Kokuyo's board resolved on 30 September 2026 to increase the capital of Synergy Investing ASIA Pte. Ltd., a wholly owned Singapore company set up for acquisitions. The amount was set at ¥28bn, and the increase is conditional: it will be carried out only after Vietnamese authorities grant approval.
What the money is for
The injection is meant to remit the funds needed to buy shares in Thien Long Group Corporation and Thien Long An Thinh Investment Corporation, among others. Kokuyo's board approved that share purchase on 4 December 2025. The new filing covers the funding step only. The capital increase is conditional on the Vietnamese approval, and the extraordinary report gives no date for it.
Amounts left open
The board fixed the sum in yen. The Singapore dollar figure will be set at the exchange rate on the day of remittance, and the post-increase capital is listed as undetermined, against S$1 before. The number of shares issued is also open, because it depends on price adjustments to the acquisition price and on finalisation at the time of payment. Kokuyo plans to subscribe to the entire increase, so its voting-rights share in the vehicle stays at 100%.
Why a filing was required
The increase lifts the vehicle's capital to at least one-tenth of Kokuyo's own, which makes it a specified subsidiary. Kokuyo filed its extraordinary report under Article 24-5, paragraph 4 of the Financial Instruments and Exchange Act, and Article 19, paragraph 2, item 3 of the related cabinet office ordinance. The effective date of the change is also undetermined, pending the Vietnamese approval.