Worth reading
74In focus
Scored from 2 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
81
¥ millions (increase in the amount allocated to use ①)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of Series 14 Stock Acquisition Rights with a provision for adjustment of the exercise price and Series 15 Stock Acquisition Rights through a third-party allotment
Amount of funds to be raised
The net estimated proceeds, calculated by subtracting the estimated issuance expenses from the total amount paid in, comprising the confirmed proceeds of ¥4,183,574,100 from the Series 14 Stock Acquisition Rights and the initially assumed exercise price and related amounts of ¥7,875,750,000 for the Series 15 Stock Acquisition Rights. The specific amount of net estimated proceeds is ¥11,990 million.
Specific use of funds
① Purchase of digital assets (including the acquisition of bitcoin (BTC) and other digital assets with a high degree of compatibility with the Company’s business strategy)Amount ¥8,490 million (amount allocated as of 30 June 2026: ¥2,396 million) / Scheduled timing of expenditures September 2025 to September 2027
② Investments related to the AI data center business (including investments related to the procurement and sale of GPU servers, as well as investments, including equity investments, to deepen the Company’s involvement in the distributed data center field)Amount ¥2,000 million / Scheduled timing of expenditures February 2026 to September 2027
③ Strategic investment and equity investment fund (investments and equity investments required for the Company’s business development, including those related to crypto assets, the AI data center business and the AI user interface business)Amount ¥1,500 million / Scheduled timing of expenditures February 2026 to September 2027
Terms of the stock acquisition rights
Exercise price
The Series 14 Stock Acquisition Rights include a provision for adjustment of the exercise price. The specific initial exercise price and adjustment floor are Not disclosed. The initially assumed exercise price and related amounts for the Series 15 Stock Acquisition Rights are stated as ¥7,875,750,000 in total.
Number of Stock Acquisition Rights
All Series 14 Stock Acquisition Rights had been exercised as of 3 June 2026. The number of unexercised Series 15 Stock Acquisition Rights is Not disclosed. The total number issued is also Not disclosed.
Most recent equity financing
Timing Announced on 9 September 2025 / Type Issuance of Series 14 Stock Acquisition Rights with a provision for adjustment of the exercise price and Series 15 Stock Acquisition Rights through a third-party allotment / Amount Not disclosed
Impact on Business Performance
The impact on results for the current fiscal year is currently being examined. The Company will promptly disclose any material impact once identified.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of Series 14 Stock Acquisition Rights with a provision for adjustment of the exercise price and Series 15 Stock Acquisition Rights through a third-party allotment |
| Amount of funds to be raised | The net estimated proceeds, calculated by subtracting the estimated issuance expenses from the total amount paid in, comprising the confirmed proceeds of ¥4,183,574,100 from the Series 14 Stock Acquisition Rights and the initially assumed exercise price and related amounts of ¥7,875,750,000 for the Series 15 Stock Acquisition Rights. The specific amount of net estimated proceeds is ¥11,990 million. |
| Specific use of funds | Details ① Purchase of digital assets (including the acquisition of bitcoin (BTC) and other digital assets with a high degree of compatibility with the Company’s business strategy) / Amount ¥8,490 million (amount allocated as of 30 June 2026: ¥2,396 million) / Scheduled timing of expenditures September 2025 to September 2027, Details ② Investments related to the AI data center business (including investments related to the procurement and sale of GPU servers, as well as investments, including equity investments, to deepen the Company’s involvement in the distributed data center field) / Amount ¥2,000 million / Scheduled timing of expenditures February 2026 to September 2027, Details ③ Strategic investment and equity investment fund (investments and equity investments required for the Company’s business development, including those related to crypto assets, the AI data center business and the AI user interface business) / Amount ¥1,500 million / Scheduled timing of expenditures February 2026 to September 2027 |
| Exercise price | The Series 14 Stock Acquisition Rights include a provision for adjustment of the exercise price. The specific initial exercise price and adjustment floor are Not disclosed. The initially assumed exercise price and related amounts for the Series 15 Stock Acquisition Rights are stated as ¥7,875,750,000 in total. |
| Number of Stock Acquisition Rights | All Series 14 Stock Acquisition Rights had been exercised as of 3 June 2026. The number of unexercised Series 15 Stock Acquisition Rights is Not disclosed. The total number issued is also Not disclosed. |
| Most recent equity financing | Timing Announced on 9 September 2025 / Type Issuance of Series 14 Stock Acquisition Rights with a provision for adjustment of the exercise price and Series 15 Stock Acquisition Rights through a third-party allotment / Amount Not disclosed |
| Impact on Business Performance | The impact on results for the current fiscal year is currently being examined. The Company will promptly disclose any material impact once identified. |
Items this document does not state (21)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueEstimated issuance expensesPayment dateIntended allotteeIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise periodTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMajor shareholders after the offering
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.In anticipation of the Agentic Commerce (AI agent economy) era, the Company considers on-chain finance to be an essential component of social infrastructure. The Company determined that expanding its investment targets beyond a single crypto asset to digital assets generally that may generate synergies with its business will contribute to a sustained increase in corporate value.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.