TYO:7173

4 stories mentioning TYO:7173Updated 37d ago

Every FINWIRES story that references TYO:7173, newest first.

Tokyo Kiraboshi Financial Group to Receive 8 Billion Yen Dividend from Subsidiary for UI Bank Capital Increase

Tokyo Kiraboshi Financial Group (TYO:7173) will receive a dividend of 8 billion yen from its consolidated subsidiary, Kiraboshi Bank, on June 1, to help fund a capital increase of UI Bank.The dividend will be recorded as operating income in the company's non-consolidated financial statements for the fiscal year ending March 31, 2027, according to a Tokyo bourse filing on Wednesday.However, because the dividend originates from a consolidated subsidiary, it will have no impact on the Group's consolidated financial results for the same period.The disclosure was made as the event requires submission of an extraordinary report under Japan's Financial Instruments and Exchange Act.

TYO:7173

Asia57d ago

Tokyo Kiraboshi Financial to Sell 5.5 Million Shares

Tokyo Kiraboshi Financial (TYO:7173) will convert all of its First Series Class I preferred shares into common shares and cancel the preferred stock, while conducting a secondary share offering to broaden its shareholder base, according to a Friday filing on the Tokyo Stock Exchange.Sumitomo Mitsui Trust Bank, which holds all 750,000 preferred shares in the company, will request conversion into 5.5 million common shares in two stages. Tokyo Kiraboshi will then cancel all preferred shares after the conversion process is completed.The lender also resolved to conduct a secondary offering of 5.5 million common shares held by Sumitomo Mitsui Trust Bank, alongside a possible over-allotment of up to 824,700 shares.The conversion and sale will result in changes to its major shareholders, Tokyo Kiraboshi said.Sumitomo Mitsui Trust Bank is expected to temporarily become the company's largest shareholder before reducing its stake through the share sale.

TYO:7173

Asia57d ago

Tokyo Kiraboshi Financial to Book 43 Billion Yen Dividend Income From Unit

Tokyo Kiraboshi Financial Group (TYO:7173) will receive a 43 billion yen dividend from consolidated subsidiary Kiraboshi Bank, according to a Friday filing on the Tokyo Stock Exchange.The dividend is scheduled to be paid on May 20 and will be recorded as operating income in the company's non-consolidated financial statements for the fiscal year ending March 2027.

TYO:7173

Asia58d ago

Tokyo Kiraboshi to Discuss Capital Policy at Board Meeting

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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