Worth reading
70In focus
Scored from 3 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
800
¥ millionWording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of Series 28 Stock Acquisition Rights through a third-party allotment (change in the use of proceeds from the already-issued rights)
Intended allottee
GP 上場企業出資投資事業有限責任組合 (allottee of the already-issued Stock Acquisition Rights)
Specific use of funds
Redemption of Class C Preferred SharesAmount ¥800 million / Scheduled timing of expenditures March 2027 to March 2028
M&A for business expansionAmount ¥714 million / Scheduled timing of expenditures October 2026 to March 2031
Procedures under the Corporate Code of Conduct
The company consulted with GP 上場企業出資投資事業有限責任組合, the allottee, and obtained its consent to the change in the use of proceeds.
Most recent equity financing
Timing 12 August 2025 / Type Issuance of Class E Preferred Shares and Series 28 Stock Acquisition Rights through a third-party allotment / Amount Not disclosed
Impact on Business Performance
The impact on consolidated results for the fiscal year ending March 2027 will be minor.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of Series 28 Stock Acquisition Rights through a third-party allotment (change in the use of proceeds from the already-issued rights) |
| Specific use of funds | Details Redemption of Class C Preferred Shares / Amount ¥800 million / Scheduled timing of expenditures March 2027 to March 2028, Details M&A for business expansion / Amount ¥714 million / Scheduled timing of expenditures October 2026 to March 2031 |
| Intended allottee | GP 上場企業出資投資事業有限責任組合 (allottee of the already-issued Stock Acquisition Rights) |
| Procedures under the Corporate Code of Conduct | The company consulted with GP 上場企業出資投資事業有限責任組合, the allottee, and obtained its consent to the change in the use of proceeds. |
| Most recent equity financing | Timing 12 August 2025 / Type Issuance of Class E Preferred Shares and Series 28 Stock Acquisition Rights through a third-party allotment / Amount Not disclosed |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending March 2027 will be minor. |
Items this document does not state (22)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesPayment dateIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMajor 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.The change is intended to optimize the capital structure and redeem the Class C Preferred Shares, which carry a high cost of capital, thereby eliminating approximately ¥63 million in annual preferred dividends, increasing earnings attributable to common shareholders, and avoiding additional dilution in the future. A certain amount of funding will continue to be secured for M&A as an important growth strategy.
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.