Worth reading
73In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
5849528800
Yen (maximum aggregate estimated net proceeds)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of new shares through a public offering (domestic offering), Disposal of treasury shares through a public offering, Issuance of new shares through a third-party allotment (the third-party allotment), Secondary offering of shares (secondary offering through purchase and underwriting by the underwriters), Secondary offering (secondary offering through over-allotment)
発行・処分する株式数
New shares 2,000,000 shares through the public offering and 540,000 shares through the third-party allotment (maximum) / Treasury shares 700,000 shares
Intended allottee
Public offering A broad range of investors / Third-party allotment Name SMBC Nikko Securities Inc. / Number of Shares 540,000 shares (maximum)
To be determined on the pricing date. The indicative price range will be calculated by applying 0.90 to 1.00 to the closing price on the Tokyo Stock Exchange, with the final price determined after taking demand and other factors into consideration.
Amount of funds to be raised
Maximum total estimated net proceeds of ¥5,849,528,800 from the public offering and the third-party allotment. The individual breakdowns of the total issue price and estimated net proceeds are Not disclosed
Specific use of funds
Acquisition of production facilities and investment in production facilities for the precision components businessAmount ¥2,000,000,000 / Scheduled timing of expenditures By August 2028
Production facilities and factory renovation for the functional materials businessAmount ¥1,500,000,000 / Scheduled timing of expenditures By August 2028
Repayment of Long-Term BorrowingsAmount ¥2,349,528,800 / Scheduled timing of expenditures By August 2027
Existing Shares and Increase
+9.73%Rate of increase
26,106,000 shares28,646,000Shares
Approximately 9.73% at maximum (2,540,000 new shares ÷ 26,106,000 issued shares as of 8 May 2026)
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.
Conditions on transfer restrictions
Restricted stock is stock awarded as compensation that cannot be sold during a specified period, with the restrictions lifted once the applicable conditions are met.
Transfer restriction period
The lock-up period will begin on the pricing date and end on the 180th day from the settlement date of the public offering and related transactions.
Conditions for lifting transfer restrictions
With the prior written consent of SMBC Nikko Securities Inc. SMBC Nikko Securities Inc. may waive part or all of the agreement or shorten the period.
Offering structure
Underwriter / lead underwriter
An underwriting syndicate led by SMBC Nikko Securities Inc.
Overallotment
Up to 540,000 shares in the secondary offering and up to 540,000 shares in the third-party allotment
Stock Split RatioA two-for-one stock split, effective 1 April 2026
Intended allottee's holding policy
The third-party allotment subscriber is expected to make payment for the purpose of returning the borrowed shares related to the over-allotment. The selling shareholder, Shunichi Maeda (前田俊一), and shareholder, Misako Maeda (前田美佐子), will be subject to a lock-up through the 180th day from the settlement date.
Payment date
Public offering Any day between 25 May 2026 and 26 May 2026 / Third-party allotment Any day between 22 June 2026 and 23 June 2026
Basis for determining the amount to be paid
The indicative price range will be calculated by applying 0.90 to 1.00 to the closing price on the Tokyo Stock Exchange on the pricing date, or, if there is no closing price on that date, the closing price on the most recent trading day. The discount range is up to 10%.
Procedures under the Corporate Code of Conduct
Resolved at the Board of Directors meeting held on 8 May 2026. Not disclosed regarding obtaining an opinion from an independent third party and confirming shareholders' intentions
Most recent equity financing
No applicable matters.
Impact on Business Performance
The Company believes that applying the funds raised to the stated uses will contribute to further enhancing its corporate value.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares through a public offering (domestic offering), Disposal of treasury shares through a public offering, Issuance of new shares through a third-party allotment (the third-party allotment), Secondary offering of shares (secondary offering through purchase and underwriting by the underwriters), Secondary offering (secondary offering through over-allotment) |
| Number of shares to be issued or disposed of | New shares 2,000,000 shares through the public offering and 540,000 shares through the third-party allotment (maximum) / Treasury shares 700,000 shares |
| Issue price and disposal price | To be determined on the pricing date. The indicative price range will be calculated by applying 0.90 to 1.00 to the closing price on the Tokyo Stock Exchange, with the final price determined after taking demand and other factors into consideration. |
| Amount of funds to be raised | Maximum total estimated net proceeds of ¥5,849,528,800 from the public offering and the third-party allotment. The individual breakdowns of the total issue price and estimated net proceeds are Not disclosed |
| Specific use of funds | Details Acquisition of production facilities and investment in production facilities for the precision components business / Amount ¥2,000,000,000 / Scheduled timing of expenditures By August 2028, Details Production facilities and factory renovation for the functional materials business / Amount ¥1,500,000,000 / Scheduled timing of expenditures By August 2028, Details Repayment of Long-Term Borrowings / Amount ¥2,349,528,800 / Scheduled timing of expenditures By August 2027 |
| Payment date | Public offering Any day between 25 May 2026 and 26 May 2026 / Third-party allotment Any day between 22 June 2026 and 23 June 2026 |
| Intended allottee | Public offering A broad range of investors / Third-party allotment Name SMBC Nikko Securities Inc. / Number of Shares 540,000 shares (maximum) |
| Intended allottee's holding policy | The third-party allotment subscriber is expected to make payment for the purpose of returning the borrowed shares related to the over-allotment. The selling shareholder, Shunichi Maeda (前田俊一), and shareholder, Misako Maeda (前田美佐子), will be subject to a lock-up through the 180th day from the settlement date. |
| Dilution Rate | Approximately 9.73% at maximum (2,540,000 new shares ÷ 26,106,000 issued shares as of 8 May 2026) |
| Total number of issued shares | 26,106,000 shares → 28,646,000 shares（Approximately 9.73%） |
| Basis for determining the amount to be paid | The indicative price range will be calculated by applying 0.90 to 1.00 to the closing price on the Tokyo Stock Exchange on the pricing date, or, if there is no closing price on that date, the closing price on the most recent trading day. The discount range is up to 10%. |
| Transfer restriction period | The lock-up period will begin on the pricing date and end on the 180th day from the settlement date of the public offering and related transactions. |
| Conditions for lifting transfer restrictions | With the prior written consent of SMBC Nikko Securities Inc. SMBC Nikko Securities Inc. may waive part or all of the agreement or shorten the period. |
| Underwriter / lead underwriter | An underwriting syndicate led by SMBC Nikko Securities Inc. |
| Overallotment | Up to 540,000 shares in the secondary offering and up to 540,000 shares in the third-party allotment |
| Stock Split Ratio | A two-for-one stock split, effective 1 April 2026 |
| Procedures under the Corporate Code of Conduct | Resolved at the Board of Directors meeting held on 8 May 2026. Not disclosed regarding obtaining an opinion from an independent third party and confirming shareholders' intentions |
| Most recent equity financing | No applicable matters. |
| Impact on Business Performance | The Company believes that applying the funds raised to the stated uses will contribute to further enhancing its corporate value. |
Items this document does not state (9)
Total issue valueEstimated issuance expensesExercise priceExercise periodNumber of Stock Acquisition RightsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationMajor 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 purposes are to increase production capacity in the semiconductor and FPD fields and the consumables field, repay long-term borrowings, strengthen the financial base, improve the distribution of shares, and enhance liquidity.
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.