Securing Funds for Capital Alliances and M&A Through a Change in the Use of Funds
First written in FY2017-Q2. 5 of 10 entries say "Reframed", first in FY2020. Latest entry: FY2023-Q1.
Caica Digital moved to the "Worse" side of this theme in 2023, 2 years before the typical company in this theme (2025).
The whole theme swung hardest in 2026: 2 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2023-Q1ReframedAnnual report
「Use of proceeds: ① funds for promoting the Web3 business at カイカフィナンシャルホールディングス, ② funds for subscribing to the capital increase of カイカエクスチェンジ, ③ funds for cryptocurrency investment and lending at カイカキャピタル, and ④ working capital, including funds for repaying interest-bearing debt」
Following the previous change in the use of proceeds, the use of proceeds from the new third series of stock acquisition rights has been restructured to cover the Web3 business, a capital increase by the operator of Zaif, cryptocurrency investment and lending, and debt repayment. - FY2022-Q1ReframedAnnual report
「Because the amount raised as of 7 December 2021 was approximately ¥2 billion, compared with the initially anticipated amount of approximately ¥3.9 billion, the use of proceeds was changed as follows.」
As exercise of the second series of stock acquisition rights did not progress, the use of proceeds was reorganized from the initial ¥3.9 billion to ¥1.966 billion. Funds for cryptocurrency investment and management by カイカキャピタル were reduced from ¥2.2 billion to ¥706 million, while the amount for subscribing to the capital increase of カイカ証券 became ¥0. - FY2021AdvancedAnnual report
「The funds raised through the rights offering in September 2020 have largely been applied as planned, and the remaining balance is scheduled to be used for recruitment, training, and other expenses.」
The allocation of rights offering proceeds to capital alliances and M&A, fund investments, and Zaif-related initiatives progressed to the stage where substantially all of the planned uses had been funded. - FY2021-Q2ReframedAnnual report
「Use of proceeds: ① development costs for Zaif's next-generation systems, ② strengthening Zaif's internal control framework, ③ group-wide rebranding, ④ cryptocurrency investment and management funds at Zaif Capital, and ⑤ subscription to the capital increase of eワラント証券」
The use of proceeds raised through the stock acquisition rights has been reorganized to cover the strengthening of Zaif's systems and internal controls, group rebranding, cryptocurrency investment and management, and subscription to the capital increase of eワラント証券. - FY2021-Q1ReframedAnnual report
「Of the proceeds raised through the rights offering, as disclosed in the notice dated 18 December 2020 titled “Notice Regarding Changes to the Use of Proceeds Raised through Investments in Funds (Change in Subsidiaries) and a Rights Offering (Non-committed Type / Listed Stock Acquisition Rights Gratis Allotment),” ¥1,462 million from purpose of funds ⑦ M&A funds and ¥373 million from ⑧ working capital will be allocated to funds for subscribing to ordinary shares issued by Zaif HD through a third-party allotment and acquiring ordinary shares from Zaif HD shareholders.」
The use of rights offering proceeds was reorganized from the previous allocation to M&A and working capital to funds for making Zaif HD a subsidiary, including the acquisition of Zaif HD shares and subscription to its capital increase. - FY2020ReframedAnnual report
「The ¥1,552 million that exceeded the originally anticipated amount raised was to be allocated to working capital. However, it was decided that the funds would instead be used to subscribe to ¥400 million of unsecured ordinary bonds issued by Zaif Holdings Co., Ltd., an equity-method affiliate of our company.」
The use of proceeds was reorganized from a focus on working capital to capital and business cooperation, including the subscription of Zaif Holdings bonds and investments in cryptocurrency and art funds. - FY2018-Q2RestatedAnnual report
「In November 2017, we raised ¥2,330 million through the issuance of new shares by way of a third-party allotment to fund M&A and capital and business alliances.」
The policy of raising ¥2.33 billion through a third-party allotment capital increase for M&A and capital and business alliances, together with flexible capital and financial strategies, has been reaffirmed. - FY2017AdvancedAnnual report
「In November 2017, we raised ¥2,330 million through the issuance of new shares by way of a third-party allotment to fund M&A and capital and business alliances.」
A third-party allotment capital increase was carried out for M&A and capital and business alliances, completing fundraising of ¥2.33 billion. - FY2017-Q3AdvancedAnnual report
「In June of this year, all of the fifth series of stock acquisition rights were exercised, putting the company in a position to fund M&A transactions.」
The company stated that the full exercise of the stock acquisition rights had secured funding for M&A, and subsequent share acquisitions were carried out using its own funds. - FY2017-Q2First statedAnnual report
「(After the change) Repayment of borrowings from financial institutions: approximately ¥2.85 billion, October 2015–December 2017; capital alliances and M&A: approximately ¥1.23 billion, June 2017–June 2018; total: approximately ¥4.08 billion」
The use of proceeds from the issuance of new shares and other instruments was changed from applying the full approximately ¥4.08 billion to repayment of borrowings to applying approximately ¥2.85 billion to repayment of borrowings and approximately ¥1.23 billion to capital alliances and M&A.