As a capital measure following initiation of rehabilitation proceedings, third-party allotments of Class A preferred shares, Stock Acquisition Rights (Series 1), common shares, and Class B preferred shares are planned. A two-tier DES structure utilizing a debt-equity swap will be adopted to raise funds and improve governance. The issue price is 130 yen, with a maximum allocation of 4,884,884 shares of Class A preferred stock. After the court approval decision becomes final, the allottee selection and payment procedures will proceed. The founder’s voting rights are expected to decrease, and maintaining listing status will be prioritized.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"9444","jir_company_name":"Toshin Holdings Co.,Ltd","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-10-02","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/10\/9444-20261002-01.pdf","jir_short_summary":"As a capital measure following initiation of rehabilitation proceedings, third-party allotments of Class A preferred shares, Stock Acquisition Rights (Series 1), common shares, and Class B preferred shares are planned. A two-tier DES structure utilizing a debt-equity swap will be adopted to raise funds and improve governance. The issue price is 130 yen, with a maximum allocation of 4,884,884 shares of Class A preferred stock. After the court approval decision becomes final, the allottee selection and payment procedures will proceed. The founder's voting rights are expected to decrease, and maintaining listing status will be prioritized.","jir_summary":"### Overview of the Matter\nThis IR discloses capital measures and organizational restructuring plans premised on corporate rehabilitation proceedings. A two-tier third-party allotment centered on a debt-equity swap is being considered, combining Class A preferred shares, the 1st Series Stock Acquisition Rights, common shares, Class B preferred shares, and the 2nd Series Stock Acquisition Rights to strengthen capital and improve governance. Allotments will be implemented after the court's approval decision becomes final, and allottees will primarily be rehabilitation creditors such as financial institutions and leasing companies.\n\n### Impact on Investors and Outlook\nThe founder's voting rights ratio is expected to fall significantly, potentially from approximately 46% to around 20% at maximum dilution. Although dilution will be substantial, this measure is positioned as a necessary step to improve the current capital structure and enhance the possibility of maintaining the listing. Once the approval decision is finalized, allottees will be determined and the use of proceeds and implementation timing will be disclosed as they are finalized.","jir_financial_highlights":"Number of Class A preferred shares to be issued: 4,884,884 shares (To be confirmed)\nIssue price of Class A preferred shares: 130 (yen)\nNumber of common shares to be issued: 6,536,800 shares (TBD)\nAmount of funds to be raised (third-party allotment subject to cash contribution): 1,817,230,400 yen (Unfixed)\nAmount of funds to be raised (third-party allotment under this DES): 46,000,000 yen (Subtotal)","jir_category":"","jir_hashtags":"#ToshinHoldings, #OrganizationalRestructuring, #CapitalPolicy, #DebtEquitySwap","jir_key_figures":"Maximum number of Class A preferred shares to be issued: 4,884,884 shares\nNumber of common shares to be issued: 6,536,800 shares\nPayment amount for Class A preferred shares: 130 yen\/share\nPayment amount for third-party allotment subject to cash contribution: approx. 4,670,590,400 yen","jir_meta_title":"Toshin Holdings Co.,Ltd Announces DES-Related Allotments under Rehabilitation Plan\uff5cOctober 2026","jir_meta_description":"Toshin Holdings Co.,Ltd has announced capital measures centered on a debt-equity swap under rehabilitation proceedings. Third-party allotments of Class A preferred shares, stock acquisition rights, and common shares are being considered, primarily allocating to rehabilitation creditors and aiming to reduce the founder's voting ratio. Specific allottees and payment timing will be disclosed after the approval decision is finalized.","jir_og_title":"Toshin Holdings Co.,Ltd Announces DES-Related Allotments under Rehabilitation Plan\uff5cOctober 2026","jir_og_description":"Toshin Holdings Co.,Ltd has announced DES-targeted third-party allotments as a capital measure under rehabilitation proceedings. By combining Class A preferred shares, stock acquisition rights, common shares, and Class B preferred shares, the company aims to improve capital structure and governance.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":60907,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-126973","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n