Geniee's board resolved on August 27, 2026 to buy back 3,750,000 of its Class A preferred shares from Mizuho Bank, 37.5% of the 10 million preferred shares outstanding, at ¥455.875 apiece for total consideration of ¥1.71bn. The deal is set to close on October 15, 2026, with the acquired shares cancelled the same day under Article 178 of the Companies Act.
The TSE Growth-listed ad-tech company said the move is meant to ease the burden of paying preferred dividends. Management expects the transaction to have only a minor effect on earnings for the current period and beyond.
Assuming the buyback and cancellation proceed as planned, Geniee's Class A preferred count falls from 10,000,000 to 6,250,000 shares, while its 18,056,400 common shares are untouched. Total shares outstanding drop from 28,056,400 to 24,306,400.
| Share class | Before (July 2024 baseline) | After Oct 15, 2026 cancellation |
|---|---|---|
| Common shares | 18,056,400 | 18,056,400 |
| Class A preferred shares | 10,000,000 | 6,250,000 |
| Total shares outstanding | 28,056,400 | 24,306,400 |
The filing does not disclose what portion of Geniee's remaining preferred stock, if any, the company plans to retire next, leaving the pace of further dividend-burden reduction unaddressed.