Tokyu Corporation proposes amendments to its Articles of Incorporation to introduce bond-type preferred stock, which allows for continued investment and enhancement of shareholders\u2019 equity while maintaining capital efficiency, with an issuance capacity of up to 15 million shares. The first issuance is planned to be up to 100 billion yen.<\/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":"9005","jir_company_name":"Tokyu Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-05-12","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/05\/9005-20260512-03.pdf","jir_short_summary":"Tokyu Corporation proposes amendments to its Articles of Incorporation to introduce bond-type preferred stock, which allows for continued investment and enhancement of shareholders\u2019 equity while maintaining capital efficiency, with an issuance capacity of up to 15 million shares. The first issuance is planned to be up to 100 billion yen.","jir_summary":"### Purpose and Features of Bond-type Preferred Stock Introduction\nTokyu Corporation has determined that maintaining proper balance sheet management and securing diverse funding capacities are essential for enhancing the value of its railway line service areas through ongoing investments. To expand its shareholders' equity without harming the interests of common shareholders and while considering capital efficiency, the company proposes amendments to its Articles of Incorporation to introduce bond-type preferred stock as a new fundraising method. Bond-type preferred stock has characteristics intermediate between stocks and bonds, without voting rights or conversion rights into common stock, and is non-participating, paying dividends only equal to or above the fixed dividends.\n\n### Issuance Plan and Impact on Shareholders\nThe timing of the first bond-type preferred stock issuance has not yet been decided, but if approved at the General Meeting of Shareholders scheduled for June 26, 2026, up to 100 billion yen can be issued. The fixed dividend rate is intended to be set below 5%, with actual terms to be decided after shareholder approval, considering investor demand. An application to list on the Tokyo Stock Exchange Prime Market is planned, providing investment opportunities to a broad range of investors. There will be no dilution of voting rights for common shareholders, and no impact on the company's dividend policy is anticipated.","jir_financial_highlights":"Maximum number of issued shares: Up to 15 million shares (Newly set)\nPlanned amount for the first bond-type preferred stock issuance: Up to 100 billion yen (Newly set)\nRange of annual dividend rate for fixed dividends: Below 5% (To be set)","jir_category":"","jir_hashtags":"#TokyuCorporation, #CapitalPolicy, #BondTypePreferredStock","jir_key_figures":"Maximum issued shares: up to 15 million shares\nPlanned amount for the first issuance: up to 100 billion yen\nRange of fixed dividend annual rate: below 5%","jir_meta_title":"\u3010Tokyu\u3011Plan to Issue Up to 100 Billion Yen via Bond-type Preferred Stock\uff5cMay 2026","jir_meta_description":"Tokyu Corporation plans to introduce bond-type preferred stock to enhance shareholders\u2019 equity while maintaining capital efficiency. The company aims to secure an issuance capacity of up to 15 million shares and 100 billion yen, and plans to apply for listing on the Tokyo Stock Exchange Prime Market.","jir_og_title":"\u3010Tokyu\u3011Plan to Issue Up to 100 Billion Yen via Bond-type Preferred Stock\uff5cMay 2026","jir_og_description":"Tokyu Corporation plans to establish bond-type preferred stock and issue up to 100 billion yen. This capital policy balances capital efficiency with the expansion of shareholders\u2019 equity.","jir_og_image_url":"\/assets\/og\/company-capital_policy.jpg","jir_chart_data_collection":"[]","ir_related_company":7524,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"capital_policy","footnotes":""},"sector":[],"importance":[],"class_list":["post-48075","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n