Chiba Kogyo Bank starts preferred-share cleanup with ¥2.38bn Series 7 buyback
Chiba Kogyo Bank will spend up to ¥2.38bn to buy back all 4,723 outstanding Second Series Seventh preferred shares on Aug. 17 at ¥503,427.40 each. The bank said this class goes first because it has the largest holder base, part of a capital-structure cleanup before a planned April 2027 holding-company setup with Chiba Bank that still needs shareholder and regulatory approval.