Capital Strengthening to Eliminate Excess Liabilities
First written in FY2021-Q2. 16 of 17 entries say "Advanced", first in FY2021. Latest entry: 2026-10-20.
The whole theme swung hardest in 2020: 2 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- 2026-10-20AdvancedManagement Planning
「Ｃ種優先株式及び劣後ローンを優先的に償還し、配当・金利負担を低減することで、普通株主に帰属する利益の向上を図ります。」
資本増強中心の段階から、C種優先株式8億円の償還、劣後ローン5億円の返済及び有利子負債返済を含む財務健全化へ、資本政策を具体化した。 - FY2026AdvancedAnnual report
「The company resolved to issue Class E preferred shares and the 28th Series Stock Acquisition Rights through a private placement. They were issued on 3 October 2025, and payment of the issue price was completed on the same day. … Class E preferred shares: 1,500 shares; funds raised: ¥1,500,000,000 … Funds raised through the 28th Series Stock Acquisition Rights: ¥1,514,970,000」
The company raised ¥1.5 billion through Class E preferred shares and a maximum of approximately ¥1.515 billion through the 28th Series Stock Acquisition Rights, securing its financial base and investment capacity. - 2026-05-12AdvancedEarnings
「Financially, the company strengthened its capital base by ¥1.5 billion in October 2025 through an allotment of Class E preferred shares to Growth Partners Co., Ltd., while also working to stabilize its financial base by partially redeeming the higher-dividend Class C preferred shares.」
The company reported a ¥1.5 billion capital increase through Class E preferred shares and a partial redemption of Class C preferred shares. - FY2026-H1AdvancedAnnual report
「At an extraordinary general meeting of shareholders held on 30 September 2025, the company resolved to issue Class E preferred shares and the 28th Series Stock Acquisition Rights through a private placement. They were issued on 3 October 2025, and payment of the issue price was completed on the same day. … Class E preferred shares: 1,500 shares; funds raised: ¥1,500,000,000 … Funds raised through the 28th Series Stock Acquisition Rights: ¥1,514,970,000」
The company raised ¥1.5 billion through Class E preferred shares and a maximum of approximately ¥1.515 billion through the 28th Series Stock Acquisition Rights as part of its capital-strengthening measures. It also acquired 750 Class C preferred shares for a total of ¥787 million to reduce the preferred dividend burden. - FY2025AdvancedAnnual report
「For the 26th Series Stock Acquisition Rights, 10,000 rights were exercised during the consolidated fiscal year, 1,000,000 shares were delivered and ¥129 million was raised, bringing cumulative funds raised to ¥362 million.」
Exercise of the 26th Series Stock Acquisition Rights raised ¥129 million through 1 million shares during the fiscal year, bringing cumulative funds raised to ¥362 million. - FY2025-H1AdvancedAnnual report
「26th Series Stock Acquisition Rights Number of the bonds with stock acquisition rights and other instruments with an exercise-price adjustment clause exercised during the interim accounting period (units) 1,000 Number of shares delivered upon exercise of rights during the interim accounting period (shares) 100,000 Funds raised through exercise of rights during the interim accounting period (¥ millions) 12 Cumulative number of shares delivered under the bonds with stock acquisition rights and other instruments with an exercise-price adjustment clause as of the end of the interim accounting period (shares) 1,650,000 Cumulative funds raised under the bonds with stock acquisition rights and other instruments with an exercise-price adjustment clause as of the end of the interim accounting period (¥ millions) 244」
Exercise of the 26th Series Stock Acquisition Rights progressed, reaching 100,000 shares and ¥12 million during the interim accounting period, and 1,650,000 shares and ¥244 million cumulatively. - FY2024AdvancedAnnual report
「Issuance of new shares through exercise of the 26th Series Stock Acquisition Rights: 1,550 thousand shares」
As part of measures to strengthen the financial base for renewed growth, exercise of the 26th Series Stock Acquisition Rights progressed, resulting in the issuance of 1,550 thousand common shares and funds raised of ¥232 million. - FY2024-Q2AdvancedAnnual report
「28 August 2023 (Note 1) Common shares 1,876,749 Common shares 42,647,682 Class C preferred shares 1,500 Class D preferred shares 4,500」
The conversion of Class D preferred shares on 28 August 2023 increased common shares by 1,876,749. - FY2024-Q1AdvancedAnnual report
「At a board meeting held on 12 May 2023, the company resolved to acquire all remaining 25th Series Stock Acquisition Rights with an exercise-price adjustment clause issued on 20 May 2021 and cancel them immediately after acquisition, and completed their acquisition and cancellation on 22 May 2023. During the first quarter, the number of issued shares increased by 2,390,222 as a result of the conversion of Class D preferred shares.」
