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Tokyo Kiraboshi Financial Group shares surge on report of 40 billion yen preferred stock redemption

Thu May 7, 2026 9:12 am JST Catalyst

Tokyo Kiraboshi Financial Group,Inc. <7173> continued to rise sharply. The Nikkei online edition reported on the 4th that "Tokyo Kiraboshi Financial Group (FG), which holds Kiraboshi Bank as a subsidiary, will fully redeem 40 billion yen worth of preferred shares funded by the Tokyo Metropolitan Government by the end of the year." The stock was bought on expectations of finalizing the disposal of the "negative legacy" from the former Shinginko Tokyo. In response to the report, Tokyo Kiraboshi Financial issued a comment stating, "This was not announced by our company. While we are considering various options for capital policy in our management strategy, including the redemption of preferred shares, nothing has been decided at this time. This matter is scheduled to be submitted to the board of directors on the 8th."

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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