Details of issuance or disposal
Acquisition and cancellation of the 2025 Series 2 Stock Acquisition Rights (with exercise price adjustment provisions)
10,000,000 common shares (100 common shares per stock acquisition right; number of underlying shares at issuance)
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,200,000 (total payment for the stock acquisition rights at issuance)
| Item | Details |
|---|---|
| Type of issuance or disposal | Acquisition and cancellation of the 2025 Series 2 Stock Acquisition Rights (with exercise price adjustment provisions) |
| Number of shares to be issued or disposed of | 10,000,000 common shares (100 common shares per stock acquisition right; number of underlying shares at issuance) |
| Issue price and disposal price | ¥12 per stock acquisition right (at issuance) |
| Total issue value | ¥1,200,000 (total payment for the stock acquisition rights at issuance) |
| Amount of funds to be raised | Total funds raised to date: ¥1,072 million (estimated net proceeds: Not disclosed) |
| Specific use of funds | Details Fund contributions to build AUM / Amount Not disclosed / Scheduled timing of expenditures Not disclosed, Details M&A funds for acquiring shares of KICホールディングス株式会社 / Amount Not disclosed / Scheduled timing of expenditures Not disclosed |
| Intended allottee | Name EVO FUND / Number of Shares 52,500 stock acquisition rights (number remaining and scheduled to be acquired and cancelled as of 27 July 2026) |
| Exercise price | Lower exercise price: ¥126. Details of the adjustment provisions and the adjustment floor: Not disclosed (this disclosure states only the lower limit) |
| Number of Stock Acquisition Rights | Total number issued: Not disclosed; exercised: 47,500; remaining: 52,500 (as of 27 July 2026) |
| Most recent equity financing | Timing 10 November 2025 / Type New shares issued through a third-party allotment, the 2025 Series 1 Stock Acquisition Rights (fixed exercise price), and the 2025 Series 2 Stock Acquisition Rights (with exercise price adjustment provisions) / Amount Not disclosed |
| Impact on Business Performance | The Company expects the acquisition and cancellation of the Series 2 Stock Acquisition Rights to have a limited impact on its results. If disclosure becomes necessary, the Company will promptly announce it. |
Items this document does not state (17)
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 share price fell sharply and has remained near the lower exercise price, progress has stalled in the exercise of the stock acquisition rights, and the Company no longer expects to raise the amount of funds originally planned, meaning that the method has lost its effectiveness as a means of financing. The Company also cites a significant downward revision to its earnings outlook and loss-making results, deterioration in the profitability of its investment and development business due to inflation and higher interest rates, and declines in crypto-asset prices as factors behind the fall in the share price.