L
07 May 2010
May 7, 2010
President & CEO
1-1-1 Shibaura, Minato-ku, Tokyo, Japan
Contact: Naoto Hasegawa, General Manager
Corporate Communications Office
Tel: 81 3 3457 2096
Notice of Reduction of Capital Reserve and Disposition of Other Capital Surplus
This is to give notice that Toshiba Corporation (the Company) resolved, at the board meeting held today, the submission of a proposal on the reduction of capital reserve (additional paid-in capital) to the 171st ordinary shareholders meeting to be held on June 23, 2010 and the disposition of other capital surplus as follows:
The Company would reduce the amount of the capital reserve (additional paid-in capital) based on Article 448, Section 1 of the Companies Act to achieve flexible and expeditious capital policies in the future, and dispose other capital surplus based on Article 452 of the Companies Act to cover the deficit of the retained earnings brought forward on the stand-alone (non-consolidated) balance sheet.
2．Reduction of Capital Reserve (Additional Paid-in Capital) and Disposition of Other Capital Surplus
(1) Reduction of Capital Reserve (Additional Paid-in Capital)
The Company would reduce the full amount of the capital reserve (additional paid-in capital) and transfer it to other capital surplus .
①Reserve to be reduced
Full amount of the Capital Reserve (Additional Paid-in Capital)
②Capital Surplus to be increased
Other Capital Surplus JPY 427,625,991,118
June 30, 2010
(2) Disposition of Other Capital Surplus
The Company would reduce a part of other capital surplus that increased in accordance with (1) above and transfer it to the retained earnings brought forward.
①Surplus to be reduced and its amount
Other Capital Surplus JPY 46,772,129,409
②Surplus to be increased and its amount
Retained Earnings Brought Forward JPY 46,772,129,409
June 30, 2010
on the condition that the reduction of the capital reserve (additional paid-in capital) will be approved as proposed at the 171st shareholders meeting to be held on June 23, 2010 and become effective.
3．Schedule for the Reduction of Reserve
（1）Board resolution May 7, 2010
（2）Public notice to the creditors Scheduled to be May 21, 2010
（3）Shareholders resolution Scheduled to be June 23, 2010
（4）Effective Date Scheduled to be June 30, 2010
The transactions described in this notice are transfers within "Net Assets" section and net assets will remain unchanged due to this transaction. Therefore, the business results of the Company will not be affected.
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