Worth reading
34Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
435700
Shares (over-allotment capped at 65,300 shares)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Secondary offering of shares through an underwritten purchase by the underwriters and an over-allotment offering
発行・処分する株式数
435,700 common shares of the Company; the over-allotment offering is capped at 65,300 shares
Terms of the stock acquisition rights
Exercise period
The exercise deadline for the greenshoe option is 28 September 2026 (Monday).
Conditions on transfer restrictions
Restricted stock is stock awarded as compensation that cannot be sold during a specified period, with the restrictions lifted once the applicable conditions are met.
Transfer restriction period
From the date on which the offering price and other terms are determined until the 180th day after the settlement date of the secondary offering through an underwritten purchase by the underwriters
Conditions for lifting transfer restrictions
Prior written consent from Mizuho Securities Co., Ltd. Mizuho Securities Co., Ltd. may, at its discretion, waive the agreement even during the lock-up period.
Offering structure
Underwriter / lead underwriter
Mizuho Securities Co., Ltd.
Overallotment
65,300 shares offered through the over-allotment (maximum). The maximum number of the Company's common shares that may be acquired through the greenshoe option is also 65,300 shares.
Intended allottee's holding policy
Mizuho Bank, Ltd., the selling shareholder, and Kawanishi Tami (川西多美), Kawanishi Jiro (川西二郎) and Meiji Yasuda Life Insurance Company, the Company's shareholders, have agreed that during the lock-up period, beginning on the date on which the offering price and other terms are determined and ending on the 180th day after the settlement date, they will not sell or otherwise dispose of the Company's common shares without the prior written consent of Mizuho Securities Co., Ltd. However, Mizuho Securities Co., Ltd. may, at its discretion, waive the agreement.
Basis for determining the amount to be paid
The indicative price range will be set at 0.90 to 1.00 times the closing price on the Tokyo Stock Exchange on the date on which the offering price and other terms are determined, with the final price set after taking demand into consideration.
Impact on Business Performance
No impact of this secondary offering on the Company's results is stated.
| Item | Details |
|---|---|
| Type of issuance or disposal | Secondary offering of shares through an underwritten purchase by the underwriters and an over-allotment offering |
| Number of shares to be issued or disposed of | 435,700 common shares of the Company; the over-allotment offering is capped at 65,300 shares |
| Intended allottee's holding policy | Mizuho Bank, Ltd., the selling shareholder, and Kawanishi Tami (川西多美), Kawanishi Jiro (川西二郎) and Meiji Yasuda Life Insurance Company, the Company's shareholders, have agreed that during the lock-up period, beginning on the date on which the offering price and other terms are determined and ending on the 180th day after the settlement date, they will not sell or otherwise dispose of the Company's common shares without the prior written consent of Mizuho Securities Co., Ltd. However, Mizuho Securities Co., Ltd. may, at its discretion, waive the agreement. |
| Basis for determining the amount to be paid | The indicative price range will be set at 0.90 to 1.00 times the closing price on the Tokyo Stock Exchange on the date on which the offering price and other terms are determined, with the final price set after taking demand into consideration. |
| Exercise period | The exercise deadline for the greenshoe option is 28 September 2026 (Monday). |
| Transfer restriction period | From the date on which the offering price and other terms are determined until the 180th day after the settlement date of the secondary offering through an underwritten purchase by the underwriters |
| Conditions for lifting transfer restrictions | Prior written consent from Mizuho Securities Co., Ltd. Mizuho Securities Co., Ltd. may, at its discretion, waive the agreement even during the lock-up period. |
| Underwriter / lead underwriter | Mizuho Securities Co., Ltd. |
| Overallotment | 65,300 shares offered through the over-allotment (maximum). The maximum number of the Company's common shares that may be acquired through the greenshoe option is also 65,300 shares. |
| Impact on Business Performance | No impact of this secondary offering on the Company's results is stated. |
Items this document does not state (18)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allotteeDilution RateTotal number of issued sharesExercise priceNumber of Stock Acquisition RightsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor 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.Following confirmation of the intention of transaction banks to sell their shares, the Company aims to facilitate the orderly sale of the shares, improve market liquidity and restructure its shareholder base. It also intends to raise awareness, diversify its investor base and enhance corporate value.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.