早上看到這個新聞，本來第一時間想到的詞彙是shrink，不過google搜尋，好像幾乎沒人使用Shrink，反而有類似下列寫cut capital
日股：夏普擬減資99%，股本將自1200億日圓降至1億日圓，盤中股價應聲大跌31%
Sharp Plans to Cut Capital by More Than 99%
Sharp Plans to Cut Capital by More Than 99%
TOKYO--Sharp Corp. (6753.TO) shares plunged Monday after the troubled Japanese electronics company said it was considering reducing its capital as part of a drastic restructuring.
The company plans to cut its capital by more than 99%, to 100 million yen ($834,000) as part of a turnaround plan the company intends to present Thursday, according to a company official. The company will also issue preferred shares to bolster its balance sheet, the official said.
Sharp's shares were down 24% on Monday morning after the company issued a statement in response to a report in the Nikkei business daily over the weekend about its plan.
"We are currently considering various possibilities concerning our capital policy, including the issuance of preferred shares and the decrease in capital, but no specific decisions are made at this time," the company said in the statement.
Sharp has been negotiating a restructuring plan with its lenders, Mizuho Financial Group Inc. and Mitsubishi UFJ Financial Group Inc., including job losses, cost cuts and a debt-for-equity swap, that would see the banks writing off Y200 billion of loans in exchange for Sharp shares, according to people familiar with the situation.
It would be the second major bailout in three years for Sharp, which has struggled with tough competition in its core business of making liquid-crystal displays for smartphones and televisions. The company's appliance business has also been hit by the weakness of the yen because it makes many of its products overseas and sells them in Japan.
The possible reduction in capital and issuance of preferred shares underlined investor concerns about the company's precarious financial position and raised concerns over the potential dilution of common shareholders' equity.
"The shares are unlikely to be wiped out, but questions remain over the viability of its business in the long run," says Mitsushige Akino, chief fund manager at Ichiyoshi Investment Management.
