Worth reading
78Important
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
154600
sharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of New Shares through a Private Placement
Who receives how much
154,600 shares (planned number of shares to be issued: 189,500)
Mizuho Securities Co., Ltd. (154,600 shares)
The lower thin line represents the existing number of shares to which these shares will be added.
¥3,173.50 per share
Total issue value
¥490,623,100
Amount of funds to be raised
Total amount to be paid in: ¥490,623,100; estimated net proceeds: ¥486,623,100
Estimated issuance expenses
¥4,000,000 (calculated as the difference between the total amount to be paid in and the estimated net proceeds)
Specific use of funds
The total estimated net proceeds of ¥4,470,340,350, including the estimated net proceeds from the public offering, will be allocated to capital expenditures related to the development of the Wakayama branch of the International Submarine Cable and the Wakayama International Submarine Cable Landing Station (Wakayama Project).Amount Total estimated net proceeds: ¥4,470,340,350 (including ¥486,623,100 from the third-party allotment) / Scheduled timing of expenditures Through the fiscal year ending March 2030
If a balance remains from the funds raised, it will be allocated to capital expenditures related to expanding international communications capacity and communications networks, including in the Philippines.
Existing Shares and Increase
+1.07%Rate of increase
14,386,400 shares14,541,000Shares
Approximately 1.07% (154,600 shares ÷ 14,386,400 shares)
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
Offering structure
Underwriter / lead underwriter
Mizuho Securities Co., Ltd.
Overallotment
Number of shares offered and maximum number of shares in the third-party allotment: Not disclosed
Payment date
18 November 2026
Most recent equity financing
Timing Resolution on 5 October 2026; issue price and other terms determined on 14 October 2026 / Type Issuance of new shares through a public offering and issuance of new shares through a third-party allotment / Amount Estimated net proceeds from the public offering: ¥3,983,717,250; estimated net proceeds from the third-party allotment: ¥486,623,100
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of New Shares through a Private Placement |
| Number of shares to be issued or disposed of | 154,600 shares (planned number of shares to be issued: 189,500) |
| Issue price and disposal price | ¥3,173.50 per share |
| Total issue value | ¥490,623,100 |
| Amount of funds to be raised | Total amount to be paid in: ¥490,623,100; estimated net proceeds: ¥486,623,100 |
| Estimated issuance expenses | ¥4,000,000 (calculated as the difference between the total amount to be paid in and the estimated net proceeds) |
| Specific use of funds | Details The total estimated net proceeds of ¥4,470,340,350, including the estimated net proceeds from the public offering, will be allocated to capital expenditures related to the development of the Wakayama branch of the International Submarine Cable and the Wakayama International Submarine Cable Landing Station (Wakayama Project). / Amount Total estimated net proceeds: ¥4,470,340,350 (including ¥486,623,100 from the third-party allotment) / Scheduled timing of expenditures Through the fiscal year ending March 2030, Details If a balance remains from the funds raised, it will be allocated to capital expenditures related to expanding international communications capacity and communications networks, including in the Philippines. / Amount Not disclosed / Scheduled timing of expenditures Not disclosed |
| Payment date | 18 November 2026 |
| Intended allottee | Mizuho Securities Co., Ltd. (154,600 shares) |
| Dilution Rate | Approximately 1.07% (154,600 shares ÷ 14,386,400 shares) |
| Total number of issued shares | 14,386,400 shares → 14,541,000 shares（Approximately 1.07%） |
| Underwriter / lead underwriter | Mizuho Securities Co., Ltd. |
| Overallotment | Number of shares offered and maximum number of shares in the third-party allotment: Not disclosed |
| Most recent equity financing | Timing Resolution on 5 October 2026; issue price and other terms determined on 14 October 2026 / Type Issuance of new shares through a public offering and issuance of new shares through a third-party allotment / Amount Estimated net proceeds from the public offering: ¥3,983,717,250; estimated net proceeds from the third-party allotment: ¥486,623,100 |
Items this document does not state (14)
Intended allottee's holding policyBasis 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 CompensationStock Split RatioProcedures under the Corporate Code of ConductMajor 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.Mizuho Securities Co., Ltd., the prospective allottee, notified the company that it would subscribe for part of the planned number of shares to be issued.
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.