TOKYO, Jun 15 (Pulse News Wire) – Kuramoto CO.,LTD. (5216.T) announced today that its board of directors decided to acquire and cancel all outstanding eighth tranche subscription rights certificates currently held by 11 allottees.
The exercise price per share of these rights exceeds the current stock price level, making their exercise unlikely. As a result, the company plans to utilize funds raised through previous issues for existing operations and research and development activities. In conjunction with this decision, the company revised its funding allocation plan. Specifically, the reduction in anticipated funds due to the cancellation of the eighth tranche rights will be offset by adjusting the operational and research and development budgets for the robotics division.
Operational funding for the robotics division will decrease from ¥330 million to ¥0, while research and development funding will drop from ¥356 million to ¥161 million. Additionally, the company intends to allocate funds raised from recent equity issuances towards ensuring sufficient working capital for ongoing businesses such as base operations and semiconductor ventures. It also aims to promote sales expansion efforts and introduce new products like the toilet cleaning robot earlier than planned. The changes reflect Kuramoto's strategy to boost revenue and profitability through enhanced operations and product launches, which could potentially increase the company’s stock price and encourage further exercise of remaining subscription rights from the fifth to seventh tranches.
Regarding the updated funding allocation: - Equipment investment in Pero Busu Kite Taiyou Denchi Jigyou: ¥615 million from April 2025 to December 2027 - Operating expenses for Pero Busu Kite Taiyou Denchi Jigyou: ¥152 million from July 2025 to December 2026 - Research and development for robotics: ¥161 million from September 2025 to December 2026 - EC (electronic commerce) operating expenses: ¥100 million from July 2025 to December 2027 - AI high-speed camera equipment and operating expenses: ¥98 million from July 2025 to December 2027 - Electronic dimming equipment and operating expenses: ¥99 million from July 2025 to December 2027 - Solar panel recycling joint venture establishment costs: ¥100 million from July 2025 to December 2026 - Equipment investment in Pero Busu Kite Taiyou Denchi Jigyou: ¥252 million from January 2027 to December 2027 The company expects the impact on group performance to be minor but will promptly disclose any significant effects.
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