Worth reading
78Important
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
854000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares through a third-party allotment
Who receives how much
854,000 shares (planned number of shares to be issued: 1,050,000 shares)
Nomura Securities Co., Ltd. (854,000 shares)
The lower thin line represents the existing number of shares to which these shares will be added.
¥2,484 per share
Total issue value
¥2,121,336,000
Amount of funds to be raised
Total amount to be paid in: ¥2,121,336,000; estimated net proceeds: ¥2,106,336,000
Estimated issuance expenses
¥15,000,000 (difference between the total amount to be paid in and estimated net proceeds)
Specific use of funds
Part of the capital expenditure funding for sponge titanium manufacturing equipment at the head office and Amagasaki Plant, for the purpose of expanding sponge titanium production capacity (total estimated net proceeds, including the public offering: ¥19,402,336,000)Amount Total estimated net proceeds of ¥19,402,336,000, including ¥2,106,336,000 from the third-party allotment / Scheduled timing of expenditures By the end of March 2028
Existing Shares and Increase
+1.95%Rate of increase
43,800,000 shares44,654,000Shares
1.95% (854,000 shares ÷ current total issued shares of 43,800,000)
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
Nomura Securities Co., Ltd.
Overallotment
Number of shares offered for sale: Not disclosed; maximum number of shares under the third-party allotment: 1,050,000 shares
Payment date
29 September 2026
Most recent equity financing
Public offering of new shares and third-party allotment of new shares approved on 25 August 2026 (this disclosure provides the amounts as ¥17,296,000,000 for the public offering and ¥2,121,336,000 for the third-party allotment)
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares through a third-party allotment |
| Number of shares to be issued or disposed of | 854,000 shares (planned number of shares to be issued: 1,050,000 shares) |
| Issue price and disposal price | ¥2,484 per share |
| Total issue value | ¥2,121,336,000 |
| Amount of funds to be raised | Total amount to be paid in: ¥2,121,336,000; estimated net proceeds: ¥2,106,336,000 |
| Estimated issuance expenses | ¥15,000,000 (difference between the total amount to be paid in and estimated net proceeds) |
| Specific use of funds | Details Part of the capital expenditure funding for sponge titanium manufacturing equipment at the head office and Amagasaki Plant, for the purpose of expanding sponge titanium production capacity (total estimated net proceeds, including the public offering: ¥19,402,336,000) / Amount Total estimated net proceeds of ¥19,402,336,000, including ¥2,106,336,000 from the third-party allotment / Scheduled timing of expenditures By the end of March 2028 |
| Payment date | 29 September 2026 |
| Intended allottee | Nomura Securities Co., Ltd. (854,000 shares) |
| Dilution Rate | 1.95% (854,000 shares ÷ current total issued shares of 43,800,000) |
| Total number of issued shares | 43,800,000 shares → 44,654,000 shares（1.95%） |
| Underwriter / lead underwriter | Nomura Securities Co., Ltd. |
| Overallotment | Number of shares offered for sale: Not disclosed; maximum number of shares under the third-party allotment: 1,050,000 shares |
| Most recent equity financing | Public offering of new shares and third-party allotment of new shares approved on 25 August 2026 (this disclosure provides the amounts as ¥17,296,000,000 for the public offering and ¥2,121,336,000 for the third-party allotment) |
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.Because Nomura Securities Co., Ltd., the intended allottee, notified the company that it would subscribe for part of the planned 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.