Komori
Share Issuance and Disposal6997NIPPON CHEMI-CON CORPORATIONElectrical Equipment and Precision Instruments

Notice Concerning the Exercise by Class B Shareholders of Their Right to Request the Acquisition of Class B Shares in Exchange for Common Shares

A holder of Class B shares partially exercised its right to request acquisition in exchange for common shares, resulting in the conversion of 901 Class B shares into 988,996 common shares. The number of common shares will increase, and the Class B shares are scheduled to be cancelled.

Worth reading
63In focus
Scored from 3 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
988996
Shares
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Delivery of common shares upon the exercise of rights to request acquisition of Class B shares in exchange for common shares

Who receives how much

New shares 988,996 shares / Treasury shares Not disclosed

Japan Industrial Solutions Fund III, L.P.988,996 shares

The lower thin line represents the existing number of shares to which these shares will be added.

Existing Shares and Increase
+4.00%Rate of increase
24,698,450 shares25,687,446Shares

Approximately 4.00% (988,996 common shares delivered relative to 24,698,450 common shares outstanding before the acquisition right became effective)

The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.

Categories and Number of Persons Covered
1 Class B shareholder (Japan Industrial Solutions No. 3 Investment Limited Partnership)
Payment date
Not applicable (date of exercise of the acquisition right: 11 May 2026)
Most recent equity financing
Issuance of class shares through a third-party allotment and issuance of common shares through a third-party allotment dated 10 October 2023 (specific amount not stated in this document)
Details of issuance or disposal
ItemDetails
Type of issuance or disposalDelivery of common shares upon the exercise of rights to request acquisition of Class B shares in exchange for common shares
Number of shares to be issued or disposed ofNew shares 988,996 shares / Treasury shares Not disclosed
Payment dateNot applicable (date of exercise of the acquisition right: 11 May 2026)
Intended allotteeName Japan Industrial Solutions Fund III, L.P. / Number of Shares 988,996 shares
Dilution RateApproximately 4.00% (988,996 common shares delivered relative to 24,698,450 common shares outstanding before the acquisition right became effective)
Total number of issued shares24,698,450 shares (common shares) → 25,687,446 shares (common shares)(Approximately 4.00%)
Categories and Number of Persons Covered1 Class B shareholder (Japan Industrial Solutions No. 3 Investment Limited Partnership)
Most recent equity financingIssuance of class shares through a third-party allotment and issuance of common shares through a third-party allotment dated 10 October 2023 (specific amount not stated in this document)
Items this document does not state (20)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyBasis for determining the amount to be paidExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMajor 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 holder of Class B shares exercised its right to request acquisition in exchange for common shares.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Concerning the Exercise by Class B Shareholders of Their Right to Request the Acquisition of Class B Shares in Exchange for Common Shares | NIPPON CHEMI-CON CORPORATION (6997) timely disclosure | Komori