¥12.5 billion capital raising through a private placement of Class A preferred shares
First written in FY2021. 2 of 6 entries say "Achieved", first in FY2022-Q1. Latest entry: 2026-10-06.
The whole theme swung hardest in 2025: 1 of 9 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- 2026-10-06RestatedGovernance
「(Cash consideration acquisition provision) Article 10-6. On or after 28 June 2026, upon the arrival of a date separately specified by the Board of Directors of the company (the “Redemption Date”), the company may, regardless of the intention of the Class A preferred shareholders or Class A preferred registered share pledgees, acquire all or part of the Class A preferred shares in exchange for paying the Class A preferred shareholders or Class A preferred registered share pledgees the amount specified in paragraph (2), up to the distributable amount prescribed in Article 461, paragraph (2) of the Companies Act, after notifying them at least 2 weeks before the Redemption Date.」
The amended articles of incorporation effective 1 October 2026 continue to include a provision for the acquisition of Class A preferred shares for cash consideration. However, the articles disclosure alone does not confirm completion of the acquisition and cancellation, so the original canonical thread remains unchanged. - FY2026ReframedAnnual report
「To strengthen its financial position, the company issued 125 preferred shares on 28 June 2021 ... In light of improvements in the business environment surrounding the company and in its financial position ... the company decided to acquire all of the preferred shares from the 8 investors listed above and cancel them.」
Having completed the ¥12.5 billion capital raising through Class A preferred shares, the company is moving to reorganize its capital structure by acquiring and canceling all 125 shares on 29 June 2026, following the improvement in its financial position. - FY2022-Q1AchievedAnnual report
「At a meeting of its board of directors held on 13 May 2021, the company resolved to enter into share subscription agreements with Mizuho Bank, Ltd., Development Bank of Japan Inc., Meiji Yasuda Life Insurance Company, The Ogaki Kyoritsu Bank,Ltd., The 77 Bank,Ltd., Sompo Japan Insurance Inc., Fuyo General Lease Co.,Ltd. and Mizuho Leasing Company,Limited, and to issue Class A preferred shares with a total value of ¥12.5 billion through a private placement (the “Private Placement”). The payment procedures for the Private Placement were completed on 28 June 2021.」
The payment procedures for the private placement of 125 Class A preferred shares with a total value of ¥12.5 billion were completed on 28 June 2021, and the capital raising was carried out. - FY2021First statedAnnual report
「Class A preferred shares: 125 shares; ¥100,000,000 per share; amount of funds raised: ¥12,500,000,000」
The company disclosed a plan to raise ¥12.5 billion through a private placement of 125 Class A preferred shares to 8 financial institutions and other investors, with 28 June 2021 as the payment date. The proceeds will be used for labor-saving measures in the AC and HC businesses, site realignment, capital investment for new products and in-house production, and research and development investment.