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Share Issuance and Disposal4506Sumitomo Pharma Co.,Ltd.Pharmaceuticals

Notice Regarding the Determination of the Issue Price, Offering Price and Other Matters

With respect to the public offering of new shares and the offering through an over-allotment approved on 8 April, the issue price and offering price have been finalized at ¥1,990 per share. The public offering comprises 51,304,400 new shares, and the payment amount for the third-party allotment has also been finalized at ¥1,907.08 per share.

Worth reading
73In focus
Scored from 4 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
102095756000
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), issuance of new shares through a third-party allotment, and offering of shares (offering through an over-allotment)

発行・処分する株式数

Public offering of new shares: 51,304,400 shares (domestic general offering: 21,804,400 shares; international offering: 29,500,000 shares). Issuance of new shares through a third-party allotment: 7,695,600 shares (maximum). Offering of shares: 7,695,600 shares

Intended allottee
Public offering: domestic underwriters and international underwriters. Third-party allotment: Not disclosed
Public offering issue price: ¥1,990 per share. Third-party allotment payment amount: ¥1,907.08 per share. Offering price: ¥1,990 per share
Total issue value

Public offering: ¥102,095,756,000. Third-party allotment: ¥14,676,124,848 (maximum)

Amount of funds to be raised
Total payment amount: public offering ¥97,841,595,152; third-party allotment ¥14,676,124,848 (maximum). Total estimated net proceeds: ¥111,565,720,000 (maximum)
Specific use of funds
Research and development in oncology, primarily clinical trials for enzomenib and nuvisertibAmount ¥30,000 million / Scheduled timing of expenditures By the end of March 2029
Research and development in neurodegenerative diseases and infectious diseasesAmount ¥10,000 million / Scheduled timing of expenditures By the end of March 2029
Investments and loans to RACTHERA and S-RACMOAmount ¥10,000 million / Scheduled timing of expenditures By the end of March 2029
Strategic investments in capital expenditures to strengthen production and quality systems, IT systems, and partnerships and licensing agreements relating to the development and sale of products manufactured by other companiesAmount ¥10,000 million / Scheduled timing of expenditures By the end of March 2029
Repayment of interest-bearing debtAmount Remaining amount / Scheduled timing of expenditures By the end of March 2029
発行済株式総数

Issuance of 51,304,400 new shares through the public offering and 7,695,600 new shares through the third-party allotment (maximum)

Offering structure
Underwriter / lead underwriter
Domestic underwriters and international underwriters (individual names: Not disclosed)
Overallotment
Shares offered: 7,695,600 shares. Maximum number of shares under the third-party allotment: 7,695,600 shares
Payment date
Public offering: 24 April 2026. Third-party allotment: 26 May 2026
Basis for determining the amount to be paid
The issue price of ¥1,990 was determined based on the closing price of ¥2,073 on 20 April 2026, applying a 4.00% discount
Details of issuance or disposal
ItemDetails
Type of issuance or disposalPublic offering of new shares (general offering), issuance of new shares through a third-party allotment, and offering of shares (offering through an over-allotment)
Number of shares to be issued or disposed ofPublic offering of new shares: 51,304,400 shares (domestic general offering: 21,804,400 shares; international offering: 29,500,000 shares). Issuance of new shares through a third-party allotment: 7,695,600 shares (maximum). Offering of shares: 7,695,600 shares
Issue price and disposal pricePublic offering issue price: ¥1,990 per share. Third-party allotment payment amount: ¥1,907.08 per share. Offering price: ¥1,990 per share
Total issue valuePublic offering: ¥102,095,756,000. Third-party allotment: ¥14,676,124,848 (maximum)
Amount of funds to be raisedTotal payment amount: public offering ¥97,841,595,152; third-party allotment ¥14,676,124,848 (maximum). Total estimated net proceeds: ¥111,565,720,000 (maximum)
Specific use of fundsDetails Research and development in oncology, primarily clinical trials for enzomenib and nuvisertib / Amount ¥30,000 million / Scheduled timing of expenditures By the end of March 2029, Details Research and development in neurodegenerative diseases and infectious diseases / Amount ¥10,000 million / Scheduled timing of expenditures By the end of March 2029, Details Investments and loans to RACTHERA and S-RACMO / Amount ¥10,000 million / Scheduled timing of expenditures By the end of March 2029, Details Strategic investments in capital expenditures to strengthen production and quality systems, IT systems, and partnerships and licensing agreements relating to the development and sale of products manufactured by other companies / Amount ¥10,000 million / Scheduled timing of expenditures By the end of March 2029, Details Repayment of interest-bearing debt / Amount Remaining amount / Scheduled timing of expenditures By the end of March 2029
Payment datePublic offering: 24 April 2026. Third-party allotment: 26 May 2026
Intended allotteePublic offering: domestic underwriters and international underwriters. Third-party allotment: Not disclosed
Total number of issued sharesIssuance of 51,304,400 new shares through the public offering and 7,695,600 new shares through the third-party allotment (maximum)
Basis for determining the amount to be paidThe issue price of ¥1,990 was determined based on the closing price of ¥2,073 on 20 April 2026, applying a 4.00% discount
Underwriter / lead underwriterDomestic underwriters and international underwriters (individual names: Not disclosed)
OverallotmentShares offered: 7,695,600 shares. Maximum number of shares under the third-party allotment: 7,695,600 shares
Items this document does not state (16)
Estimated issuance expensesIntended allottee's holding policyDilution RateExercise 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 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.

The company disclosed this information because the issue price, offering price and other terms have been determined. The proceeds are expected to be used for research and development in oncology and neurodegenerative diseases and infectious diseases, investments and loans for the regenerative medicine and cell therapy business, investments in production and quality systems, IT systems and partnerships, and repayment of interest-bearing debt.

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Notice Regarding the Determination of the Issue Price, Offering Price and Other Matters | Sumitomo Pharma Co.,Ltd. (4506) timely disclosure | Komori