Keihanshin Building Co.,Ltd. [8818.T]
TOKYO, May 13 (Pulse News Wire) – Keihanshin Building CO.,LTD. (8818.T) rejected a proposal from certain shareholders to buy back shares held by companies owning its stock, arguing it would hinder long-term growth plans and shareholder returns.
The board opposed the plan, stating it does not exert pressure on shareholders to retain their shares and such actions could disrupt revenue structure transformation and investment strategies aimed at enhancing corporate governance. According to the proposal, up to approximately [NUM_1]* worth of shares could be repurchased based on the closing price on May 12, 2026. The company noted that executing such a large-scale share buyback would jeopardize its ongoing investment plans and financial stability.
Additionally, achieving progressive dividend increases over three years, previously announced, might also become challenging if the proposal were approved. Keihanshin Building highlighted its commitment to reducing policy holdings below [NUM_10]% of consolidated net assets by March 2028, emphasizing that maintaining balanced growth investments is crucial for future profitability and shareholder value enhancement. The company's strategic focus includes transitioning towards a diversified revenue model through targeted investments in equity, overseas ventures, and property acquisitions.
🔴 Confidence: Review recommended AI-translated content.