Priority Dividends, Conversion and Redemption Terms for Class B Shares
First written in FY2026. 1 of 2 entries say "Advanced", first in FY2027-H1. Latest entry: FY2027-H1.
The whole theme swung hardest in 2024: 1 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「Class B shares 8,284 1,294.50 28 February 2026 29 May 2026 Retained earnings」
An initial dividend of ¥1,294.50 per Class B share, totaling ¥8.284 million, was actually paid. - FY2026First statedAnnual report
「The amount of the Class B preferred dividend shall be based on ¥50,000 (the “amount equivalent to the paid-in amount”), with … an annual rate of 7% where the dividend record date falls in the fiscal year ending at the end of February 2026, an annual rate of 8% where the dividend record date falls in the fiscal year ending at the end of February 2027 or the fiscal year ending at the end of February 2028, … and an initial acquisition price of ¥185.」
The terms of the Class B shares provide for an amount equivalent to the paid-in amount of ¥50,000, preferred dividends of 7% for fiscal February 2026 and 8% for fiscal February 2027 and fiscal February 2028, cumulative provisions, an initial acquisition price of ¥185 for the right to request acquisition in exchange for common shares, conditions for acquisition and redemption for cash, and no voting rights.