Worth reading
28Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
1255800
SharesWording
Conditional
How definitive the wording is.Details of issuance or disposal
Secondary offering of shares (underwritten secondary offering) and secondary offering through an over-allotment
Who receives how much
Secondary offering with underwriter purchase commitment 1,255,800 shares / Overallotment 188,300 shares (maximum)
SUMITOMO CHEMICAL COMPANY,LIMITED586,700 shares
Sumitomo Forestry Co.,Ltd.248,200 shares
YAKULT HONSHA CO.,LTD.219,000 shares
NAGASE & CO.,LTD.117,200 shares
The Kagawa Bank, Ltd.57,900 shares
SHIKOKU KASEI HOLDINGS CORPORATION20,200 shares
TOKYO PRINTING INK MFG.CO.,LTD.6,600 shares
The height of each bar represents the proportion of shares received by each allottee. The thin line below represents the number of existing shares to which these shares are added.
発行済株式総数
No change in the total number of shares issued as a result of the offering
Terms of the stock acquisition rights
Exercise period
The green shoe option will be available from the settlement date through 6 November 2026.
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
The lock-up for the selling shareholders and others will begin on the date on which the offering price and other terms are determined and end on the 90th day after the settlement date.
Conditions for lifting transfer restrictions
Where prior written consent is obtained from Nomura Securities Co., Ltd. Nomura Securities may waive the agreement at its discretion even during the period.
Offering structure
Underwriter / lead underwriter
Nomura Securities Co., Ltd. (lead manager) and the underwriting syndicate
Overallotment
Number of shares offered 188,300 shares (maximum) / Maximum number of shares in a third-party allotment Not disclosed
Intended allottee's holding policy
Among the selling shareholders, SUMITOMO CHEMICAL COMPANY,LIMITED, Sumitomo Forestry Co.,Ltd., 株式会社ヤクルト本社 and 株式会社香川銀行, among others, have agreed to a lock-up under which they will not sell or otherwise dispose of the company's shares without the prior consent of Nomura Securities Co., Ltd. from the date on which the offering price and other terms are determined through the 90th day after the settlement date. Nomura Securities may waive the agreement at its discretion.
Basis for determining the amount to be paid
The indicative price range will be 0.90 to 1.00 times the closing price on the Tokyo Stock Exchange on the date on which the offering price and other terms are determined, with the final price to be determined after taking demand into account.
| Item | Details |
|---|---|
| Type of issuance or disposal | Secondary offering of shares (underwritten secondary offering) and secondary offering through an over-allotment |
| Number of shares to be issued or disposed of | Secondary offering with underwriter purchase commitment 1,255,800 shares / Overallotment 188,300 shares (maximum) |
| Intended allottee | Name SUMITOMO CHEMICAL COMPANY,LIMITED / Number of Shares 586,700 shares, Name Sumitomo Forestry Co.,Ltd. / Number of Shares 248,200 shares, Name YAKULT HONSHA CO.,LTD. / Number of Shares 219,000 shares, Name NAGASE & CO.,LTD. / Number of Shares 117,200 shares, Name The Kagawa Bank, Ltd. / Number of Shares 57,900 shares, Name SHIKOKU KASEI HOLDINGS CORPORATION / Number of Shares 20,200 shares, Name TOKYO PRINTING INK MFG.CO.,LTD. / Number of Shares 6,600 shares |
| Intended allottee's holding policy | Among the selling shareholders, SUMITOMO CHEMICAL COMPANY,LIMITED, Sumitomo Forestry Co.,Ltd., 株式会社ヤクルト本社 and 株式会社香川銀行, among others, have agreed to a lock-up under which they will not sell or otherwise dispose of the company's shares without the prior consent of Nomura Securities Co., Ltd. from the date on which the offering price and other terms are determined through the 90th day after the settlement date. Nomura Securities may waive the agreement at its discretion. |
| Total number of issued shares | No change in the total number of shares issued as a result of the offering |
| Basis for determining the amount to be paid | The indicative price range will be 0.90 to 1.00 times the closing price on the Tokyo Stock Exchange on the date on which the offering price and other terms are determined, with the final price to be determined after taking demand into account. |
| Exercise period | The green shoe option will be available from the settlement date through 6 November 2026. |
| Transfer restriction period | The lock-up for the selling shareholders and others will begin on the date on which the offering price and other terms are determined and end on the 90th day after the settlement date. |
| Conditions for lifting transfer restrictions | Where prior written consent is obtained from Nomura Securities Co., Ltd. Nomura Securities may waive the agreement at its discretion even during the period. |
| Underwriter / lead underwriter | Nomura Securities Co., Ltd. (lead manager) and the underwriting syndicate |
| Overallotment | Number of shares offered 188,300 shares (maximum) / Maximum number of shares in a third-party allotment Not disclosed |
Items this document does not state (17)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateDilution RateExercise priceNumber of Stock Acquisition RightsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationStock Split RatioProcedures under the Corporate Code of ConductMost 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.As part of the review and reduction of policy-held shares, the company discussed the sale of its shares with the selling shareholders and reached an agreement. The company stated that the offering is intended to expand and diversify its investor base and improve share liquidity.
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.