Complementing the Machine Tools Product Offering and Expanding Globally Through a Subscription for New Shares Issued by OKK in a Third-Party Allotment
First written in FY2022-Q3. 1 of 2 entries say "Achieved", first in FY2022. Latest entry: FY2022.
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- FY2022AchievedAnnual report
「On 1 February 2022, we paid approximately ¥5.5 billion, the total issue price, in connection with the subscription of new shares issued through a third-party allotment by OKK Corporation (hereinafter, “OKK”), and completed the share subscription procedures.」
The subscription of OKK's third-party allotment has been completed, resulting in an ownership interest of 66.655%. The Group has entered the stage of pursuing product complementarity with Nidec Machine Tool, synergies in technology, production and sales, and global expansion. - FY2022-Q3First statedAnnual report
「This share subscription will enable complementary products in the machine tools field, an existing business of our Group. In particular, we expect synergies in the elemental technology development, manufacturing and sales activities of the machine tools business of Nidec Machine Tool, which joined the Group in August 2021.” “On 1 February 2022, we paid approximately ¥5.5 billion, the total issue price, in connection with the subscription of new shares issued through a third-party allotment by OKK Corporation (hereinafter, “OKK”), and completed the share subscription procedures.”」
The Group subscribed to OKK's third-party allotment for approximately ¥5.5 billion, resulting in an ownership interest of 66.655% after the subscription. It has newly described measures to create a full product lineup, expand production capacity and pursue global expansion by combining OKK's highly versatile machining centers with Nidec Machine Tool's large-scale machines and other products.