NIPPON CHEMI-CON CORPORATION [6997.T]
TOKYO, Mar 27 (Pulse News Wire) – NIPPON CHEMI-CON CORPORATION (6997.T) resolved today to issue new shares through a third-party allocation method. The company plans to issue a total of ¥6 billion C-type preferred shares and ¥3 billion D-type preferred shares to Japan Policy Investment Bank.
Payment for the issuance is expected on June 29, 2026 for C-type shares and June 29, 2026, for D-type shares. Additionally, the company intends to reduce its capital and reserve funds post-issuance on June 29, 2026, contingent upon the completion of the share issuance. Furthermore, the company will acquire and cancel all outstanding A-type preferred shares based on Article 5, Paragraph 2, Item 7 of its Articles of Incorporation, effective June 29, 2026.
The issuance of these new shares is aimed at securing growth funding for investments in emerging sectors while maintaining a healthy financial foundation. The company expects this move to contribute positively to its mid-to-long-term enterprise value and shareholder returns. Recent performance highlights show operating profits of ¥12.94 billion, ordinary profits of ¥10.99 billion, and net income attributable to shareholders of ¥2.273 billion for the fiscal year ending March 2025.
As of December 31, 2025, the number of issued common shares stands at 24,698,450.
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