Dilution from a Third-Party Allotment Capital Increase and Becoming a Parent Company
First written in FY2016. 1 of 3 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2017-Q2.
The whole theme swung hardest in 2017: 17 of 34 companies on the "Worse" side.
2 other companies' latest entry also says "Dropped".
- FY2017-Q2DroppedAnnual report
「Because 55,000,000 common shares of the company were issued through a private placement on 5 July 2016, the risk concerning dilution of shares disclosed in the annual securities report for the preceding fiscal year has ceased to apply.」
The company expressly states that the previously disclosed risk of share dilution ceased to apply because the private placement of 55,000,000 shares had been completed. - FY2017-Q1MaterialisedAnnual report
「As payment for the shares issued through the private placement to 健康コーポレーション株式会社 (current name: RIZAPグループ株式会社) was completed, the company became the parent company of the company on 5 July 2016. On 5 July 2016, the company also conducted a private placement of new shares to 健康コーポレーション株式会社 (current name: RIZAPグループ株式会社), issuing 55,000,000 shares.」
Payment for the scheduled private placement of 55,000,000 shares was completed, and RIZAPグループ became the parent company. The previously identified risks of dilution of existing shares and the company becoming a subsidiary materialized. - FY2016First statedAnnual report
「The number of common shares to be issued through this private placement is 55,000,000 shares, representing dilution of the existing shares equivalent to 171.62% of the 32,047,071 issued shares of the company as of 31 March 2016, and 180.60% of the 304,541 voting rights, based on 550,000 voting rights attached to the new shares.」
The company discloses the dilution of existing shares from the private placement of 55 million shares to 健康コーポレーション, and the risk that the company will become its subsidiary when its voting interest is expected to reach 64.36%. As of the filing date, the shares were scheduled to be issued; the disclosure does not state that the transaction had been completed.