Worth reading
64In focus
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
1398182000
¥Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of Treasury Shares Through a Third-Party Allotment
Who receives how much578,000Shares
578,000 common shares (treasury shares)
East Japan Railway Company (578,000 shares)
The lower thin line represents the existing number of shares to which these shares will be added.
¥2,419 per share
Total issue value
¥1,398,182,000
Amount of funds to be raised
Total amount paid in: ¥1,398,182,000; estimated net proceeds: ¥1,391,582,000
Estimated issuance expenses
Estimated issuance expenses: ¥6,600,000
Specific use of funds
R&D InvestmentAmount ¥1,391 million / Scheduled timing of expenditures August 2026 to May 2030
Payment date
6 August 2026
Basis for determining the amount to be paid
The higher of the Tokyo Stock Exchange closing price of ¥2,013 on 14 July 2026 and the Tokyo Stock Exchange closing price of ¥2,419 on the trading day immediately preceding the date on which the terms were determined. The discount/premium rate is not stated.
Procedures under the Corporate Code of Conduct
The Company obtained opinions from all 4 Audit & Supervisory Board Members, including 3 Outside Audit & Supervisory Board Members, that the disposal price does not constitute an amount particularly favorable to the planned allottee and is lawful.
| 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 | 578,000 common shares (treasury shares) |
| Issue price and disposal price | ¥2,419 per share |
| Total issue value | ¥1,398,182,000 |
| Amount of funds to be raised | Total amount paid in: ¥1,398,182,000; estimated net proceeds: ¥1,391,582,000 |
| Estimated issuance expenses | Estimated issuance expenses: ¥6,600,000 |
| Specific use of funds | Details R&D Investment / Amount ¥1,391 million / Scheduled timing of expenditures August 2026 to May 2030 |
| Payment date | 6 August 2026 |
| Intended allottee | East Japan Railway Company (578,000 shares) |
| Basis for determining the amount to be paid | The higher of the Tokyo Stock Exchange closing price of ¥2,013 on 14 July 2026 and the Tokyo Stock Exchange closing price of ¥2,419 on the trading day immediately preceding the date on which the terms were determined. The discount/premium rate is not stated. |
| Procedures under the Corporate Code of Conduct | The Company obtained opinions from all 4 Audit & Supervisory Board Members, including 3 Outside Audit & Supervisory Board Members, that the disposal price does not constitute an amount particularly favorable to the planned allottee and is lawful. |
Items this document does not state (17)
Intended allottee's holding policyDilution RateTotal number of issued sharesExercise 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 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.The Company determined that its recent share price appropriately reflects its objective corporate value at present. The Company also determined that this is a reasonable method that takes existing shareholders' interests into consideration and that the amount is not particularly favorable to the planned allottee.
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