Okamoto Machine Tool Works, Ltd.
Notice Regarding Partial Changes to the Use of Proceeds and Planned Expenditure Schedule for Capital Raised through Third-Party Allocation of New Shares
Reallocation of funds from a third-party allotment of shares. Significantly reduced the capital expenditure for the technology development building and showroom facilities, and instead left a portion of the funds as an undetermined allocation to strengthen the technology development and human resource base. Items already allocated are marked as allocated. Investment in Yamato Koki (④) has been postponed. Future utilizations for ⑤ and ⑥ are under consideration and undetermined. Impact on performance is estimated to be minor.
Key Figures
- ① New construction of the technology development building and showroom facilities: 1,731 million yen
- ② R&D investment for next-generation models: 1,500 million yen
- ③ Construction funds for automated warehouse building: 1,606 million yen
AI要約
Background and changes
With regard to the third-party allotment of shares disclosed publicly on May 22, 2024, the amount of funds for capital expenditure was greatly reduced from 5.7 billion yen to 1.73 billion yen. As an alternative, investments related to the technology development building and showroom were prioritized, and the timing of expenditures was adjusted reflecting delivery delays. Investment in Yamato Koki (④) was postponed, and future fund utilization for ⑤ and ⑥ remains undetermined while being managed.
Impact and outlook
The effect on current-term performance is expected to minor, but if additional disclosure is required, we will provide it promptly. Specific fund allocations for ⑤ and ⑥ are undetermined, and usage will be considered in light of business environment and growth strategy.
Okamoto Kōkō Kikai Seisakusho Co., Ltd.
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