Agreed with Mitsubishi Corporation on modification of terms for 175,000,000 Class A Preferred Shares with total paid-in amount of 70 billion yen, aiming for redemption of all shares totaling approximately 90 billion yen between 2026 and 2028.<\/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,"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":"6366","jir_company_name":"Chiyoda Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-01-28","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/01\/6366-20260128-02.pdf","jir_short_summary":"Agreed with Mitsubishi Corporation on modification of terms for 175,000,000 Class A Preferred Shares with total paid-in amount of 70 billion yen, aiming for redemption of all shares totaling approximately 90 billion yen between 2026 and 2028.","jir_summary":"### Overview of Redemption Policy and Terms Modification for Class A Preferred Shares\nChiyoda Corporation has agreed with Mitsubishi Corporation to amend the terms of Class A Preferred Shares and to aim for full redemption of approximately 90 billion yen worth of shares over about two years from June 2026 to June 2028. The current share price-linked redemption amount will be changed to a fixed amount (436 yen), and the timing for exercising the conversion rights to common shares will be postponed until after July 2029. The preferred dividend rate will remain at 3% until June 2028 and will increase to 12% thereafter. This aims to achieve financial independence, resumption of dividends on common stock, and transition to the Prime Market classification.\n\n### Future Schedule and Impact on Shareholders\nThis agreement is conditional upon approval of the partial amendment to the articles of incorporation at the 98th Annual General Meeting of Shareholders scheduled for June 2026. After approval, the specific timing and redemption price will be determined. Repayment of subordinated loans from Mitsubishi UFJ Bank and cancellation of credit lines will also proceed to strengthen the financial base. The modification of preferred share terms dispels concerns about dilution of common shares and aims to establish a long-term growth trajectory. There is expected to be no impact on the fiscal year ending March 2026 performance.","jir_financial_highlights":"Number of Class A Preferred Shares: 175,000,000 shares (Unknown)\nTotal Paid-in Amount: 70,000,000,000 yen (Unknown)\nScale of Preferred Share Redemption: Approx. 90 billion yen (New Agreement)\nPreferred Dividend Rate (After July 2028): 12% (Increased from current 3%)\nPreferred Dividend Rate (Until June 2026): 3% (Maintained as is)","jir_category":"","jir_hashtags":"#ChiyodaCorporation, #CapitalPolicy, #PreferredShareRedemption","jir_key_figures":"Number of Class A Preferred Shares: 175,000,000 shares\nTotal Paid-in Amount: 70,000,000,000 yen\nScale of Preferred Share Redemption: Approx. 90 billion yen (2026\u20132028)\nPreferred Dividend Rate: 3% until end of June 2028, 12% thereafter\nRedemption Price: Fixed at 436 yen per share until end of June 2029","jir_meta_title":"Chiyoda Corporation Announces Terms Modification and Full Redemption Plan of Approximately 90 Billion Yen for Class A Preferred Shares","jir_meta_description":"Chiyoda Corporation agrees with Mitsubishi Corporation to modify terms for 175 million Class A Preferred Shares with 70 billion yen paid-in amount, targeting full redemption of approx. 90 billion yen from 2026 to 2028, alongside common share dividend resumption and transition to the Prime Market.","jir_og_title":"Chiyoda Corporation Reaches Agreement on Terms Modification and Full Redemption of Class A Preferred Shares","jir_og_description":"Plans to redeem approx. 90 billion yen worth of Class A Preferred Shares between 2026 and 2028. Announced modification includes increased preferred dividend rate and postponed exercise timing for common share conversion rights.","jir_og_image_url":"\/assets\/og\/company-capital_policy.jpg","jir_chart_data_collection":"[]","ir_related_company":9066,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"capital_policy","footnotes":""},"sector":[],"importance":[],"class_list":["post-21126","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n