Worth reading
79Important
Scored from 3 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
4227671000
Yen (total public offering issue price)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Public offering of new shares (general offering), secondary offering through an over-allotment, and public offering of new shares through a third-party allotment
発行・処分する株式数
Issuance of new shares through a public offering 1,263,950 shares / Over-allotment offering 189,500 shares / Issuance of new shares through a third-party allotment 63,500 shares (maximum)
Intended allottee
Third-party allotment: Nomura Securities Co., Ltd. (expected), although this is not stated in the document
Public offering ¥3,173.50 per share (payment amount) / Third-party allotment ¥3,173.50 per share (payment amount) / Offering price ¥3,346 per share
Total issue value
Public offering: ¥4,227,671,000
Amount of funds to be raised
Total payment amount: public offering ¥4,009,717,250; third-party allotment (maximum) ¥601,378,250. Total estimated maximum net proceeds: ¥4,581,095,500
Specific use of funds
Capital expenditures related to the development of the international submarine cable Wakayama branch and the Wakayama International Submarine Cable Landing Station (Wakayama Project)Amount The entire maximum total estimated net proceeds of ¥4,581,095,500 from the general offering and third-party allotment capital increase / Scheduled timing of expenditures Through the fiscal year ending March 2030
Capital expenditures related to expanding international telecommunications capacity and communication networks, primarily in the PhilippinesAmount Any balance remaining from part of the funds raised
Offering structure
Overallotment
Number of shares offered 189,500 shares / Maximum number of shares in a third-party allotment 63,500 shares
Payment date
Public offering 20 October 2026 (Tuesday) / Third-party allotment 18 November 2026 (Wednesday)
Basis for determining the amount to be paid
Based on the closing price of ¥3,450 on the calculation reference date of 14 October 2026, the discount rate is 3.01%
| Item | Details |
|---|---|
| Type of issuance or disposal | Public offering of new shares (general offering), secondary offering through an over-allotment, and public offering of new shares through a third-party allotment |
| Number of shares to be issued or disposed of | Issuance of new shares through a public offering 1,263,950 shares / Over-allotment offering 189,500 shares / Issuance of new shares through a third-party allotment 63,500 shares (maximum) |
| Issue price and disposal price | Public offering ¥3,173.50 per share (payment amount) / Third-party allotment ¥3,173.50 per share (payment amount) / Offering price ¥3,346 per share |
| Total issue value | Public offering: ¥4,227,671,000 |
| Amount of funds to be raised | Total payment amount: public offering ¥4,009,717,250; third-party allotment (maximum) ¥601,378,250. Total estimated maximum net proceeds: ¥4,581,095,500 |
| Specific use of funds | Details Capital expenditures related to the development of the international submarine cable Wakayama branch and the Wakayama International Submarine Cable Landing Station (Wakayama Project) / Amount The entire maximum total estimated net proceeds of ¥4,581,095,500 from the general offering and third-party allotment capital increase / Scheduled timing of expenditures Through the fiscal year ending March 2030, Details Capital expenditures related to expanding international telecommunications capacity and communication networks, primarily in the Philippines / Amount Any balance remaining from part of the funds raised / Scheduled timing of expenditures Not disclosed |
| Payment date | Public offering 20 October 2026 (Tuesday) / Third-party allotment 18 November 2026 (Wednesday) |
| Intended allottee | Third-party allotment: Nomura Securities Co., Ltd. (expected), although this is not stated in the document |
| Basis for determining the amount to be paid | Based on the closing price of ¥3,450 on the calculation reference date of 14 October 2026, the discount rate is 3.01% |
| Overallotment | Number of shares offered 189,500 shares / Maximum number of shares in a third-party allotment 63,500 shares |
Items this document does not state (18)
Estimated issuance expensesIntended allottee's holding policyDilution RateTotal number of issued sharesExercise 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 underwriterStock 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.Because the terms, including the issue price and offering price, have been determined. The entire amount of the funds raised is planned to be allocated by the fiscal year ending March 2030 to capital expenditures for the Wakayama Project. If any balance remains, it is planned to be allocated to capital expenditures related to expanding international telecommunications capacity and communication networks, including in the Philippines.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.