TOWARISE CORPORATION Revises Dividend Forecast — Class C Preferred Shares Eliminated

TOWARISE CORPORATION has revised its dividend forecast for the fiscal year ending July 2026, eliminating all payouts on its Class C preferred shares following a decision to acquire and retire the entire series.

ItemBeforeAfterChange
Class C Preferred Shares Interim DividendJPY 255,100.00/shareJPY 0.00/shareJPY -255,100.00/share
Class C Preferred Shares Year-end DividendJPY 255,100.00/shareJPY 0.00/shareJPY -255,100.00/share
Class C Preferred Shares Annual DividendJPY 510,200.00/shareJPY 0.00/shareJPY -510,200.00/share

The revision stems from the company’s board resolution to acquire and cancel all outstanding Class C preferred shares. As the number of issued Class C preferred shares will reach zero by the end of the fiscal period, the company has adjusted its dividend forecast to reflect zero payouts for this security class. The year-end dividend forecast for Class C preferred shares has been revised to no dividend.

Holders of Class C preferred shares will no longer receive dividend payments following the retirement of the series at fiscal year-end. However, the company confirmed that its dividend forecast for ordinary common shares remains unchanged, meaning regular equity shareholders will not be affected by this corporate action. The retirement of the preferred share class represents a capital structure simplification for TOWARISE CORPORATION.

Source: Original filing (TDnet) | 日本語版

This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.