December 31, 2020
Elephantech Inc.
Elephantech completes capital reduction procedures
As of December 31, 2020, Elephantech Inc. (CEO Shinya Shimizu) has reduced its capital as follows.
1. Purpose of capital reduction
In order to maintain the same flexible management as before, we have decided to reduce the amount of capital (hereinafter referred to as “capital reduction”).
2. Outline of our capital reduction
| Amount of capital reduced | 210,000,000 yen |
| Method of capital reduction | 210,000,000 yen Other Capital Surplus |
| Date on which the capital reduction shall take effect | December 31, 2020 |
3. Schedule of capital reduction
| Board Resolution | October 28, 2020 |
| Resolution of Shareholders Meetings | November 5, 2020 |
| Public announcement of the creditor's objection | November 27, 2020(Official Gazette extra No.247, p.96) |
| Capital reduction took effect on | December 31, 2020 |
Company Overview
| Name | Elephantech Inc. |
| Establishment | January 2014 |
| Headquarters | 4-3-8 Hatchobori, Chuo-ku, Tokyo 104-0032, Japan |
| Representative | Shinya Shimizu, CEO |
| Capital | JPY 100 million |
| Number of employees | 47 |
| Business Description | Development of printed electronics manufacturing technology and provision of related services |
| URL | https://www.elephantech.co.jp/en/ |
As of December 31, 2020
Contact for inquiries regarding this matter
Elephantech Inc. Public Relations