Worth reading
42Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
17392100
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Offering of the Company's common shares in overseas markets
発行・処分する株式数17,392,100Shares
17,392,100 shares (an offering by existing shareholders, not an issuance of new shares)
Conditions on transfer restrictions
Restricted stock is stock awarded as compensation that cannot be sold during a specified period, with the restrictions lifted once the applicable conditions are met.
Transfer restriction period
For the 3 selling shareholders, a lock-up period beginning on the date on which the offering price and other terms are determined and ending on the 180th day counting from the delivery date
Conditions for lifting transfer restrictions
During the lock-up period, the selling shareholders will not sell or otherwise dispose of the Company's common shares without the prior written consent of the joint lead managers. The joint lead managers may, at their discretion, waive part or all of the agreement.
Offering structure
Underwriter / lead underwriter
Nomura Securities Co., Ltd., Daiwa Securities Co., Ltd., and Mizuho Securities Co., Ltd. (joint lead managers)
Basis for determining the amount to be paid
The indicative price range will be calculated by multiplying the closing price for regular trading of the Company's common shares on the Tokyo Stock Exchange on the date on which the offering price and other terms are determined by 0.90 to 1.00. The final price will be determined using the book-building method, taking into account demand and other factors.
Procedures under the Corporate Code of Conduct
Determined by resolution of the Board of Directors. No information is provided regarding obtaining an opinion from an independent third party or confirming shareholders' intentions.
| Item | Details |
|---|---|
| Type of issuance or disposal | Offering of the Company's common shares in overseas markets |
| Number of shares to be issued or disposed of | 17,392,100 shares (an offering by existing shareholders, not an issuance of new shares) |
| Basis for determining the amount to be paid | The indicative price range will be calculated by multiplying the closing price for regular trading of the Company's common shares on the Tokyo Stock Exchange on the date on which the offering price and other terms are determined by 0.90 to 1.00. The final price will be determined using the book-building method, taking into account demand and other factors. |
| Transfer restriction period | For the 3 selling shareholders, a lock-up period beginning on the date on which the offering price and other terms are determined and ending on the 180th day counting from the delivery date |
| Conditions for lifting transfer restrictions | During the lock-up period, the selling shareholders will not sell or otherwise dispose of the Company's common shares without the prior written consent of the joint lead managers. The joint lead managers may, at their discretion, waive part or all of the agreement. |
| Underwriter / lead underwriter | Nomura Securities Co., Ltd., Daiwa Securities Co., Ltd., and Mizuho Securities Co., Ltd. (joint lead managers) |
| Procedures under the Corporate Code of Conduct | Determined by resolution of the Board of Directors. No information is provided regarding obtaining an opinion from an independent third party or confirming shareholders' intentions. |
Items this document does not state (21)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allotteeIntended allottee's holding policyDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationOverallotmentStock Split RatioMost recent equity financingMajor shareholders after the offeringImpact on Business Performance
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 response to certain shareholders' intention to sell, the offering will provide them with an opportunity to sell their holdings smoothly and help limit the impact on supply and demand from irregular market sales. It is also intended to expand and diversify the shareholder base by increasing the proportion of overseas investors, improve share liquidity, and further enhance corporate governance.
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.