AB Hotel has announced that it will apply for the delisting of its shares from the Tokyo Stock Exchange Standard Market.
The company is currently dually listed on the Nagoya Stock Exchange, and after repeated discussions on future capital policies, optimization of listing maintenance costs, and the streamlining of medium- to long-term business operations, it concluded that transitioning to a sole listing on the Nagoya Stock Exchange would be optimal. The company plans to submit the application on March 30, and if it is accepted on the same day, the shares are expected to be delisted as of May 1.
To mitigate the impact of the delisting, AB Hotel will revise its dividend policy and raise its payout ratio from 10% to 13%. In addition, it will pay a special dividend of 10 yen per share. As a result, the total annual dividend will be 34 yen per share.
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