Showa Sangyo plans secondary offering to boost liquidity, expand shareholder base

Showa Sangyo Co., Ltd. announced on November 28, 2025, a secondary offering of 3,236,000 common shares. The move aims to enhance liquidity and expand its individual shareholder base. Major financial institutions including The Chiba Bank, Ltd. (650,000 shares) and Mizuho Bank, Ltd. (649,900 shares) are among the sellers. The selling price will be determined between December 8 and December 11, 2025, based on market demand, at 0.90 to 1.00 times the Tokyo Stock Exchange closing price.

The company also outlined a secondary offering by way of over-allotment of up to 485,400 additional common shares, borrowed from certain shareholders. Nomura Securities Co., Ltd. will serve as the lead manager for both offerings, which seek to improve Showa Sangyo's enterprise value and sustainable growth. These offerings are part of the company's "SHOWA Next Stage for 2025" long-term vision.

A lock-up agreement is in place for 180 days from the delivery date, prohibiting major shareholders and Showa Sangyo from selling or issuing additional shares without Nomura Securities' consent, ensuring market stability.