Worth reading
100Important
Scored from 1 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
40
¥ millionWording
Definitive
How definitive the wording is.Details of issuance or disposal
Change in the use of proceeds raised through the third-party allotment of the 3rd Series Unsecured Convertible Bonds with Stock Acquisition Rights and the 21st Stock Acquisition Rights
Amount of funds to be raised
Approximate net proceeds: ¥1,543 million
Specific use of funds
System costs associated with business alliances with LINE Yahoo Corporation and MercariAmount ¥200 million / Scheduled timing of expenditures December 2024 to March 2027
Inventory acquisition funding (the cost of purchasing used goods from customers under the business alliance with LINE Yahoo Corporation, the cost of purchasing used goods from customers under the business alliance with Mercari, and funds for purchases through existing channels (stores and online))Amount ¥1,078 million / Scheduled timing of expenditures December 2024 to March 2027
Funds for remodeling and reopening existing Daikokuya stores, expanding sales floors and other purposesAmount ¥40 million / Scheduled timing of expenditures October 2025 to March 2027
Working capital for the holding company (personnel expenses, rent, payment fees and other expenses)Amount ¥225 million / Scheduled timing of expenditures December 2024 to March 2027
Terms of the stock acquisition rights
Number of Stock Acquisition Rights
All of the stock acquisition rights have been exercised. The total number issued and the number remaining unexercised are Not disclosed
Most recent equity financing
Timing Dated 29 November 2024 / Type 3rd Series Unsecured Convertible Bonds with Stock Acquisition Rights and 21st Stock Acquisition Rights issued through a third-party allotment / Amount Approximate net proceeds: ¥1,543 million
Impact on Business Performance
The impact of this change in the use of proceeds on results for the fiscal year ending March 2027 is expected to be immaterial, and no change to the consolidated earnings forecast for the fiscal year ending March 2027 is expected.
| Item | Details |
|---|---|
| Type of issuance or disposal | Change in the use of proceeds raised through the third-party allotment of the 3rd Series Unsecured Convertible Bonds with Stock Acquisition Rights and the 21st Stock Acquisition Rights |
| Amount of funds to be raised | Approximate net proceeds: ¥1,543 million |
| Specific use of funds | Details System costs associated with business alliances with LINE Yahoo Corporation and Mercari / Amount ¥200 million / Scheduled timing of expenditures December 2024 to March 2027, Details Inventory acquisition funding (the cost of purchasing used goods from customers under the business alliance with LINE Yahoo Corporation, the cost of purchasing used goods from customers under the business alliance with Mercari, and funds for purchases through existing channels (stores and online)) / Amount ¥1,078 million / Scheduled timing of expenditures December 2024 to March 2027, Details Funds for remodeling and reopening existing Daikokuya stores, expanding sales floors and other purposes / Amount ¥40 million / Scheduled timing of expenditures October 2025 to March 2027, Details Working capital for the holding company (personnel expenses, rent, payment fees and other expenses) / Amount ¥225 million / Scheduled timing of expenditures December 2024 to March 2027 |
| Number of Stock Acquisition Rights | All of the stock acquisition rights have been exercised. The total number issued and the number remaining unexercised are Not disclosed |
| Most recent equity financing | Timing Dated 29 November 2024 / Type 3rd Series Unsecured Convertible Bonds with Stock Acquisition Rights and 21st Stock Acquisition Rights issued through a third-party allotment / Amount Approximate net proceeds: ¥1,543 million |
| Impact on Business Performance | The impact of this change in the use of proceeds on results for the fiscal year ending March 2027 is expected to be immaterial, and no change to the consolidated earnings forecast for the fiscal year ending March 2027 is expected. |
Items this document does not state (22)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueEstimated issuance expensesPayment dateIntended allotteeIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise priceExercise periodTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMajor shareholders after the offering
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 a review of the store strategy after the new management structure was put in place in December 2025, it was determined that the floor space of existing stores was not being fully utilized and operations were inefficient. Accordingly, through March 2027, priority will be given to remodeling and reopening existing stores and expanding sales floors, while new stores will be opened from the next fiscal year onward.
How to read this page
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