Worth reading
34Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
3570800
Shares (up to 4,106,300 shares including the over-allotment limit of 535,500 shares)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Secondary offering of shares (secondary offering through purchase underwriting by underwriters) and secondary offering through an over-allotment
Who receives how much
3,570,800 common shares. The secondary offering through an over-allotment is limited to 535,500 shares
Sumitomo Mitsui Trust Bank, Limited1,000,000 shares
Mitsui Sumitomo Insurance Company, Limited805,300 shares
Sumitomo Mitsui Banking Corporation745,700 shares
MUFG Bank, Ltd.417,000 shares
The Iyo Bank, Ltd.333,300 shares
Aichi Bank, Ltd.154,000 shares
The Sanju San Bank, Ltd.115,500 shares
The height of each bar represents the proportion of shares received by each allottee. The thin line below represents the number of existing shares to which these shares are added.
発行済株式総数
Not applicable (secondary offering of existing shares without the issuance of new shares)
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
For Sumitomo Mitsui Banking Corporation, a lock-up period beginning on the date on which the offering price and other terms are determined and ending on the 180th day after the settlement date for the secondary offering through purchase underwriting by underwriters
Conditions for lifting transfer restrictions
During the lock-up period, Sumitomo Mitsui Banking Corporation and the Company will not sell or issue the specified shares or otherwise conduct the specified transactions without the prior written consent of the joint lead managers. The joint lead managers may, at their discretion, waive the agreement
Offering structure
Underwriter / lead underwriter
Daiwa Securities Co. Ltd. and SMBC Nikko Securities Inc. (joint lead managers). The names of the underwriters are Not disclosed
Overallotment
535,500 offered shares (maximum). The maximum number of shares in the third-party allotment is Not disclosed (a greenshoe option will be granted to Daiwa Securities Co. Ltd.)
Intended allottee's holding policy
Not applicable (secondary offering)
Payment date
Not applicable (secondary offering)
Basis for determining the amount to be paid
The indicative range will be set at 0.90 to 1.00 times the closing price of the Company's common shares on the Tokyo Stock Exchange on the date on which the offering price and other terms are determined, with the final price to be determined after taking demand and other factors into consideration
Procedures under the Corporate Code of Conduct
Resolution of the Board of Directors pursuant to Article 370 of the Companies Act and Article 26 of the Company's Articles of Incorporation
| Item | Details |
|---|---|
| Type of issuance or disposal | Secondary offering of shares (secondary offering through purchase underwriting by underwriters) and secondary offering through an over-allotment |
| Number of shares to be issued or disposed of | 3,570,800 common shares. The secondary offering through an over-allotment is limited to 535,500 shares |
| Payment date | Not applicable (secondary offering) |
| Intended allottee | Name Sumitomo Mitsui Trust Bank, Limited / Number of Shares 1,000,000 shares, Name Mitsui Sumitomo Insurance Company, Limited / Number of Shares 805,300 shares, Name Sumitomo Mitsui Banking Corporation / Number of Shares 745,700 shares, Name MUFG Bank, Ltd. / Number of Shares 417,000 shares, Name The Iyo Bank, Ltd. / Number of Shares 333,300 shares, Name Aichi Bank, Ltd. / Number of Shares 154,000 shares, Name The Sanju San Bank, Ltd. / Number of Shares 115,500 shares |
| Intended allottee's holding policy | Not applicable (secondary offering) |
| Dilution Rate | Not applicable (secondary offering of existing shares without the issuance of new shares) |
| Basis for determining the amount to be paid | The indicative range will be set at 0.90 to 1.00 times the closing price of the Company's common shares on the Tokyo Stock Exchange on the date on which the offering price and other terms are determined, with the final price to be determined after taking demand and other factors into consideration |
| Transfer restriction period | For Sumitomo Mitsui Banking Corporation, a lock-up period beginning on the date on which the offering price and other terms are determined and ending on the 180th day after the settlement date for the secondary offering through purchase underwriting by underwriters |
| Conditions for lifting transfer restrictions | During the lock-up period, Sumitomo Mitsui Banking Corporation and the Company will not sell or issue the specified shares or otherwise conduct the specified transactions without the prior written consent of the joint lead managers. The joint lead managers may, at their discretion, waive the agreement |
| Underwriter / lead underwriter | Daiwa Securities Co. Ltd. and SMBC Nikko Securities Inc. (joint lead managers). The names of the underwriters are Not disclosed |
| Overallotment | 535,500 offered shares (maximum). The maximum number of shares in the third-party allotment is Not disclosed (a greenshoe option will be granted to Daiwa Securities Co. Ltd.) |
| Procedures under the Corporate Code of Conduct | Resolution of the Board of Directors pursuant to Article 370 of the Companies Act and Article 26 of the Company's Articles of Incorporation |
Items this document does not state (16)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationStock Split RatioMost recent equity financingMajor 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.Following discussions with the financial institutions holding the Company's shares amid efforts to review cross-shareholdings, agreement was reached on the sale of the shares. The Company intends to expand its shareholder base and diversify its shareholder composition through the offering.
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.