On the 20th, Tensho Electrical Industries Co., Ltd. <6776> announced that its subsidiary, Mikasa America Corporation, will implement a third-party allocation of new shares with Mikasa as the assignee.

The planned amount of the capital increase is 3,300,000 USD, the planned number of newly issued shares is 3,300 shares, the planned number of issued and outstanding shares after the capital increase is 48,467 shares, the issue price per share is 1,000 USD, and the payment date is the end of August 2024.

The subscribers and the post-increase shareholding ratios are Tensho Electrical Industries with 27,100 shares (55.91%), Mikasa Real Estate with 18,067 shares (37.28%), and Mikasa with 3,300 shares (6.81%).