FUJITA CORPORATION Co.,Ltd. [3370.T]
TOKYO, Jun 12 (Pulse News Wire) – Fujita Corporation CO.,LTD. (3370.T) resolved to repurchase and cancel part of its preferred shares at a board meeting held.
The decision was made based on Article 11 of the company's articles of incorporation and Article 178 of the Companies Act. The repurchase follows the issuance of approximately ¥100 million preferred shares in March 15, 2017, to fund renovations related to its flagship brand Mister Donut. With improvements in the operating environment and financial foundation, along with anticipated future performance trends, the company aims to reduce the burden of dividend payments associated with these shares.
Under the resolution, the repurchase will take place on June 30, 2026, involving the acquisition of 10,000 shares shares at a price of ¥1,000 per share, totaling ¥10 million. Following the repurchase, the shares will be canceled on June 30, 2026. This action is expected to have a minor impact on future earnings.
The cancellation will occur contingent upon the company acquiring the shares as outlined in the repurchase plan.
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