Disposal of Treasury Shares by Third-Party Allotment and Change in Other Affiliated Company
TOYO DENKI SEIZO K.K.(TOYO ELECTRIC MFG.CO.,LTD.) (the company disposing of treasury shares), East Japan Railway Company (the prospective allottee and prospective other affiliated company)
Electrical equipment for railway vehicles and related products, and electrical equipment for next-generation Shinkansen trains
To strengthen the mutual cooperation relationship with East Japan Railway Company and accelerate the development of more efficient electrical equipment for railway vehicles and electrical equipment for next-generation Shinkansen trains. The funds are also being raised to finance growth investments under the current medium-term management plan.
The specific impact on results from the fiscal year ending May 2027 onward has not been determined. The estimated total payment for the shares is ¥1,163,514,000, estimated issuance expenses are ¥6,600,000, and estimated net proceeds are ¥1,156,914,000. The use of funds is ¥1,156 million for research and development investment. Accounting treatment for the impact on results: Not disclosed
At present, the specific impact on results from the fiscal year ending May 2027 onward has not been determined. The company states that it will promptly disclose any matter that should be disclosed if one arises.
Change in voting rights ownership ratio
The voting rights ownership percentage is the proportion of the voting rights exercisable at a shareholders' meeting held by the shareholder.
9,735 voting rights (10.71%), as of 31 May 2026. Number of shares held: 973,500.
19,470 voting rights (20.14%). Number of shares held: 1,947,000. After completion of the off-auction transaction, the treasury share disposal and the market purchase.
Related procedures
Procedures for the disposal of treasury shares subject to the effectiveness of a filing under the Financial Instruments and Exchange Act
On 16 July 2026, East Japan Railway Company plans to acquire 385,000 shares through a ToSTNeT-1 transaction and an additional 10,500 shares through market purchases. The treasury share disposal and payment are scheduled to take place on 6 August 2026. The ¥1,156 million in funds raised is planned to be allocated to research and development investment from August 2026 through May 2030.
AltPlusInc. will promptly make an announcement if any matter requiring disclosure arises.
| Item | Details |
|---|---|
| Event name | Disposal of Treasury Shares by Third-Party Allotment and Change in Other Affiliated Company |
| Date of occurrence | 15 July 2026 (date of the Board of Directors' resolution; the disposal date and payment date for the treasury share disposal are 6 August 2026) |
| Subject Entity | TOYO DENKI SEIZO K.K.(TOYO ELECTRIC MFG.CO.,LTD.) (the company disposing of treasury shares), East Japan Railway Company (the prospective allottee and prospective other affiliated company) |
| Target Locations / Products | Electrical equipment for railway vehicles and related products, and electrical equipment for next-generation Shinkansen trains |
| Cause | To strengthen the mutual cooperation relationship with East Japan Railway Company and accelerate the development of more efficient electrical equipment for railway vehicles and electrical equipment for next-generation Shinkansen trains. The funds are also being raised to finance growth investments under the current medium-term management plan. |
| Amount of Impact on Business Performance | The specific impact on results from the fiscal year ending May 2027 onward has not been determined. The estimated total payment for the shares is ¥1,163,514,000, estimated issuance expenses are ¥6,600,000, and estimated net proceeds are ¥1,156,914,000. The use of funds is ¥1,156 million for research and development investment. Accounting treatment for the impact on results: Not disclosed |
| Impact on Earnings Forecast | At present, the specific impact on results from the fiscal year ending May 2027 onward has not been determined. The company states that it will promptly disclose any matter that should be disclosed if one arises. |
| Type of litigation or proceeding | Procedures for the disposal of treasury shares subject to the effectiveness of a filing under the Financial Instruments and Exchange Act |
| Date of filing / date of action | The disposal date and payment date for the treasury share disposal are 6 August 2026. The change to an other affiliated company will occur after completion of the off-auction transaction, the treasury share disposal and the market purchase. |
| Voting rights ownership percentage before the change | 9,735 voting rights (10.71%), as of 31 May 2026. Number of shares held: 973,500. |
| Voting rights ownership percentage after the change | 19,470 voting rights (20.14%). Number of shares held: 1,947,000. After completion of the off-auction transaction, the treasury share disposal and the market purchase. |
| Outlook | On 16 July 2026, East Japan Railway Company plans to acquire 385,000 shares through a ToSTNeT-1 transaction and an additional 10,500 shares through market purchases. The treasury share disposal and payment are scheduled to take place on 6 August 2026. The ¥1,156 million in funds raised is planned to be allocated to research and development investment from August 2026 through May 2030. |
| Planned follow-up disclosure | AltPlusInc. will promptly make an announcement if any matter requiring disclosure arises. |
Items this document does not state (12)
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 strengthen the capital and technical cooperation relationship with East Japan Railway Company and accelerate the development of more efficient electrical equipment for railway vehicles and electrical equipment for next-generation Shinkansen trains. The funds raised are planned to be allocated to research and development investment.