Toho announced on the 15th that its board of directors has resolved a policy to reduce the balance sheet carrying amount of strategic shareholdings by more than 50 billion yen by the end of February 2030 compared with the end of February 2026, and to lower the ratio to consolidated net assets to below 10 percent. The sales will be carried out in stages, aiming to bring the consolidated net asset ratio below 20 percent in the fiscal year ending February 2027. Proceeds from the sales will be allocated preferentially to growth investments and also used for shareholder returns to improve capital efficiency. The company sold all shares of eight listed stocks from the fiscal year ended February 2023 to the fiscal year ended February 2026, leaving ten stocks remaining. The impact of the sales has not been factored into the consolidated earnings forecast for the fiscal year ending February 2027 announced in April.
Toho Co., Ltd.Toho plans to reduce strategic shareholdings by over 50 billion yen, improving capital efficiency and allocating proceeds to growth investments and shareholder returns.