Will Smart has completed payment for a third-party allotment that adds 669,600 common shares and brings in ¥449,971,200 in cash. The shares were issued at ¥672 each, with payment completed on June 1 after a board resolution on May 15.
The mechanics
The company named two subscribers. Zenrin Co., Ltd. received 520,800 shares, and Senyo Kogyo Co., Ltd. received 148,800 shares. Will Smart also said stated capital will increase by ¥224,985,600 and capital reserve by the same amount, giving readers the core balance-sheet treatment without guesswork.
That matters because this filing is about completion, not merely intention. The June 1 notice turns a previously approved financing into paid-in equity. It also points readers back to a May 15 notice on a capital and business alliance for fuller background, but the completion filing itself stays tightly focused on the money, the new shares and who received them.
What the notice does not settle
The company does not restate pre- and post-deal ownership percentages in the supplied filing, so the new issuance can be quantified in shares and yen, but not as a full public ownership picture. That is an important limit for anyone trying to infer exact dilution or control consequences from this notice alone.
A related same-day disclosure shows one immediate knock-on effect of the ¥672 issue price. Because that paid-in amount was below the exercise prices on several stock option series, Will Smart adjusted those strike prices effective June 1. The first series moved to ¥828 from ¥898, the third to ¥1,032 from ¥1,194, and the fourth and fifth to ¥692 from ¥700. The cash raised from the allotment is unchanged, but the terms for some future option exercises have already shifted.