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Tokyo Kiraboshi to Discuss Capital Policy at Board Meeting

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Tokyo Kiraboshi Financial (TYO:7173) said media reports regarding the redemption of preferred shares held by the Tokyo Metropolitan Government were not based on information disclosed by the company, according to a Wednesday filing on the Tokyo Stock Exchange.

The lender said it is considering various capital policy options, including redeeming preferred shares, as part of its management strategy, though no decision has been made.

Tokyo Kiraboshi said its board plans to discuss the matter on May 8.

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