GO Inc., the Tokyo-listed taxi-hailing app operator, said Nomura Securities took up 3,085,900 of the 3,546,000 new shares it offered in a third-party allotment, raising roughly ¥6.99bn at ¥2,268 a share. The cash is earmarked for GO's share of research and development on an autonomous-taxi project with Waymo LLC and Nihon Kotsu Co., Ltd., plus acquisitions in the taxi and logistics sectors.
The allotment isn't a new financing round so much as a mechanical follow-on to GO's listing. When the company floated on the Tokyo Stock Exchange's Growth market, underwriters ran an over-allotment sale of GO shares borrowed from shareholder Nihon Kotsu Holdings. This allotment to Nomura exists to return those borrowed shares, funded by newly issued stock rather than cash from Nihon Kotsu's own pocket.
Nomura didn't take the full 3,546,000 shares on offer: 460,100 shares went unsubscribed and were forfeited, with no replacement issuance to cover the shortfall.
| Item | Detail |
|---|---|
| Shares originally offered | 3,546,000 |
| Shares allotted to Nomura | 3,085,900 |
| Shares forfeited (unsubscribed) | 460,100 |
| Price per share | ¥2,268 |
| Gross proceeds | ¥6.99bn |
| Application date | July 14, 2026 |
| Payment date | July 15, 2026 |
The allotment lifts GO's outstanding share count to 81,417,300 from 78,331,400 as of June 30, and adds roughly ¥3.5bn each to capital and capital reserves. Shares settle on July 15.
On where the money goes: GO said the R&D portion covers its contribution to the Waymo and Nihon Kotsu autonomous-taxi implementation project, while the remaining proceeds are set aside for investments and acquisitions in companies operating in the taxi sector and in logistics solutions and delivery. If any of that capital sits unspent by the end of May 2029, GO says it will redirect it toward advertising and promotion aimed at winning new customers, rather than autonomous-driving development. Until deployed, the company plans to park the funds in low-risk financial instruments.
What the filing does not say matters as much as what it does. There is no breakdown of how much of the ¥6.99bn goes to Waymo-related research versus acquisitions, no named acquisition targets, and no closing timeline for any deal. The disclosure describes planned uses of proceeds, not completed spending or signed transactions. For a company whose investment case rests heavily on autonomous-taxi deployment timing, the size of the Waymo commitment and the pace of any logistics-sector buying remain to be confirmed in future filings.