Worth reading
64In focus
Scored from 3 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
75
¥ million (increase in amount allocated to repayment of borrowings)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of new shares by third-party allotment
Specific use of funds
Working capital (personnel expenses, outsourcing expenses, etc.)Amount ¥145 million / Scheduled timing of expenditures February 2026 to September 2028
Working capital (stores, Fukuoka headquarters, Tokyo showroom, etc.)Amount ¥76 million / Scheduled timing of expenditures February 2026 to February 2027
Working capital (inventory purchases)Amount ¥60 million / Scheduled timing of expenditures February 2026 to February 2027
Marketing ExpensesAmount ¥195 million / Scheduled timing of expenditures February 2026 to September 2028
DENBA Lounge opening costsAmount ¥55 million / Scheduled timing of expenditures June 2026 to September 2028
Debt RepaymentAmount ¥225 million / Scheduled timing of expenditures By July 2026
Most recent equity financing
Issuance of new shares through a third-party allotment dated 4 February 2026 (the issue price and total amount are Not disclosed in this document)
Impact on Business Performance
The Company expects the impact of the change in the original use of funds on its operating results to be immaterial.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares by third-party allotment |
| Specific use of funds | Details Working capital (personnel expenses, outsourcing expenses, etc.) / Amount ¥145 million / Scheduled timing of expenditures February 2026 to September 2028, Details Working capital (stores, Fukuoka headquarters, Tokyo showroom, etc.) / Amount ¥76 million / Scheduled timing of expenditures February 2026 to February 2027, Details Working capital (inventory purchases) / Amount ¥60 million / Scheduled timing of expenditures February 2026 to February 2027, Details Marketing Expenses / Amount ¥195 million / Scheduled timing of expenditures February 2026 to September 2028, Details DENBA Lounge opening costs / Amount ¥55 million / Scheduled timing of expenditures June 2026 to September 2028, Details Debt Repayment / Amount ¥225 million / Scheduled timing of expenditures By July 2026 |
| Most recent equity financing | Issuance of new shares through a third-party allotment dated 4 February 2026 (the issue price and total amount are Not disclosed in this document) |
| Impact on Business Performance | The Company expects the impact of the change in the original use of funds on its operating results to be immaterial. |
Items this document does not state (24)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesPayment dateIntended allotteeIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise 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 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.The Company reviewed the original use of funds in light of changes in its business plan and funding needs. As proceeds from the sale of a grid-scale battery storage project are expected to be received later than planned, the Company will ensure repayment of borrowings and secure the stability of its financial foundation. The Company also reviewed its plans to convert the business format to DENBA Lounge and its marketing initiatives covering the three businesses.
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.