Approximately ¥55 billion raised to support FULL ACTIVE mass production
First written in FY2018. 1 of 3 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2019.
4 other companies' latest entry also says "Other".
- FY2019Funding did not deliver the expected benefitsAnnual report
「However, as described above, shipment volumes of FULL ACTIVE™ fell short of the initially anticipated level and did not lead to an improvement in the Group's financial position.」
Regarding the initiative to raise approximately ¥55 billion in working capital for increased production of FULL ACTIVE and funds for capital investment, the company stated that shipments fell below expectations and that the initiative did not lead to an improvement in its financial position. - FY2019-Q1AdvancedAnnual report
「On 25 April 2018, the Company received payment for a third-party allotment from Nichia Corporation and overseas institutional investors. As a result, during the cumulative first-quarter period, stated capital and capital reserves each increased by ¥17,499 million. At the end of the first quarter, stated capital amounted to ¥114,362 million and capital surplus to ¥231,148 million.」
As part of the financing measures to increase shipments and production of FULL ACTIVE, we conducted a third-party allotment capital increase to Nichia Corporation and overseas institutional investors, increasing stated capital and the capital reserve by ¥17,499 million each. - FY2018First statedAnnual report
「On 30 March 2018, the Group announced total financing of approximately ¥55 billion through a third-party allotment of new shares and the transfer of assets related to the Nomi Plant. The Company expected a sharp increase in FULL ACTIVE™ shipments in the second half of the fiscal year ending March 2019, and this financing was undertaken to secure working capital for increased shipments and funding for the capital investment required to increase production.」
For the second half of the fiscal year ending March 2019, when a sharp increase in FULL ACTIVE shipments was expected, the company disclosed for the first time measures to raise approximately ¥55 billion through a private placement and the transfer of assets at the Nomi Plant.