Third-Party Allotment of Class A Preferred Shares, Improvement of Financial Position, and Business Investment
First written in FY2019-Q3. 1 of 5 entries say "Achieved", first in FY2019. Latest entry: 2026-04-10.
The whole theme swung hardest in 2025: 1 of 9 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2020Cited as achievedAnnual report
「During the previous consolidated fiscal year, the company raised ¥15.0 billion through private placements to two entities whose general partners are corporations advised by Integral Corporation, enabling it to strengthen shareholders' equity that had been impaired by deteriorating earnings from the ethylene production facilities project for the United States.」
The company has again cited the ¥15.0 billion private placement conducted in the previous fiscal year as an achievement in strengthening impaired shareholders' equity. - FY2019AchievedAnnual report
「Payment for this private placement was made on 6 March 2019, following approval at the extraordinary general meeting of shareholders.」
The company completed the private placement of 20,270,300 Class A preferred shares totaling ¥15.0 billion on 6 March 2019. It moved to the stage of using the proceeds for the recovery of net assets through an increase in capital surplus, business development, IoT, research and development, digital transformation in EPC, and strengthening the corporate infrastructure. - FY2019-Q3First statedAnnual report
「The outline of the issuance of Class A preferred shares is as follows. (1) Payment period: 13 February 2019 to 29 March 2019 (2) Type and number of new shares issued: Class A preferred shares, 20,270,300 shares (3) Issue price: ¥740 per share (4) Total issue price: ¥15,000,022,000 (7) Offering or allocation method: Private placement (8) Scheduled allot**tees:** Integral Team Investment Business Limited Liability Partnership, 17,576,600 shares Innovation Alpha Team L.P., 2,693,700 shares (9) Use of funds: ① Business development and investment to expand the business portfolio ② Promotion of plant operation and maintenance support services using IoT ③ Promotion of research and development and elemental technology development ④ Promotion of digital transformation in EPC execution operations ⑤ Improvement of administrative operations and strengthening of the corporate infrastructure To improve the company's financial position at an early stage and secure distributable amounts, and to prepare for agile and flexible capital policies going forward, the amounts of stated capital and capital reserve will each be reduced and transferred to other capital surplus.」
The company entered into an agreement for a private placement of 20,270,300 Class A preferred shares totaling ¥15.0 billion, with Integral Team Investment Business Limited Liability Partnership and Innovation Alpha Team L.P. as the scheduled allottees. Payment was scheduled for between 13 February and 29 March 2019. The funds will be used for financial strengthening, business development, IoT, research and development, digital transformation in EPC, and improvements to administrative operations, among other purposes. Reductions in stated capital and capital reserve were also scheduled, subject to payment and other conditions.