Toyo Denki Seizo K.K.
Notice of Share Buyback via Third-Party Allotment | July 2026
Toei Electric Mfg. will allocate 578,000 shares of common stock to East Japan Railway Company at 2,419 yen per share on August 6, 2026, raising approximately 1.40 billion yen, which is intended for research and development investments.
Key Figures
- Number of Shares Disposed: 578,000 shares
- Disposal Price: 2,419 yen
- Funds Raised: 1,398,182,000 yen
AI要約
Overview of Capital Policy
Toei Electric Mfg. will execute a share buyback through third-party allotment on August 6, 2026, allocating 578,000 shares to East Japan Railway Company to raise about 1.40 billion yen. The disposal price is set at 2,419 yen per share, and the funds are scheduled to be used for research and development investments. The disposal is conditioned on the effective filing under the Financial Instruments and Exchange Act.
Use of Funds and Future Outlook
The funds raised will be allocated to research and development investments from August 2026 to May 2030. Fund management will be handled through the company's deposit accounts, constituting a significant financing effort toward future business expansion and technological innovation. The conditions of the disposal and its impact on shareholders are also deemed appropriate, positioning it as a measure contributing to the company's growth strategy.
Toei Electric Mfg. Co., Ltd.
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