Conducted fundraising through third-party allotment of stock acquisition rights. The 12th stock acquisition rights were allocated to EVO FUND with an exercise price adjustment clause for approximately 2.97 million yen; the 13th stock acquisition rights were allocated to Green Energy at a fixed exercise price for approximately 1.17 million yen. Total funds raised are approximately 388.414 million yen (excluding fees), to be allocated to growth investments such as AI data center business, live commerce, and pyrolysis carbonization equipment. Although dilution is substantial, the company attempts to control timing via staged exercise and acquisition clauses.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"3647","jir_company_name":"ASULINA Co.,Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-11-10","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/11\/3647-20261110-01.pdf","jir_short_summary":"Conducted fundraising through third-party allotment of stock acquisition rights. The 12th stock acquisition rights were allocated to EVO FUND with an exercise price adjustment clause for approximately 2.97 million yen; the 13th stock acquisition rights were allocated to Green Energy at a fixed exercise price for approximately 1.17 million yen. Total funds raised are approximately 388.414 million yen (excluding fees), to be allocated to growth investments such as AI data center business, live commerce, and pyrolysis carbonization equipment. Although dilution is substantial, the company attempts to control timing via staged exercise and acquisition clauses.","jir_summary":"### Overview of Fundraising\nThis IR details a fundraising through a third-party allotment of stock acquisition rights. The 12th stock acquisition rights are allocated to EVO FUND with an exercise price adjustment clause: total number 270,000 units, total subscription payments 2,970,000 yen, potential shares 27,000,000 shares, and a floor exercise price of 49 yen. The 13th stock acquisition rights are allocated to Green Energy at a fixed exercise price of 97 yen: total number 130,000 units, potential shares 13,000,000 shares, with no acquisition clause. Use of proceeds will include the AI data center business, live commerce, and pyrolysis carbonization equipment business.\n\n### Impact on Shareholders and Risks\nDilution could reach up to 40,000,000 shares (voting rights equivalent to 400,000 units), representing a large dilution rate of 178.65% (voting-rights basis 188.24%). However, the scheme is designed to disperse and suppress the timing of dilution through staged exercise, acquisition clauses, and setting a floor price. The company also plans to repurchase and cancel the 11th stock acquisition rights, aiming to strengthen the financial base while pursuing growth investments.","jir_financial_highlights":"Total amount of subscription payments: 3,884,140,000 yen (Unknown)\nTotal subscription payments for the 12th stock acquisition rights: 2,970,000 yen (Unknown)\nTotal subscription payments for the 13th stock acquisition rights: 1,170,000 yen (Unknown)","jir_category":"","jir_hashtags":"\u3010ASULINA Co.,Ltd.\u3011Third-Party Allotment, Capital Policy, Fundraising, AI Data Center, Live Commerce","jir_key_figures":"Total amount of subscription payments: 3,884,140,000 yen\nSubscription payments for the 12th stock acquisition rights: 2,970,000 yen\nSubscription payments for the 13th stock acquisition rights: 1,170,000 yen","jir_meta_title":"ASULINA Co.,Ltd. Announces Fundraising via Stock Acquisition Rights\uff5cNovember 2026","jir_meta_description":"ASULINA Co.,Ltd. announces issuance of stock acquisition rights through a third-party allotment. The 12th allotment is to EVO FUND and the 13th to Green Energy. Proceeds will be allocated to the AI data center, live commerce, and pyrolysis carbonization equipment businesses.","jir_og_title":"ASULINA Co.,Ltd. Announces Fundraising via Stock Acquisition Rights\uff5cNovember 2026","jir_og_description":"ASULINA Co.,Ltd. raises approximately 388.414 million yen through third-party allotment of stock acquisition rights. The 12th allotment is to EVO FUND with a floor price of 49 yen and adjustment clauses. Proceeds are intended for future growth investments.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":60995,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-147708","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n