Changes in the Use of Funds and Uncertainty Regarding Investment Effectiveness
First written in FY2017. 2 of 3 entries say "Raised", first in FY2021. Latest entry: FY2023.
0 other companies' latest entry also says "Raised".
- FY2023RaisedAnnual report
「The funds raised through the third-party allotment conducted in May 2023 are planned to be used for purposes including financing the construction of solar power plants for the renewable energy business. However, to respond flexibly to the rapidly changing operating environment, the funds may be allocated to uses other than those currently planned.」
For funds raised through the third-party allotment, the Company explicitly identifies financing for solar power plant construction as a new use while also stating that the funds may be used for purposes outside the plan. - FY2021RaisedAnnual report
「However, to respond flexibly to the rapidly changing operating environment, the funds may be allocated to uses other than those currently planned, such as financing the construction of solar power plants for the renewable energy business.」
In addition to costs for domestic and overseas expansion and land acquisition, the Company explicitly identifies the possible use of funds to finance construction of solar power plants for the renewable energy business. - FY2017First statedAnnual report
「However, to respond flexibly to the rapidly changing business environment, the Company may use the funds for purposes other than those currently planned. Even if the funds are used in accordance with the original plan, the Company may not achieve the expected investment benefits.」
The Company has newly disclosed the possibility that funds from a public offering and a third-party allotment may be redirected to uses outside the plan or may fail to produce the expected investment returns.