Chiba Kogyo Bank's board decided on November 11, 2026 how it will acquire every remaining preferred share, with cash changing hands on January 12, 2027. The bank says the aim is to tidy its capital structure before the joint share transfer with Chiba Bank takes effect.
The plan extends steps already taken. The bank acquired and cancelled all First Series Class 7 preferred shares on April 1, 2026, and bought part of the Second Series Class 7 shares on August 17, 2026. The November decision covers all that is left, by agreement with holders after notice or public announcement to each class.
The terms
The amounts are ceilings: the share counts are the full outstanding amounts of each class, excluding treasury shares.
- Class 2 preferred: up to 1,500,000 shares at ¥4,000 each, up to ¥6.0bn in total.
- Second Series Class 6 preferred: up to 301,000 shares at ¥20,235.90 each, up to ¥6.09bn. The price is the ¥20,000 paid-in amount plus ¥235.90 of accrued dividend.
- Second Series Class 7 preferred: up to 483 shares at ¥507,076.72 each, up to ¥244.9mn. The price is the ¥500,000 paid-in amount plus ¥7,076.72 of accrued dividend.
What follows
The holding company, Chiba Financial Group, is planned for April 1, 2027. That depends on shareholder approval at both banks and regulatory authorization. After the transfer, the two banks plan to consider capital support through the holding company, by a capital increase or other means. Chiba Kogyo says it will work to keep capital at 8% or more, the level it considers necessary to run the bank. The disclosure sets no timetable or size for that support.
The disclosure sits inside the bank's interim results. Consolidated net profit for the six months to September 2026 was ¥6.05bn, up 24.2%, and the full-year net profit forecast was raised to ¥10.2bn from ¥9.6bn.