Chubu Steel Plate Co., Ltd.
Notice Regarding Stock Offering
Chubu Steel Plate Co., Ltd. has resolved to offer 1,637,100 shares of common stock in the fiscal year ending March 2026. The offering price will be determined based on the closing prices from March 5 to March 10, 2026, aiming to improve liquidity and expand the investor base.
Key Figures
- Number of Offered Shares (Underwriters’ Purchase): 1,637,100 shares
- Over-Allotment Option Shares (Maximum): 240,000 shares
- Offering Price Determination Period: March 5 to March 10, 2026
AI要約
Overview of the Stock Offering
Chubu Steel Plate Co., Ltd. resolved at the Board of Directors meeting held on February 25, 2026, to offer 1,637,100 shares of its common stock. The sellers consist of multiple major shareholders, and the offering price will be determined based on the Tokyo Stock Exchange’s closing prices during March 5 to 10, 2026. The offering will be conducted via underwriters’ purchase agreements, with SMBC Nikko Securities Inc. serving as lead manager. Additionally, an over-allotment option of up to 240,000 shares is planned depending on demand.
Purpose of the Offering and Impact on Shareholders
The purpose of the offering is to secure funding for business development and contribution to a circular society through stable supply of environmentally conscious products using resource recycling, as well as to enhance capital efficiency and strengthen shareholder returns. The company is engaged in discussions with major shareholders aiming to increase the free float ratio to meet TOPIX liquidity criteria. The lock-up period is 180 days from the offering price determination date, with some major shareholders agreeing to sales restrictions. The prospectus will be provided via electronic delivery.
Chubu Steel Plate Co., Ltd.
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