TBS Holdings sells treasury shares to support Akasaka Creative Foundation

Tokyo Broadcasting System Holdings, Inc. (TBS Holdings) announced the final details of its treasury share disposal, aiming to continuously and stably support the Akasaka Creative Foundation. The company will dispose of 1,640,000 shares of common stock, representing 0.99% of its outstanding shares, at a price of 1 yen per share, totaling 1,640,000 yen in proceeds. This third-party allotment designates Mizuho Trust & Banking Co., Ltd. (Akasaka Creative Foundation account) as the allottee, with the disposal date set for September 26, 2025.

The shares will be held under a trust agreement with Mizuho Trust & Banking Co., Ltd., as trustee, for the benefit of the Akasaka Creative Foundation. The trust, scheduled to commence on September 25, 2025, and run until September 25, 2028, will channel dividends from these shares as trust proceeds to fund the foundation’s activities. TBS Holdings previously established the Akasaka Creative Foundation on August 28, 2025.

This disposition follows a resolution by TBS Holdings' Board of Directors on May 14, 2025, and shareholder approval, delegating the final decision on specific terms to the Board. This strategic move reinforces TBS Holdings’ commitment to its newly established foundation through a structured financial arrangement.