Review of the Investment Plan for Hega and Change in Use of Funds
First written in FY2021-Q2. 2 of 3 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2021.
The whole theme swung hardest in 2026: 2 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「However, during the consideration of the terms of the capital and business alliance, including the results of due diligence, the Company was unable to reach an agreement with Hega, and the possibility of investing in Hega therefore ceased to exist. As the use of the ¥500 million referred to in (i) could not currently be specified, the Company decided to provisionally allocate the entire amount to working capital.」
The investment plan for Hega fell through because no agreement was reached, and the annual disclosure confirms the change in use of proceeds under which the ¥500 million from the ninth series of stock acquisition rights was provisionally allocated to working capital. - FY2021-Q3AdvancedAnnual report
「② Loan to Asia TeleTech 160,000 160,000 September 2020 ③ Loan to Asia TeleTech 100,000 100,000 August 2020」
The disclosed use of proceeds changed from the investment plan for Hega, with the full amounts of ¥160 million and ¥100 million allocated to loans to Asia TeleTech. - FY2021-Q2First statedAnnual report
「However, during the consideration of the terms of the capital and business alliance, including the results of due diligence, the Company was unable to reach an agreement with Hega, and the possibility of investing in Hega therefore ceased to exist. As the use of the ¥500 million referred to in (i) could not currently be specified, the Company decided to provisionally allocate the entire amount to working capital.」
The disclosure states that, as a result of due diligence and other factors, no agreement was reached regarding the originally planned investment in Hega and the possibility of making the investment ceased to exist. The ¥500 million from the ninth series of stock acquisition rights was temporarily reallocated to working capital, while the proceeds from the second series of bonds with stock acquisition rights were reallocated to investment in and loans to Asia TeleTech and working capital.