The conversion of Class D preferred shares, as part of the capital-strengthening measures, increased common shares by 2,390,222. The company also completed the acquisition and cancellation of the remaining 25th Series Stock Acquisition Rights. - FY2023AdvancedAnnual report
「The total number of common shares increased by 4,017,311 based on conversion requests from holders of Class D shares.」
Conversion requests for Class D preferred shares increased common shares by 4,017,311 during the fiscal year. The 25th Series Stock Acquisition Rights raised ¥431 million cumulatively, and the remaining rights were acquired and cancelled on 22 May 2023 after the filing date. - FY2023-Q3AdvancedAnnual report
「During the third quarter, the number of issued shares increased by 2,705,481 as a result of the conversion of Class D preferred shares.」
The conversion of Class D preferred shares increased common shares by 2,705,481 during the quarter. The 25th Series Stock Acquisition Rights had been exercised 24,404 times cumulatively, with 2,440,400 cumulative shares delivered and cumulative funds raised of ¥431 million. - FY2023-Q1AdvancedAnnual report
「30 June 2022 Common shares 357,703 Common shares 34,721,103 Class C preferred shares 1,500 Class D preferred shares 4,500 - 316 - 216 (Note) The increase resulted from conversion requests for Class D preferred shares.」
The company disclosed that conversion requests for Class D preferred shares increased common shares by 357,703, resulting in capital stock of ¥316 million and capital reserves of ¥216 million. - FY2022-Q3AdvancedAnnual report
「Number of shares delivered upon exercise of rights during the quarter (shares) 745,800 Funds raised through exercise of rights during the quarter (¥ millions) 124 Cumulative number of shares delivered under the bonds with stock acquisition rights and other instruments with an exercise-price adjustment clause as of quarter-end (shares) 2,434,000 Cumulative funds raised under the bonds with stock acquisition rights and other instruments with an exercise-price adjustment clause as of quarter-end (¥ millions) 430」
The exercise of the 25th Series Stock Acquisition Rights resulted in the issuance of 745,800 shares and raised ¥124 million during the quarter, bringing cumulative funds raised to ¥430 million. - FY2022-Q2AdvancedAnnual report
「Total net assets increased by ¥7,355 million from the end of the previous consolidated fiscal year to ¥2,875 million, mainly because the issuance of Class C preferred shares through a private placement increased capital stock and capital reserves by ¥750 million each, the conversion of debt held by financial institutions into equity increased each by ¥2,250 million, the exercise of the 25th Series Stock Acquisition Rights with an exercise-price adjustment clause increased each by ¥153 million, and the recording of ¥1,045 million in net income attributable to owners of the parent increased retained earnings.」
Capital raising through Class C preferred shares, Class D preferred shares and the 25th Series Stock Acquisition Rights, together with debt-to-equity conversions, was reflected in net assets of ¥2,875 million and an equity ratio of 28.3%. - FY2022-Q1AdvancedAnnual report
「On 20 May 2021, the company received ¥1,500 million in payments for a private placement of Class C preferred shares to RKD Encourage Fund Investment Limited Partnership, ¥4,500 million in payments for a private placement of Class D preferred shares to Resona Bank, Limited, Mizuho Bank, Ltd., The Bank of Yokohama, Ltd., Sumitomo Mitsui Banking Corporation and the Tokyo Branch of Deutsche Bank, and ¥3 million in payments from the issuance of the 25th Series Stock Acquisition Rights through a private placement to Barclays Bank PLC.」
Regarding the capital strengthening previously projected at the end of the previous fiscal year, the company issued ¥1.5 billion in Class C preferred shares and ¥4.5 billion in Class D preferred shares, as well as the 25th Series Stock Acquisition Rights, giving concrete form to funding aimed at improving net assets and eliminating negative net worth. - FY2021AdvancedAnnual report
「In May 2021, the company completed major capital raising, including ¥1.5 billion through Class C preferred shares and ¥4.5 billion through the conversion of debt held by financial institutions into equity, and negative net worth is expected to be eliminated.」
To eliminate negative net worth, the company implemented ¥1.5 billion in Class C preferred shares and ¥4.5 billion in debt-to-equity conversions by financial institutions, giving concrete form to its capital-strengthening measures. - FY2021-Q2First statedAnnual report
「The company is pursuing capital-strengthening measures to eliminate its negative net worth, while also implementing the following measures.」
The company first explicitly stated its policy of pursuing capital strengthening as a measure to eliminate its negative net worth at the end of the second quarter.