TOHO Sets Policy Share Reduction Plan Through FY2030

TOKYO, Jul 15 (Pulse News Wire) – Toho Co.,ltd (9602.F) announced today that its board of directors has approved a policy share reduction plan aimed at improving capital efficiency and reducing the ratio of policy shares held to below 10% by February 2030 compared to February 2026 levels. The company plans to reduce the carrying amount of policy shares on its balance sheet by more than ¥50.00 billion by February 2030.

Additionally, for the fiscal year ending February 2027, the company intends to further decrease the consolidated net asset ratio to below 20%. Proceeds from the sale of these shares will be prioritized for growth investments while also being used to enhance shareholder returns. The company will maintain ongoing dialogue with issuers of targeted shares to ensure mutual understanding and continued appropriate relations post-sale.

Regarding the impact on the fiscal year ending February 2027, TOHO expects to lower the consolidated net asset ratio below 20% through the sale of policy shares. Specific details will be disclosed promptly once finalized. Notably, the effects of this plan have not been reflected in the previously announced forecast for the fiscal year ending February 2027.