Eliminating Negative Net Worth and Raising Funds Through a Third-Party Allotment
First written in FY2021-Q3. 9 of 21 entries say "Advanced", first in FY2023-Q2. Latest entry: 2026-08-17.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「First series of unsecured convertible bonds with stock acquisition rights (6) Amount of financing ¥99,000,000 (9) Intended allottee Hisashi Yoneyama (米山 久)」
Payment for ¥99 million of unsecured convertible bonds with stock acquisition rights issued to Hisashi Yoneyama (米山 久) as the allottee was completed on 31 October 2025. After the filing date, a ¥250 million third-party allotment capital increase to NIGITA and Suntory is also planned. - FY2026-H1ReframedAnnual report
「At a meeting of the Board of Directors held on 14 August 2025, the Company resolved to issue to Hisashi Yoneyama (米山 久), by way of a third-party allotment, the first series of unsecured convertible bonds with stock acquisition rights (the "Bonds with Stock Acquisition Rights," the bond component, the "Bonds," and the stock acquisition rights component, the "Stock Acquisition Rights"). On the same date, the Company entered into an underwriting agreement for the Bonds with Stock Acquisition Rights and the Bonds with Hisashi Yoneyama (米山 久), and payment was completed on 29 October 2025.」
The Company expanded its financing methods from the previous use of third-party allotments and stock acquisition rights to financing through unsecured convertible bonds with stock acquisition rights issued to Hisashi Yoneyama (米山 久). The amount raised was ¥99 million, the initial conversion price was ¥938, and the redemption date is 30 September 2028. - FY2024AdvancedAnnual report
「Number of bonds with stock acquisition rights subject to exercise-price adjustment exercised during the period (units) 1,170 Number of shares delivered upon exercise during the period (shares) 117,000 Amount raised through exercises during the period (thousand yen) 104,013」
Exercise of the fifth series of stock acquisition rights resulted in the issuance of 117,000 shares and ¥104.013 million in financing. Exercise of all fourth-series stock acquisition rights was completed as of 25 October 2023. - FY2024-Q3AdvancedAnnual report
「Number of bonds with stock acquisition rights subject to exercise-price adjustment exercised during the quarter (units) 970 Number of shares delivered upon exercise during the quarter (shares) 97,000 Amount raised through exercises during the quarter (thousand yen) 74,690 Cumulative number of bonds with stock acquisition rights subject to exercise-price adjustment exercised as of the end of the quarter (units) 5,000 Cumulative number of shares delivered upon exercise of bonds with stock acquisition rights subject to exercise-price adjustment as of the end of the quarter (shares) 500,000 Cumulative amount raised through exercises of bonds with stock acquisition rights subject to exercise-price adjustment as of the end of the quarter (thousand yen) 385,000」
Exercise of the fourth series of stock acquisition rights was completed, raising ¥74.690 million through the issuance of 97,000 shares during the third quarter and ¥385 million through the issuance of 500,000 shares on a cumulative basis. The exercise price of the fifth series of stock acquisition rights was revised. - FY2024-Q2AdvancedAnnual report
「Number of bonds with stock acquisition rights subject to exercise-price adjustment exercised during the quarter (units) 4,020 Number of shares delivered upon exercise during the quarter (shares) 402,000 Amount raised through exercises during the quarter (thousand yen) 309,540」
During the second quarter, 4,020 fourth-series stock acquisition rights were exercised, raising ¥309.540 million through the issuance of 402,000 common shares. Cumulatively, 4,030 rights had been exercised, resulting in 403,000 shares and ¥310.310 million raised. - FY2024-Q1AdvancedAnnual report
「Issuance by way of a third-party allotment of the fourth through sixth series of stock acquisition rights and execution of a purchase agreement for the stock acquisition rights (Target Issue Program)」
To eliminate the negative net assets and stabilize cash management, the Company issued the fourth through sixth series of stock acquisition rights with adjustment provisions for the exercise price. The total number of underlying shares is 950,000, and the exercise period is from 15 June 2023 to 15 June 2026. During the quarter, 10 rights were exercised, raising ¥770,000 through the issuance of 1,000 shares. - FY2023AchievedAnnual report
「1 March 2023 (Note) 7 Common shares 1,428,700」
The Company issued 1,428,700 common shares through a third-party allotment capital increase paid in on 1 March 2023, implementing the previously approved capital increase to eliminate the negative net assets and raise funds. - FY2023-Q3AdvancedAnnual report
「We believe that eliminating the negative net assets by executing sufficient financing at the appropriate time and through appropriate methods is an urgent management priority. At a meeting of the Board of Directors held on 13 February 2023, the Company resolved to conduct a third-party allotment capital increase of common shares. Total ¥650 million」
On 13 February 2023, the Company resolved to conduct a third-party allotment capital increase of common shares to eliminate the negative net assets and restore the business. The payment date was set for 1 March 2023, with total proceeds of ¥650 million to be used for new store openings, renovation and refurbishment of existing stores, and working capital. - FY2023-Q2AdvancedAnnual report
「In addition, on 30 September 2022, the Company received payment from Hisashi Yoneyama (米山 久) for a third-party allotment capital increase, increasing stated capital and capital surplus by ¥100.014 million each.」
On 30 September 2022, a third-party allotment capital increase of 445,500 common shares, with Hisashi Yoneyama (米山 久) as the allottee, was completed, increasing stated capital and capital surplus by ¥100.014 million each. - FY2021AchievedAnnual report
「Funds provided by financing activities during the consolidated fiscal year amounted to ¥4,129 million. This mainly comprised an increase resulting from proceeds of ¥1,200 million from long-term borrowings through the formation of a syndicated loan, the difference between proceeds of ¥1,108 million from short-term borrowings and repayments of ¥691 million of long-term borrowings, and proceeds of ¥2,531 million from the issuance of shares.」
The issuance of common shares, Class A preferred shares and Class B preferred shares by way of a third-party allotment was completed, and financing through the issuance of shares was realized. - FY2021-Q3First statedAnnual report
「We believe that eliminating the negative net assets by executing sufficient financing at the appropriate time and through appropriate methods is an urgent management priority.」
To eliminate the negative net assets and improve performance over the long term, the Company resolved to conduct a third-party allotment capital increase comprising common shares, Class A preferred shares and Class B preferred shares. The scheduled payment dates are 26 February 2021 and 29 March 2021, and the total amount to be raised is ¥2,540 million. The proceeds will be used for store equipment investment, repayment of interest-bearing debt and working capital.