Hoosiers holdings confirms third-party share allotment to Mizuho Securities

Hoosiers Holdings announced the finalization of a third-party allotment of new shares, with Mizuho Securities Co., Ltd. subscribing to all 697,800 planned shares. This will increase the company's total issued shares to 41,766,775. The total amount to be paid is 834,931,656 yen, with 417,465,828 yen allocated to capital and another 417,465,828 yen to capital reserves. The subscription period concludes on September 25, 2025, with payment due on September 26, 2025.

The proceeds from this third-party allotment, combined with funds from a public offering and sale of treasury shares, will total 6,361,382,000 yen. These funds are earmarked for land acquisition and construction costs for senior condominiums by its core subsidiary, Hoosiers Corporation, by March 2027. This move aligns with the company's mid-term management plan to strengthen its real estate development business and expand its Continuing Care Retirement Community (CCRC) operations, aiming for stable growth and enhanced shareholder value in the expanding senior market.