Worth reading
35Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
10028400
SharesWording
Conditional
How definitive the wording is.Details of issuance or disposal
Secondary offering of shares (underwritten secondary offering) and secondary offering through an over-allotment
Who receives how much
Secondary offering with underwriter purchase commitment 10,028,400 shares / Over-allotment offering 1,504,200 shares (maximum)
A broad range of investors10,028,400 shares
Investors for whom Nomura Securities Co., Ltd. is the selling shareholder1,504,200 shares (maximum)
The height of each bar represents the proportion of shares received by each allottee. The thin line below represents the number of existing shares to which these shares are added.
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
A lock-up period applicable to the selling shareholders and others, beginning on the date the offering price and other terms are determined and ending on the date that is 180 days from the settlement date of the underwritten offering.
Conditions for lifting transfer restrictions
During the lock-up period, no sale or other transfer of the Company's shares may be made without the underwriters' prior written consent. However, the underwriters may waive the agreement at their discretion.
Offering structure
Underwriter / lead underwriter
Nomura Securities Co., Ltd.Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.Morgan Stanley MUFG Securities Co., Ltd.Mizuho Securities Co., Ltd.Daiwa Securities Co., Ltd.
Overallotment
Number of shares offered 1,504,200 shares (maximum) / Maximum number of shares in a third-party allotment Not disclosed
Basis for determining the amount to be paid
The indicative price range will be 0.90 to 1.00 times the closing price for regular trading of the common shares on the Tokyo Stock Exchange on the date on which the offering price and other terms are determined, with the final price to be determined after taking demand and other factors into account.
| Item | Details |
|---|---|
| Type of issuance or disposal | Secondary offering of shares (underwritten secondary offering) and secondary offering through an over-allotment |
| Number of shares to be issued or disposed of | Secondary offering with underwriter purchase commitment 10,028,400 shares / Over-allotment offering 1,504,200 shares (maximum) |
| Intended allottee | Name A broad range of investors / Number of Shares 10,028,400 shares, Name Investors for whom Nomura Securities Co., Ltd. is the selling shareholder / Number of Shares 1,504,200 shares (maximum) |
| Basis for determining the amount to be paid | The indicative price range will be 0.90 to 1.00 times the closing price for regular trading of the common shares on the Tokyo Stock Exchange on the date on which the offering price and other terms are determined, with the final price to be determined after taking demand and other factors into account. |
| Transfer restriction period | A lock-up period applicable to the selling shareholders and others, beginning on the date the offering price and other terms are determined and ending on the date that is 180 days from the settlement date of the underwritten offering. |
| Conditions for lifting transfer restrictions | During the lock-up period, no sale or other transfer of the Company's shares may be made without the underwriters' prior written consent. However, the underwriters may waive the agreement at their discretion. |
| Underwriter / lead underwriter | Nomura Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Morgan Stanley MUFG Securities Co., Ltd., Mizuho Securities Co., Ltd., Daiwa Securities Co., Ltd. |
| Overallotment | Number of shares offered 1,504,200 shares (maximum) / Maximum number of shares in a third-party allotment Not disclosed |
Items this document does not state (20)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateTotal number of issued sharesExercise priceExercise periodNumber 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 offeringImpact on Business Performance
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.To provide shareholders proceeding with the reduction of their strategic shareholdings with an orderly opportunity to sell and mitigate the impact on the market price. The offering is also intended to review the shareholder composition, improve share liquidity and alleviate concerns about deterioration in supply and demand.
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.