Raising growth capital through a public offering and the disposal of treasury shares
First written in FY2022. 1 of 3 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2023: 2 of 15 companies on the "Worse" side.
16 other companies' latest entry also says "Achieved".
- FY2023AchievedAnnual report
「Proceeds from the issuance of shares: ¥2,797 million; proceeds from the disposal of treasury shares: ¥1,337 million」
The company confirmed the completion of the growth financing through a public offering, third-party allotment and disposal of treasury shares as cash inflows for the current fiscal year. - FY2023-Q1AdvancedAnnual report
「Based on a resolution of the Board of Directors at its meeting held on 29 March 2022, the company completed the procedures for payments related to the issuance of new shares and disposal of treasury shares on 13 April and 10 May 2022, as well as the issuance of new shares through a third-party allotment to SMBC Nikko Securities Inc. As a result, during the first quarter of the current consolidated cumulative period, capital surplus increased by ¥2,797 million and treasury shares decreased by ¥2,790 million.」
The company completed payments for the issuance of new shares through a public offering and third-party allotment and the disposal of treasury shares, resulting in a ¥2,797 million increase in capital surplus and a ¥2,790 million decrease in treasury shares. The net proceeds are expected to be used for the expansion of production facilities for automotive and 5G-related applications. - FY2022First statedAnnual report
「The net proceeds from the financing are expected to be used primarily for capital expenditures, including the expansion of production facilities, to meet growing demand for crystal devices, mainly terminals for automotive applications and 5G-related applications, in line with the growth strategy set out in the new medium-term management plan.」
To strengthen its financial base after the redemption of the Class A shares and secure growth capital, the company conducted a public offering, a third-party allotment and the disposal of treasury shares, receiving ¥4,014 million from the public offering and ¥121 million from the third-party allotment.