Worth reading
80Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
204709
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of New Shares Through a Third-Party Allotment
Who receives how much204,709Shares
204,709 ordinary shares (new shares)
Yoneyama Hisashi (米山久)204,709 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥977 per share
Total issue value
¥200,000,693
Amount of funds to be raised
Total payment amount: ¥200,000,693; estimated net proceeds: ¥197,640,693
Estimated issuance expenses
¥2,360,000
Specific use of funds
Costs related to opening new storesAmount ¥146 million / Scheduled timing of expenditures October 2026 to March 2027
Renovation costs, including interior fixtures and fittings, to improve profitabilityAmount ¥51 million / Scheduled timing of expenditures October 2026 to March 2027
Existing Shares and Increase
+1.58%Rate of increase
12,992,202 shares13,196,911Shares
1.58% (also 1.58% on a voting-rights basis)
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
Offering structure
Major shareholders after the offering
Name Yoneyama Hisashi (米山久) / Shareholding ratio 40.99%Name MTRインベストメント株式会社 / Shareholding ratio 5.13%Name Nishi Yoichiro (西陽一郎) / Shareholding ratio 3.34%Name オイシックス・ラ・大地株式会社 / Shareholding ratio 2.75%Name 株式会社アップフロントグループ / Shareholding ratio 1.12%Name 株式会社NSK / Shareholding ratio 0.84%Name 株式会社NIGITA / Shareholding ratio 0.83%Name Satomi Junko (里見順子) / Shareholding ratio 0.46%Name エー・ピーホールディングス従業員持株会 / Shareholding ratio 0.38%Name Nomura Securities / Shareholding ratio 0.23%
Intended allottee's holding policy
The allottee intends to hold the ordinary shares acquired over the medium to long term. The Company plans to obtain a written undertaking agreeing that, if all or part of the shares are transferred within 2 years of the payment date, the details of the transfer will be reported to the Company in writing and the Company will report them to the Tokyo Stock Exchange, among other matters.
Payment date
30 September 2026
Basis for determining the amount to be paid
The closing price on the Tokyo Stock Exchange on 8 September 2026 was ¥977. This represented a 2.84% premium to the average closing price of ¥950 for the preceding 1 month, a 3.94% premium to the preceding 3-month average of ¥940, and a 4.49% premium to the preceding 6-month average of ¥935.
Procedures under the Corporate Code of Conduct
Because the dilution rate is below 25% and there will be no change in the controlling shareholder, neither an opinion from an independent third party nor a shareholder approval procedure is required.
Most recent equity financing
Timing Payment on 17 August 2026 / Type Issuance of common shares by third-party allotment / Amount Amount of funds raised: ¥100,000,684 (estimated net proceeds: ¥96,350,684), Timing Payment on 17 August 2026 / Type Issuance of Class C preferred shares through a third-party allotment / Amount Amount of funds raised: ¥150,000,000 (estimated net proceeds: ¥146,220,000)
Impact on Business Performance
The impact on consolidated results for the fiscal year ending March 2027 is expected to be minor.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of New Shares Through a Third-Party Allotment |
| Number of shares to be issued or disposed of | 204,709 ordinary shares (new shares) |
| Issue price and disposal price | ¥977 per share |
| Total issue value | ¥200,000,693 |
| Amount of funds to be raised | Total payment amount: ¥200,000,693; estimated net proceeds: ¥197,640,693 |
| Estimated issuance expenses | ¥2,360,000 |
| Specific use of funds | Details Costs related to opening new stores / Amount ¥146 million / Scheduled timing of expenditures October 2026 to March 2027, Details Renovation costs, including interior fixtures and fittings, to improve profitability / Amount ¥51 million / Scheduled timing of expenditures October 2026 to March 2027 |
| Payment date | 30 September 2026 |
| Intended allottee | Name Yoneyama Hisashi (米山久) / Category Representative Director, Chairman and President; largest shareholder / Number of Shares 204,709 shares |
| Intended allottee's holding policy | The allottee intends to hold the ordinary shares acquired over the medium to long term. The Company plans to obtain a written undertaking agreeing that, if all or part of the shares are transferred within 2 years of the payment date, the details of the transfer will be reported to the Company in writing and the Company will report them to the Tokyo Stock Exchange, among other matters. |
| Dilution Rate | 1.58% (also 1.58% on a voting-rights basis) |
| Total number of issued shares | 12,992,202 shares → 13,196,911 shares（1.58%） |
| Basis for determining the amount to be paid | The closing price on the Tokyo Stock Exchange on 8 September 2026 was ¥977. This represented a 2.84% premium to the average closing price of ¥950 for the preceding 1 month, a 3.94% premium to the preceding 3-month average of ¥940, and a 4.49% premium to the preceding 6-month average of ¥935. |
| Procedures under the Corporate Code of Conduct | Because the dilution rate is below 25% and there will be no change in the controlling shareholder, neither an opinion from an independent third party nor a shareholder approval procedure is required. |
| Most recent equity financing | Timing Payment on 17 August 2026 / Type Issuance of common shares by third-party allotment / Amount Amount of funds raised: ¥100,000,684 (estimated net proceeds: ¥96,350,684), Timing Payment on 17 August 2026 / Type Issuance of Class C preferred shares through a third-party allotment / Amount Amount of funds raised: ¥150,000,000 (estimated net proceeds: ¥146,220,000) |
| Major shareholders after the offering | Name Yoneyama Hisashi (米山久) / Shareholding ratio 40.99%, Name MTRインベストメント株式会社 / Shareholding ratio 5.13%, Name Nishi Yoichiro (西陽一郎) / Shareholding ratio 3.34%, Name オイシックス・ラ・大地株式会社 / Shareholding ratio 2.75%, Name 株式会社アップフロントグループ / Shareholding ratio 1.12%, Name 株式会社NSK / Shareholding ratio 0.84%, Name 株式会社NIGITA / Shareholding ratio 0.83%, Name Satomi Junko (里見順子) / Shareholding ratio 0.46%, Name エー・ピーホールディングス従業員持株会 / Shareholding ratio 0.38%, Name Nomura Securities / Shareholding ratio 0.23% |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending March 2027 is expected to be minor. |
Items this document does not state (11)
Exercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split Ratio
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.To promptly advance growth investments through the opening of new stores and renovation of existing stores and strengthen the earnings base. The Company explains that while existing shareholders will be diluted, the transaction is expected to enhance corporate value and benefit existing shareholders.
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.