Komori
Treasury Shares6366Chiyoda CorporationConstruction and Materials

Notice Regarding the Acquisition and Cancellation of a Portion of Class A Preferred Shares

Subject to the approval of the proposed amendment to the Articles of Incorporation at the general meeting of shareholders, the Company plans to acquire 110,400,000 Class A preferred shares from Mitsubishi Corporation and cancel all of them on the same day.

Worth reading
82Important
Scored from 1 of 4 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
55111680000
¥
Wording
Conditional
How definitive the wording is.

Progress against acquisition limit

Acquisition under the cash consideration acquisition provision (mandatory redemption provision) (acquisition from Mitsubishi Corporation)

Resolved 11 May 2026

Number of Shares
Current110,400,000 shares (scheduled)
Amount
Current¥55,111,680,000
Percentage of total issued shares63.1% (percentage of the total 175,000,000 issued Class A preferred shares)
Average Acquisition Price¥499.2 per share
Average acquisition price for this transaction (calculated)¥499 per shareCurrent acquisition price ÷ current number of shares acquired
Scheduled cancellation110,400,000 shares scheduled for cancellation on 30 June 2026
Progress against acquisition limit
ItemDetails
Total number of shares acquired in this transaction110,400,000 shares (scheduled)
Total current acquisition price¥55,111,680,000
Acquisition date/acquisition period30 June 2026 (scheduled acquisition date)
Method of acquisitionAcquisition under the cash consideration acquisition provision (mandatory redemption provision) (acquisition from Mitsubishi Corporation)
Resolution date11 May 2026
Percentage of total issued shares63.1% (percentage of the total 175,000,000 issued Class A preferred shares)
Average Acquisition Price¥499.2 per share
Scheduled cancellation110,400,000 shares scheduled for cancellation on 30 June 2026
Items this document does not state (6)
Cumulative number of shares acquiredCumulative acquisition costMaximum number of shares to be acquiredTotal acquisition priceAcquisition period under the resolutionWhether acquisition has been completed

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To achieve the redemption of all Class A preferred shares by the end of June 2028, establish financial independence, change the market segment to the Prime Market and resume dividends to common shareholders after all shares have been redeemed, and establish a growth trajectory.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Acquisition and Cancellation of a Portion of Class A Preferred Shares | Chiyoda Corporation (6366) timely disclosure | Komori