The Chiba Kogyo Bank,Ltd. [8337.T]
TOKYO, Jun 23 (Pulse News Wire) – The Chiba Kogyo Bank,ltd. (8337.T) resolved today to repurchase its own shares of the second tranche of seventh series preferred stock.
The bank plans to acquire up to 4,723 shares, with a total value of up to ¥2.378 billion. The purchase price per share is set at ¥503,427. The acquisition will take place on August 17, 2026. This decision follows the resolution made during the March 25, 2026 board meeting concerning the buyback of various types of preferred shares.
The move is part of the bank's strategy to establish Chiba Financial Group Co., Ltd. as their common holding company through a joint stock transfer by April 1, 2027. In preparation for this transition, the bank intends to maintain capital levels exceeding ８% to ensure smooth operations post-merger. The repurchase of the largest number of outstanding preferred shares—second tranche of seventh series preferred stock—is seen as an effective approach to advancing capital policy objectives.
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