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TYO:6141

4 stories mentioning TYO:6141Updated 37d ago

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Asia

Japanese Stocks Rise On Weak US Inflation Data; Oil Falls

Japanese stocks continued momentum to end in the green on Thursday after US inflation data showed cooling price pressures, easing expectations of a Federal Reserve rate hike next month.The benchmark Nikkei 225 closed up 784.53 points, or 1.16%, at 68,308.59.Oil prices slipped on weak demand forecasts and rising US crude inventories, even as the deadlock over a possible US-Iran deal and a roadmap to open the Strait of Hormuz persisted.On the corporate side, DMG Mori (TYO:6141) plans to raise 50.24 billion yen by issuing 15 million new shares through an international offering, according to a Tokyo Stock Exchange filing on Thursday.Also, Hikari Tsushin (TYO:9435) posted a 30% year-over-year increase in attributable profit for the fiscal first quarter to 36.7 billion yen from 28.2 billion yen.

Nikkei 225TYO:6141TYO:9435
Asia

DMG Mori to Raise 50 Billion Yen Via Share Offering

DMG Mori (TYO:6141) plans to raise 50.24 billion yen by issuing 15 million new shares through an international offering, according to a Tokyo Stock Exchange filing on Thursday.The new shares, with an issue price of 3,349 yen apiece, will increase the company's total number of issued shares to 157.3 million from 142.3 million.The proceeds will be used to fund plant expansion and potential mergers and acquisitions, with payment due Aug. 27 and delivery scheduled for Aug. 28.

TYO:6141
Asia

DMG Mori Plans 48.2 Billion Yen Share Offering to Fund Expansion

DMG Mori (TYO:6141) has resolved to launch a 15-million-share international offering, with estimated net proceeds of 48.2 billion yen, according to a Tokyo bourse filing on Wednesday.The funds will be allocated to capital expenditures at its Nagaoka and Poland plants, a new R&D and Solution Center in Chicago, enhanced production of key components, and 10 billion yen in reserve for future M&A opportunities.The offering will be priced through a bookbuilding process at a discount of 0-10% to the closing price on the pricing date, with payment due Aug. 27 and delivery on Aug. 28, and no underwriting fees will be paid to the underwriters.Major shareholder Masahiko Mori and the company have agreed to a 180-day lock-up period following the delivery date, while no stabilization transactions will be conducted in connection with the offering.

TYO:6141
Asia

DMG Mori's Finalizes Terms for 10 Billion Yen Bonds

DMG Mori (TYO:6141) has finalized the terms for its Sixth Perpetual Subordinated Bonds, totaling 10 billion yen with an original interest rate of 3.632% per annum.The bonds, which have no fixed redemption date, will be executed on June 4, and allow the company to defer interest payments at its discretion, according to a Tokyo bourse filing on Friday.Optional redemption of the entire principal becomes available on June 4, 2031, and on subsequent interest payment dates thereafter.The subordinated bonds rank below general debts but above common stock in payment priority, and carry a BBB rating from Rating and Investment Information.Proceeds will be fully used to redeem the company's Fourth series of perpetual subordinated bonds on Aug. 31, with Mizuho Securities, Nomura Securities, and SMBC Nikko Securities acting as underwriters.

TYO:6141

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