Kawasaki & Co., Ltd.
Supplementary Explanatory Materials on Issuance of the First and Second Stock Acquisition Rights Utilizing Treasury Shares
As part of funding growth investments under the medium-term plan, up to 400,000 treasury shares will be delivered via two issuances of stock acquisition rights to be allocated to the Kaizuka City project. Total amount is expected to be approximately 900 million yen, with a maximum dilution rate of about 18.78%. Use of funds is for construction and development of logistics facilities, with monetization expected from around mid-Fiscal Year 2028 onward.
Key Figures
- Total Investment Amount: approx. 37 hundred million yen
- Procurement Amount from These Stock Acquisition Rights: approx. 8.7 hundred million yen (total for 2 issuances)
- Number of Treasury Shares to be Delivered: 400,000 shares (maximum)
- Voting-right Dilution Rate: approx. 18.78%
AI要約
Background and Purpose
While executing approximately 3.7 billion yen of growth investments under the medium-term plan (FY2027–FY2029), funds will be allocated to the Kaizuka City Nishiki-cho project. As a funding method, two series of fixed-exercise-price stock acquisition rights will be issued and delivered using treasury shares, enabling capital procurement without issuing new shares. The objective is to expand the revenue base of the lease and warehouse business and to improve EPS and PBR over the long term.
Impact on Shareholders and Future Outlook
This scheme assumes a voting-right dilution of approximately 18.78% if all rights are exercised. Exercise of the stock acquisition rights aims for staged fundraising timed to share price appreciation, and whether they will be exercised at this time is uncertain. Fundraising through delivery of treasury shares is structured to avoid dilution of the total number of shares through new share issuance while maintaining financial soundness.
Kawasaki & Co., Ltd.
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