-- Marumae (TYO:6264) will issue new shares and conduct secondary share offerings to fund semiconductor and FPD production capacity expansion, consumables business investments, and debt repayment tied to its acquisition of KM Aluminum, according to a Friday filing on the Tokyo Stock Exchange.
The company plans to issue 2 million new shares and dispose of 700,000 treasury shares through public offerings. It will also conduct secondary offerings totaling up to 1.4 million shares, including an over-allotment option.
Marumae expects to use about 2 billion yen for production equipment and capital expenditures in its precision components business by August 2028, while 1.5 billion yen will go toward production equipment and factory renovations for its functional materials business.
The remaining proceeds of about 2.35 billion yen will fund repayment of long-term borrowings by August 2027.
The company said the offerings will also improve share liquidity and support efforts to meet TOPIX index selection criteria by increasing its free-float ratio.