Seibu HD Final adjustment to accept investment of 80 billion yen Two subsidiaries issue preferred shares October 15, 12:54
Seibu Holdings, whose business performance has deteriorated due to the effects of the new coronavirus, will issue "priority shares" from its subsidiaries "Seibu Railway" and "Prince Hotel" in order to strengthen its financial base. It turned out that we are making final adjustments in the direction of accepting an investment of 80 billion yen.
Seibu Holdings is expected to fall into the final deficit of 63 billion yen this year for the entire group due to the drop in railroad and hotel passengers due to the spread of the new coronavirus infection.
The final deficit is the first in 12 years, and the deficit width is said to be the largest ever.
For this reason, according to the people concerned, Seibu Holdings is proceeding with final adjustments in the direction of accepting a total of 80 billion yen in investment from its main banks, Mizuho Bank and Development Bank of Japan, through its subsidiaries. It means that it is.
Specifically, "Seibu Railway" and "Prince Hotel" will each issue "preferred stocks" that can obtain high dividends instead of having voting rights, and the two banks will underwrite 40 billion yen each.
Seibu Holdings aims to strengthen its financial base by strengthening its capital by issuing preferred shares and to overcome the severe situation where there is concern that the effects of the new coronavirus will be prolonged.