DMG Mori's board resolved on August 12 to issue 15,000,000 new common shares through a public offering in overseas markets centred on Europe and Asia, excluding the United States and Canada. The Nara-based machine-tool maker expects the sale to raise roughly ¥48.5bn before costs, and about ¥48.2bn after roughly ¥300mn in issuance expenses. The new shares lift the outstanding total from 142,325,934 to 157,325,934.
The price has not been set. Under a bookbuilding process akin to Japan Securities Dealers Association rules, the company will fix terms on either August 12 or 13, using 90 to 100 percent of that day's Tokyo Stock Exchange closing price as the indicative range. Mizuho International plc is acting as active bookrunner and joint lead manager, SMBC Bank International plc as passive bookrunner and joint lead manager, and Citigroup Global Markets Limited as co-manager. Payment is due August 27, with delivery the following day.
DMG Mori has earmarked the proceeds against five specific projects.
| Use | Amount | Timing |
|---|---|---|
| Nagaoka plant integration (Niigata) | ¥15.0bn | Facility to start operations in January 2027 |
| Poland plant casting-parts insourcing | ¥14.0bn | By the fiscal year ending December 2028 |
| Chicago R&D and solutions centre | ¥6.0bn | By the first half of 2027 |
| Key-component production capacity | ¥3.2bn | By the fiscal year ending December 2028 |
| M&A and alliance standby fund | ¥10.0bn | No fixed date; held for future deals |
Any funds not deployed by the end of that fiscal year would go toward repaying interest-bearing debt instead. The company frames the raise partly as a refinancing move: despite funding capex, DMG Mori says it will treat the equity sale as part of its capital structure and plans to fully redeem its 4th Perpetual Subordinated Bonds at its option.
The offering also carries lock-up terms. President Masahiko Mori, a company shareholder, has agreed not to sell DMG Mori shares during a period that begins on the day the offering price is set and runs through the 180th day after the shares are delivered, unless Mizuho International plc consents in writing. The company itself accepted a matching restriction on issuing new shares or convertible securities during that window, with carve-outs for this offering, stock splits, and existing stock-based compensation and option plans. No stabilization trading will accompany the sale.
The filing that formally anchors this story in EDINET's records is mostly paperwork: an amended shelf registration statement, filed the same day, that simply folds the extraordinary report into the reference documents for DMG Mori's existing ¥50bn corporate-bond shelf, which still carries ¥33bn of unused capacity through January 2027. That shelf is unrelated to this equity raise; the funding vehicle here is new stock, not new bonds.