Worth reading
67In focus
Scored from 3 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
174
¥ millionWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares through a third-party allotment (past issuance)
Specific use of funds
Marketing investment (CRM system investment and mass-media advertising investment)Amount ¥360 million / Scheduled timing of expenditures April 2021 to March 2028
Investment in Core SystemsAmount ¥224 million / Scheduled timing of expenditures April 2021 to March 2028
Capital expenditureAmount ¥560 million / Scheduled timing of expenditures April 2021 to March 2024 (expenditure completed)
Investment related to opening new branch offices (opening new branch offices, investment in trucks for new branch offices, and investment in sales vehicles for new branch offices)Amount ¥126 million / Scheduled timing of expenditures April 2022 to March 2026 (expenditure completed)
Repayment of BorrowingsAmount ¥165 million / Scheduled timing of expenditures April 2021 to June 2021 (expenditure completed)
Capital investment aimed at improving efficiencyAmount ¥100 million / Scheduled timing of expenditures March 2026 to March 2028
Most recent equity financing
Timing Dated 15 February 2021 / Type Issuance of new shares by third-party allotment / Amount Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares through a third-party allotment (past issuance) |
| Specific use of funds | Details Marketing investment (CRM system investment and mass-media advertising investment) / Amount ¥360 million / Scheduled timing of expenditures April 2021 to March 2028, Details Investment in Core Systems / Amount ¥224 million / Scheduled timing of expenditures April 2021 to March 2028, Details Capital expenditure / Amount ¥560 million / Scheduled timing of expenditures April 2021 to March 2024 (expenditure completed), Details Investment related to opening new branch offices (opening new branch offices, investment in trucks for new branch offices, and investment in sales vehicles for new branch offices) / Amount ¥126 million / Scheduled timing of expenditures April 2022 to March 2026 (expenditure completed), Details Repayment of Borrowings / Amount ¥165 million / Scheduled timing of expenditures April 2021 to June 2021 (expenditure completed), Details Capital investment aimed at improving efficiency / Amount ¥100 million / Scheduled timing of expenditures March 2026 to March 2028 |
| Most recent equity financing | Timing Dated 15 February 2021 / Type Issuance of new shares by third-party allotment / Amount Not disclosed |
Items this document does not state (25)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesPayment dateIntended allotteeIntended 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 RatioProcedures under the Corporate Code of ConductMajor 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.The CRM system investment was delayed because additional time was spent selecting a development vendor. For the mass-media advertising investment, the Company determined that a long-term, ongoing promotional campaign would be more effective than a short-term concentrated campaign. The core systems investment required more time for requirements definition, and it became apparent that the system would not be sufficiently robust at the originally planned amount. The plan to open new branch offices was discontinued, and the Company will instead strengthen its sales structure within its existing sales territories.
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.