Worth reading
63In focus
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
10640280
¥Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Acquisition and cancellation of all Series 1 Stock Acquisition Rights (Fixed Exercise Price Type)
Intended allottee
[Long Corridor Alpha Opportunities Master Fund: 1,784 units; MAP246 Segregated Portfolio: 442 units]
Amount of funds to be raised
Financing raised through the exercise of these stock acquisition rights: ¥0; estimated net proceeds: Not disclosed
Specific use of funds
[Total use of proceeds: ¥1,144 million (details and scheduled spending periods: Not disclosed in this document)]
Terms of the stock acquisition rights
Exercise price
Fixed exercise price type, but the initial exercise price and details of the adjustment provisions are Not disclosed
Exercise period
From 9 April 2024 to 8 April 2027
Number of Stock Acquisition Rights
Total issued: 2,800 units; exercised: 0 units; subject to acquisition and cancellation: 2,226 units; after acquisition and cancellation: 0 units
Stock Split Ratio6 shares for each common share; effective date: 1 August 2024
Procedures under the Corporate Code of Conduct
Resolution of the Board of Directors, pursuant to Article 273, Paragraph 2 of the Companies Act and Item 13 of the issuance terms for these stock acquisition rights
Most recent equity financing
[{"Date":"Disclosure dated 14 February 2025","Type":"Partial acquisition and cancellation of Series 1 Stock Acquisition Rights","Amount":"574 units"}]
Impact on Business Performance
Total acquisition cost: ¥10,640,280. The impact of this matter on the company's consolidated results for the fiscal year ending January 2027 is expected to be minor.
| Item | Details |
|---|---|
| Type of issuance or disposal | Acquisition and cancellation of all Series 1 Stock Acquisition Rights (Fixed Exercise Price Type) |
| Amount of funds to be raised | Financing raised through the exercise of these stock acquisition rights: ¥0; estimated net proceeds: Not disclosed |
| Specific use of funds | [Total use of proceeds: ¥1,144 million (details and scheduled spending periods: Not disclosed in this document)] |
| Intended allottee | [Long Corridor Alpha Opportunities Master Fund: 1,784 units; MAP246 Segregated Portfolio: 442 units] |
| Exercise price | Fixed exercise price type, but the initial exercise price and details of the adjustment provisions are Not disclosed |
| Exercise period | From 9 April 2024 to 8 April 2027 |
| Number of Stock Acquisition Rights | Total issued: 2,800 units; exercised: 0 units; subject to acquisition and cancellation: 2,226 units; after acquisition and cancellation: 0 units |
| Stock Split Ratio | 6 shares for each common share; effective date: 1 August 2024 |
| Procedures under the Corporate Code of Conduct | Resolution of the Board of Directors, pursuant to Article 273, Paragraph 2 of the Companies Act and Item 13 of the issuance terms for these stock acquisition rights |
| Most recent equity financing | [{"Date":"Disclosure dated 14 February 2025","Type":"Partial acquisition and cancellation of Series 1 Stock Acquisition Rights","Amount":"574 units"}] |
| Impact on Business Performance | Total acquisition cost: ¥10,640,280. The impact of this matter on the company's consolidated results for the fiscal year ending January 2027 is expected to be minor. |
Items this document does not state (17)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueEstimated issuance expensesPayment dateIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentMajor 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 need for the financing originally planned is expected to disappear because borrowings related to the M&A of subsidiary Eco-Kaku will be repaid with funds on hand and intra-group funds other than the proceeds from these stock acquisition rights. For future M&A and strategic alliances, the company determined that it would be more reasonable to consider an appropriate financing method once specific transactions and funding needs arise, and that eliminating the possibility of future dilution would also benefit shareholders.
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.