Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
August 8, 2025
To whom it may concern:
Company name: | FUJITA KANKO INC. |
Representative: | Shinsuke Yamashita Representative Director and President, Executive Officer |
(Securities Code: 9722, TSE Prime) | |
Inquiries: | Yasuko Ishihara, Manager of Accounting and Finance Department of Planning Division |
Phone: | +81-3-5981-7723 |
Notice Concerning Purchase and Cancellation of Class A Preferred Shares
FUJITA KANKO INC. ("the Company") hereby announces that it has resolved, at a meeting of the Board of Directors held today, to purchase Class A preferred shares issued by the Company pursuant to the provisions of Article 12-6 of the Company's Articles of Incorporation and to cancel said shares pursuant to Article 178 of the Companies Act. Through this transaction, all issued Class A preferred shares will be fully redeemed (purchased and cancelled).
Reasons for purchase and cancellation
On September 28, 2021, the Company issued a total of 15.0 billion yen (150 shares) of Class A preferred shares with the aim of improving equity at an early stage and stabilizing its financial foundation. With the improvement of financial results since then, the Company partially purchased and cancelled Class A preferred shares on December 22, 2023, August 23, 2024, and December 20, 2024 (totaling 130 shares).
In view of the improvement in financial results and the Company's equity position, the Company has decided to purchase and cancel all of its Class A preferred shares.
Details of purchase
(1) Class of shares to be purchased
Class A preferred shares
(2) Total number of shares to be purchased
20 shares
(3) Details of consideration for purchase of shares
Cash
(4) Purchase cost per share
102,680,486.04 yen
(5) Total purchase cost of shares
2,053,609,721 yen
(6) Purchased by
DBJ Food & Beverage and Accommodation Support Fund Investment Business Limited Partnership
(7) Scheduled date of purchase
August 25, 2025
Details of cancellation
(1) Class of shares to be cancelled | Class A preferred shares |
(2) Total number of shares to be cancelled | 20 shares |
(3) Scheduled date of cancellation | August 25, 2025 |