TOKYO, May 18 (Pulse News Wire) – Towarise Corporation (267A.T) announced today that its board of directors held on May 18 decided to repurchase all outstanding C shares based on Article 17 of the company's articles of incorporation. The total number of C shares to be repurchased is 50, with each share valued at ¥10.2 million¥65.
The total cost of the repurchase is ¥510.7 million. The transaction is scheduled to take place on June 2, 2026, and the shares will subsequently be canceled according to Article 178 of the Companies Act. This move follows the issuance of various types of preferred shares totaling ¥3 billion in July 2009, aimed at improving the company’s financial structure.
Since then, Towarise has strengthened its profitability and financial health, leading to the decision to reduce future dividend burdens associated with C shares and enhance shareholder returns. A portion of the C shares—100 out of 150 originally issued—along with all A and B shares, had previously been repurchased and canceled. The impact on the company's performance and consolidated results due to this repurchase and cancellation is expected to be minor.
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