Worth reading
71In focus
Scored from 2 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
500
million yenWording
Conditional
How definitive the wording is.Details of issuance or disposal
First Series Stock Acquisition Rights issued through a third-party allotment (change in the use of proceeds from the previously announced issuance)
Amount of funds to be raised
Cumulative proceeds of ¥309 million; estimated net proceeds after expenses: Not disclosed
Specific use of funds
Purchase and sale of gold bullionAmount ¥1,351 million / Scheduled timing of expenditures December 2025 to December 2027
Purchase of Ethereum (ETH)Amount ¥1,351 million / Scheduled timing of expenditures December 2025 to December 2027
Equity investmentsAmount ¥500 million / Scheduled timing of expenditures April 2026 to December 2027
Funds for additional acquisitions during market downturns and working capitalAmount ¥1,373 million / Scheduled timing of expenditures December 2025 to December 2027
Most recent equity financing
Offering of First Series Stock Acquisition Rights to be issued through a third-party allotment dated 20 November 2025 (total proceeds of ¥4,575 million)
Impact on Business Performance
The impact on the Company's consolidated results for the fiscal year ending March 2027 is expected to be immaterial.
| Item | Details |
|---|---|
| Type of issuance or disposal | First Series Stock Acquisition Rights issued through a third-party allotment (change in the use of proceeds from the previously announced issuance) |
| Amount of funds to be raised | Cumulative proceeds of ¥309 million; estimated net proceeds after expenses: Not disclosed |
| Specific use of funds | Details Purchase and sale of gold bullion / Amount ¥1,351 million / Scheduled timing of expenditures December 2025 to December 2027, Details Purchase of Ethereum (ETH) / Amount ¥1,351 million / Scheduled timing of expenditures December 2025 to December 2027, Details Equity investments / Amount ¥500 million / Scheduled timing of expenditures April 2026 to December 2027, Details Funds for additional acquisitions during market downturns and working capital / Amount ¥1,373 million / Scheduled timing of expenditures December 2025 to December 2027 |
| Most recent equity financing | Offering of First Series Stock Acquisition Rights to be issued through a third-party allotment dated 20 November 2025 (total proceeds of ¥4,575 million) |
| Impact on Business Performance | The impact on the Company's consolidated results for the fiscal year ending March 2027 is expected to be immaterial. |
Items this document does not state (23)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueEstimated issuance expensesPayment dateIntended allotteeIntended 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 CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMajor 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 price volatility risks associated with gold bullion and Ethereum have materialized, prompting a review of the business strategy. The Company intends to diversify its asset portfolio and enhance risk management by adding equities.
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.