Strict Management of Use of Funds and Timely Disclosure of Changes in Use
First written in FY2020-Q2. 5 of 11 entries say "Reframed", first in FY2024. Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1ReframedAnnual report
「Accordingly, the scheduled timing for the ¥475 million expenditure was changed from August 2026 to September 2026.」
The planned use of funds for the AIDC business was changed from advance payments for the procurement of up to 32 GPUs through Rubin Tech Inc. to the procurement of GPU servers and related equipment from another operating company and the construction of AIDC infrastructure. The expenditure timing was also changed from August to September 2026, and the plan was restructured on the assumption of introducing approximately 128 units, exceeding the initial estimate. - 2026-08-07SoftenedShare Issuance and Disposal
「The planned amount of funds to be raised through the 14th Series Stock Acquisition Rights is expected to decrease from the originally planned ¥11,837 million to ¥6,097 million.」
The planned proceeds from the 14th Series Stock Acquisition Rights decreased, and the total use of proceeds for the 13th and 14th Series rights contracted from ¥20,271 million to ¥7,978 million. The policy of using the proceeds to purchase Ethereum was maintained, with the shortfall to be addressed through new equity-linked financing and other measures. - FY2026ReframedAnnual report
「The company resolved today to cancel the issuance of these bonds with stock acquisition rights and withdraw the securities registration statement and amended registration statement relating to them.」
The issuance of the 5th series of bonds with stock acquisition rights was cancelled and the registration statement withdrawn because the share price of ¥392 fell below the initial conversion price of ¥646, heightening concerns about dilution. The planned amount for cryptocurrency purchases and other uses was also reduced accordingly. - FY2026-H1ReframedAnnual report
「As stated in the “Notice Regarding a Comprehensive Framework Relating to the Issuance of Bonds with Stock Acquisition Rights, and the Execution of Purchase Agreements for the 13th Series of Stock Acquisition Rights with Exercise Price Adjustment Clauses, the 14th Series of Stock Acquisition Rights, and the 4th and 5th Series of Unsecured Convertible Bonds with Stock Acquisition Rights,” announced on 26 September, the company will secure funds required for future business activities using the proceeds from these financings and cash on hand, while considering additional financing as necessary.」
The policy for securing business funds has been restructured to assume the comprehensive financing framework involving the 13th and 14th series of stock acquisition rights and the 4th and 5th series of bonds with stock acquisition rights announced on 26 September 2025, in addition to conventional financing and the use of cash on hand. - FY2025ReframedAnnual report
「(After change) ① AI Solutions Business (AI hardware / hardware and infrastructure) 1,500 December 2024–December 2025 ② AI Solutions Business (AI software / software, applications and games) 2,098 December 2024–December 2025 ③ Group working capital 1,684 August 2023–December 2025」
The planned use of proceeds from the 12th series of stock acquisition rights was changed from a focus on the AIGC and new energy vehicle businesses to an allocation totaling ¥5,282 million for AI hardware and AIDC, AI software and games, and working capital. - FY2024ReframedAnnual report
「Accordingly, the changes in the use of funds are as follows: for the 11th series of stock acquisition rights, funds originally intended for purchases for the non-ferrous metal trading-matching business using AI technology will be reallocated to working capital; for the 3rd series of unsecured convertible bonds with stock acquisition rights, funds for opening new stores will be reallocated to working capital, and the planned timing for allocating funds to new marketing expenses and development and promotional expenses for new products such as cosmetics and other beauty products will be changed. All changes in the use of funds involve allocating the funds to working capital because the recovery of investment funds in the EV business has been slower than expected, requiring the funds to be allocated to working capital to cover the shortfall caused by the delay.」
For management of the use of funds, funds for purchases for the non-ferrous metal trading-matching business and new store-opening expenses were reallocated to working capital, and the timing of allocations for marketing expenses and other items was also changed. The stated reason was that the recovery of EV investment funds had been slower than expected. - FY2023RestatedAnnual report
「All changes to the use of funds involve allocating the funds to working capital because the recovery of investment funds in the EV business has been slower than expected, requiring the funds to be allocated to working capital to cover the shortfall caused by the delay.」
The change in the use of funds resulting from delays in recovering EV investment funds has been disclosed, and the policy of making timely and appropriate disclosure when the use changes has been reconfirmed alongside the actual disclosure. - FY2021RestatedAnnual report
「Because this is a provisional allocation, we will disclose the use of funds promptly once it has been determined.」
The policy of promptly disclosing the use of funds once determined, when funds have been provisionally allocated to working capital, has been reconfirmed. - FY2021-Q3RestatedAnnual report
「Because this is a provisional allocation, we will disclose the use of funds promptly once it has been determined.」
The policy of promptly disclosing the use of funds once determined after a change in the provisional allocation has been reconfirmed. - FY2020RestatedAnnual report
「If a material change arises in the use of funds in future business developments, we will disclose the details in a timely and appropriate manner.」
In light of past delays in timely disclosure of changes in the use of funds, the policy of making timely and appropriate disclosure when the use of funds changes has also been confirmed in the annual disclosure. - FY2020-Q2First statedAnnual report
「In retrospect, the company should have adopted a resolution at its board meeting in December 2018 and made a timely disclosure regarding the change in the use of funds. Taking seriously the delay in the timely disclosure, the company will strengthen fund management to prevent a recurrence and will disclose immediately if any change arises in the planned use of funds described in today’s “Notice Regarding the Issuance of the 9th Series of Stock Acquisition Rights by Third-Party Allotment and the Issuance of the 2nd Series of Unsecured Convertible Bonds with Stock Acquisition Rights.”」
Following the delay in the timely disclosure regarding changes in the use of proceeds from the 7th and 8th series of stock acquisition rights, the company has for the first time expressly stated a policy of strengthening fund management to prevent recurrence and making immediate disclosure when the use of funds changes.