TOKYO, May 13 (Pulse News Wire) – Greens CO.,LTD. (6547.T) resolved at its board meeting held, to redeem all outstanding A-Series preferred shares based on Article 11 of its Articles of Incorporation and the Companies Act.
The company previously issued total A-Series preferred shares worth ¥6 billion in October 19, 2021, amid challenging economic conditions due to the pandemic. Subsequently, the firm redeemed part of these shares totaling 4,000 on June 28, 2024, and June 30, 2025, reflecting improvements in profitability and capital strength. Now, with further enhanced revenue performance and stable capital growth, Greens plans to fully redeem all remaining A-Series preferred shares to reduce dividend payment obligations. The redemption involves acquiring 2,000 shares at a price of ¥1.0 million29 per share, representing 100.00% of the issued A-Series preferred shares.
The total acquisition cost is ¥2.082 billion. DBJ Dining and Accommodation Support Fund Investment Business Limited Partnership will sell the shares back to the company. The transaction is scheduled for June 30, 2026. This move is expected to temporarily lower the company's capital ratio but is anticipated to recover quickly.
Any significant impact on earnings will be promptly disclosed.
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