Union TOOL confirms share disposal number

TOKYO, May 15 (Pulse News Wire) – Union Tool Co. (6278.T) announced that the allocation of shares for its private placement of treasury stock was confirmed by Nomura Securities on April 6, 2026.

The total number of shares to be disposed is 270,000 (previously planned at 270,000). Subscriptions will take place on May 19, 2026, with payment due on May 20, 2026. The proceeds from this transaction, estimated at ¥4.222 billion, along with those from a concurrent public offering totaling ¥32.37 billion, will be allocated as follows: - ¥4.197 billion towards construction costs for the Niigata Sixth Factory by June 2027, - ¥1.953 billion for machinery installation at the Mikage Plant by December 2028, - ¥23.87 billion for equipment upgrades at the Niigata Plant by December 2028.

Any excess funds beyond the aforementioned allocations will be used for product research and development expenses by December 2027. Until their deployment, the funds will be managed appropriately within the company's bank accounts. This announcement pertains solely to the confirmation of the number of shares to be disposed through the private placement and does not constitute an investment solicitation.