Fujita Kanko has decided in a board of directors’ meeting to acquire and cancel a part of its preferred shares.
The company will acquire 40 Class A preferred shares from the DBJ Food and Accommodation Support Fund Investment Limited Partnership for approximately 4.15 billion yen. This acquisition will reduce the number of unacquired shares to 20.
In September 2021, to improve its equity and stabilize its financial base, it issued preferred shares worth a total of 15 billion yen. It has already acquired and cancelled 90 shares.
Fujita Kanko’s performance for January to September 2024 was reported with revenues of 54.178 billion yen, operating profit of 7.68 billion yen, and net profit of 5.412 billion yen. The company forecasts a net profit of 8 billion yen for the full year.
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