Dilution from Third-Party Allotment to Nissan Motor Co., Ltd.
First written in FY2016. 2 of 6 entries say "Reframed", first in FY2025-H1. Latest entry: FY2026-H1.
Mitsubishi Motors moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2017: 17 of 34 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「NISSAN MOTOR CO.,LTD. 357,592,277 26.67」
NISSAN MOTOR CO.,LTD.’s ownership ratio was disclosed as 26.67%, confirming the transition from the previously disclosed capital structure in which it held more than 34% to the structure following the acquisition and cancellation of treasury shares. - FY2025-H1ReframedAnnual report
「Total number of shares to be acquired: 149,028,300 shares (10.02% of the total number of issued shares, excluding treasury shares)」
With respect to the capital structure following dilution from the private placement, a new capital policy was presented under which the Company would acquire some of the shares held by NISSAN MOTOR CO.,LTD. as treasury shares and cancel some of those shares. - FY2017RestatedAnnual report
「The increase of 506,620 thousand in the total number of issued common shares resulted from the issuance of new shares through a private placement to NISSAN MOTOR CO.,LTD.」
The issuance of 506,620 thousand shares through a private placement to NISSAN MOTOR CO.,LTD. and the resulting dilution were confirmed as part of the year-end share structure. - FY2017-Q2MaterialisedAnnual report
「The 506,620,577 new shares under this private placement were issued, and NISSAN MOTOR CO.,LTD. paid the total issue price of ¥237.3 billion.」
The planned private placement was completed, and dilution resulting from the issuance of new shares actually occurred. - FY2017-Q1AdvancedAnnual report
「Under this alliance agreement, the Company entered into a Strategic Alliance Agreement with NISSAN MOTOR CO.,LTD. dated 25 May 2016 (the “Alliance Agreement”). … The number of shares scheduled to be issued in this private placement is 506,620,577, and the total issue price is ¥237.3 billion.」
The subscription terms for NISSAN MOTOR CO.,LTD.’s private placement were specified under the Strategic Alliance Agreement, confirming the scheduled number of shares to be issued and the issue price. The share issue had not yet taken place. - FY2016First statedAnnual report
「The number of shares scheduled to be issued in the private placement to NISSAN MOTOR CO.,LTD. is 506,620,577. This will result in dilution of 51.5% relative to the total number of shares issued as of 31 March 2016, which was 983,661,919.」
The disclosure describes the number of shares scheduled to be issued through the private placement, the dilution rate relative to existing issued shares, and the potential effects on the dividend per share, voting rights ratio and share price.