The Chiba Kogyo Bank,Ltd. [8337.T]
TOKYO, Apr 01 (Pulse News Wire) – The Chiba Kogyo Bank,ltd. (8337.T) completed the buyback and cancellation of its first round of seventh-class preferred shares on April 01, 2026.
According to the bank’s previous announcement dated February 10, 2026, the total number of shares involved was 481,500. The acquisition price per share was set at ¥50,002, which includes the issue price equivalent amount of ¥50,000 plus accrued final preferential dividend up to the acquisition date. The total cost of the transaction amounted to ¥24.08 billion.
The buyback was executed through notification to all shareholders of the first round of seventh-class preferred shares, exercising the option to acquire shares in exchange for cash. The completion of this process marks the end of the initial phase of the bank's capital restructuring efforts aimed at enhancing shareholder value. This move aligns with the bank’s strategic objectives to streamline its capital structure and improve operational efficiency.
The Chiba Kogyo Bank continues to focus on sustainable growth and maintaining strong financial health.
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