FIXER Cancels EVO FUND Warrants, Drops ¥1.63bn Financing Plan

FIXER Inc., the Tokyo Growth-market software company (5129), told the Tokyo Stock Exchange on September 10, 2026, that it will buy back and cancel every remaining stock acquisition right it issued to EVO FUND under a warrant program dated December 29, 2025. The move, effective September 30, removes 2,762,000 potential new shares of dilution and closes out a financing plan originally sized at ¥2.03bn.

FIXER had raised only ¥399.7mn of that total through warrant exercises before deciding to stop. Canceling the rights means the remaining ¥1.63bn will not be raised through this program. The buyback itself costs the company just ¥743,460, matched to what EVO FUND originally paid for the rights, and FIXER says the effect on the year ending August 2027 will be negligible.

The company's stated reason is that Sovereign GaiXer, the product these funds were meant to build, is now built. FIXER said the business has moved from development into selling the product, which changes what kind of money it needs. Rather than raise a lump sum against uncertain future costs, FIXER now plans to spend as orders come in, weighing profitability project by project. The use-of-funds table it filed reflects that switch: the original plan spread spending across procurement, development, sales promotion and advertising through August 2027, while the revised version shows only the amount already spent on product procurement, with no fixed schedule for anything beyond that.

FIXER stressed that scrapping the warrants does not mean it is pulling back on Sovereign GaiXer, which it still calls a mid-term growth priority. Future spending will be decided case by case; if external funding is needed, FIXER says it will weigh borrowing and other financing methods, including further equity, based on capital cost, financial impact and dilution to existing shareholders at the time. Updated earnings guidance is due alongside full annual results on October 14, 2026.