Worth reading
63In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
270000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of Treasury Shares Through a Third-Party Allotment
Who receives how much270,000Shares
270,000 treasury shares
Nomura Securities Co., Ltd.270,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥15,645.80 per share
Total issue value
¥4,224,366,000
Amount of funds to be raised
Total amount to be paid in: ¥4,224,366,000; estimated net proceeds: ¥4,221,966,000
Estimated issuance expenses
¥2,400,000 (calculated as the difference between the total amount to be paid in and the estimated net proceeds)
Specific use of funds
Construction costs for Nagaoka No. 6 PlantAmount ¥4,197,000,000 / Scheduled timing of expenditures By the end of June 2027
Capital expenditures for expanding machinery and equipment, including cutting-tool manufacturing equipment, at the Mitsuke PlantAmount ¥1,953,000,000 / Scheduled timing of expenditures By the end of December 2028
Capital expenditures for expanding machinery and equipment and other facilities at the Nagaoka Plant (cutting tool manufacturing equipment and other manufacturing equipment)Amount ¥23,866,000,000 / Scheduled timing of expenditures By the end of December 2028
The excess of total estimated net proceeds over the total amounts allocated above will be allocated to research and development expenses for cutting tool products and other productsAmount Excess amount / Scheduled timing of expenditures By the end of December 2027
Offering structure
Underwriter / lead underwriter
Nomura Securities Co., Ltd.
Overallotment
Number of shares offered and maximum number of shares in the third-party allotment: Not disclosed
Payment date
20 May 2026 (Wednesday)
Most recent equity financing
Timing 6 April 2026 / Type Disposal of treasury shares through a public offering (general offering) and disposal of treasury shares through a third-party allotment / Amount Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of Treasury Shares Through a Third-Party Allotment |
| Number of shares to be issued or disposed of | 270,000 treasury shares |
| Issue price and disposal price | ¥15,645.80 per share |
| Total issue value | ¥4,224,366,000 |
| Amount of funds to be raised | Total amount to be paid in: ¥4,224,366,000; estimated net proceeds: ¥4,221,966,000 |
| Estimated issuance expenses | ¥2,400,000 (calculated as the difference between the total amount to be paid in and the estimated net proceeds) |
| Specific use of funds | Details Construction costs for Nagaoka No. 6 Plant / Amount ¥4,197,000,000 / Scheduled timing of expenditures By the end of June 2027, Details Capital expenditures for expanding machinery and equipment, including cutting-tool manufacturing equipment, at the Mitsuke Plant / Amount ¥1,953,000,000 / Scheduled timing of expenditures By the end of December 2028, Details Capital expenditures for expanding machinery and equipment and other facilities at the Nagaoka Plant (cutting tool manufacturing equipment and other manufacturing equipment) / Amount ¥23,866,000,000 / Scheduled timing of expenditures By the end of December 2028, Details The excess of total estimated net proceeds over the total amounts allocated above will be allocated to research and development expenses for cutting tool products and other products / Amount Excess amount / Scheduled timing of expenditures By the end of December 2027 |
| Payment date | 20 May 2026 (Wednesday) |
| Intended allottee | Name Nomura Securities Co., Ltd. / Number of Shares 270,000 shares |
| Underwriter / lead underwriter | Nomura Securities Co., Ltd. |
| Overallotment | Number of shares offered and maximum number of shares in the third-party allotment: Not disclosed |
| Most recent equity financing | Timing 6 April 2026 / Type Disposal of treasury shares through a public offering (general offering) and disposal of treasury shares through a third-party allotment / Amount Not disclosed |
Items this document does not state (16)
Intended allottee's holding policyDilution RateTotal number of issued sharesBasis 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 prospective allottee, notified the company that it would subscribe for all of the planned number of shares to be disposed of.
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.