Hamee subsidiary NE Corporation sets IPO terms for Tokyo listing

Hamee Corp. announced that its subsidiary, NE Corporation, has determined the terms for its new share issuance in connection with its listing on the Tokyo Stock Exchange. This follows Hamee's earlier decision to execute a spin-off of NE Corporation through a dividend in kind.

The new share issuance will consist of 500,000 NE common shares, with an additional 75,000 shares for a secondary offering via over-allotment and 75,000 shares for a third-party allotment. The issue price and offering price for these shares are set at JPY 750 per share.

Key dates include October 24, 2025, for the issue price determination, October 31, 2025, as the distribution record date, and November 1, 2025, as the effective date for the dividend in kind. NE Corporation is expected to be listed on the Tokyo Stock Exchange on November 4, 2025. Post-listing, NE will no longer be a consolidated subsidiary of Hamee Corp. from November 1, 2025.

Hamee Corp. confirmed that its full-year consolidated earnings forecast and dividend forecast for the fiscal year ending April 31, 2026, remain unchanged despite the spin-off, as previously communicated. The over-allotment secondary offering will be conducted by Mizuho Securities Co., Ltd.