Worth reading
65In focus
Scored from 3 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
200
Millions of yenWording
Conditional
How definitive the wording is.Details of issuance or disposal
36th Series Stock Acquisition Rights issued through a third-party allotment (with exercise price adjustment clause), 37th Series Stock Acquisition Rights and 38th Series Stock Acquisition Rights
Amount of funds to be raised
Expected to total approximately ¥1,364,200,000 through the issuance of these Stock Acquisition Rights and their exercise by the intended allottee(s)
Specific use of funds
Redemption of these corporate bondsAmount ¥0 million
Operation of the “Solana Treasury Business” using the crypto asset SolanaAmount ¥750 million / Scheduled timing of expenditures October 2025 to October 2026
SIAP-related expenses required for M&A transactionsAmount ¥100 million / Scheduled timing of expenditures November 2025 to June 2027
Growth funding for subsidiaries, both existing and new, including subsidiaries acquired through SIAP, and investee companies, as well as funding for the creation of new IP and the promotion of new businessesAmount ¥333 million / Scheduled timing of expenditures November 2025 to June 2027
Working capitalAmount ¥181 million / Scheduled timing of expenditures November 2025 to June 2027
Terms of the stock acquisition rights
Exercise price
The 36th Series Stock Acquisition Rights are described as having an exercise price adjustment clause, while the 37th Series Stock Acquisition Rights are described as having a fixed exercise price; the initial exercise price and floor price are Not disclosed
Most recent equity financing
Timing 27 October 2025 / Type Exercise of the 36th Series Stock Acquisition Rights (with exercise price adjustment clause) / Amount Not disclosed, Timing 28 October 2025 / Type Exercise of the 37th Series Stock Acquisition Rights (fixed exercise price type) / Amount Not disclosed
Impact on Business Performance
The impact of the change in the use of proceeds on financial results is expected to be immaterial
| Item | Details |
|---|---|
| Type of issuance or disposal | 36th Series Stock Acquisition Rights issued through a third-party allotment (with exercise price adjustment clause), 37th Series Stock Acquisition Rights and 38th Series Stock Acquisition Rights |
| Amount of funds to be raised | Expected to total approximately ¥1,364,200,000 through the issuance of these Stock Acquisition Rights and their exercise by the intended allottee(s) |
| Specific use of funds | Details Redemption of these corporate bonds / Amount ¥0 million / Scheduled timing of expenditures Not disclosed, Details Operation of the “Solana Treasury Business” using the crypto asset Solana / Amount ¥750 million / Scheduled timing of expenditures October 2025 to October 2026, Details SIAP-related expenses required for M&A transactions / Amount ¥100 million / Scheduled timing of expenditures November 2025 to June 2027, Details Growth funding for subsidiaries, both existing and new, including subsidiaries acquired through SIAP, and investee companies, as well as funding for the creation of new IP and the promotion of new businesses / Amount ¥333 million / Scheduled timing of expenditures November 2025 to June 2027, Details Working capital / Amount ¥181 million / Scheduled timing of expenditures November 2025 to June 2027 |
| Exercise price | The 36th Series Stock Acquisition Rights are described as having an exercise price adjustment clause, while the 37th Series Stock Acquisition Rights are described as having a fixed exercise price; the initial exercise price and floor price are Not disclosed |
| Most recent equity financing | Timing 27 October 2025 / Type Exercise of the 36th Series Stock Acquisition Rights (with exercise price adjustment clause) / Amount Not disclosed, Timing 28 October 2025 / Type Exercise of the 37th Series Stock Acquisition Rights (fixed exercise price type) / Amount Not disclosed |
| Impact on Business Performance | The impact of the change in the use of proceeds on financial results is expected to be immaterial |
Items this document does not state (22)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueEstimated issuance expensesPayment dateIntended allotteeIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise 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 RatioProcedures under the Corporate Code of ConductMajor shareholders after the offering
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.Based on the new strategy announced in the presentation materials for the first quarter of the fiscal year ending December 2026, the company will allocate an additional ¥200 million to the purchase of Solana, with the aim of improving future earnings capacity and stabilizing its business foundation. The additionally acquired Solana is scheduled to be used for staking, and the company expects an increase in staking rewards and rewards from validator operations.
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.