The Company issued private placement bonds on September 28, 2012. The terms and conditions of the issuance, the current status of the Company, and the direction the Company should take are as follows.
1. Terms and Conditions of Issuance, etc.
|
Trustee/underwriting financial institutions |
The Hachijuni Bank, Ltd. |
|
Type |
Private Placement Bonds to Support Regional Development (Jointly guaranteed by The Hachijuni Bank, Ltd. and Nagano Prefecture Credit Guarantee Association) |
|
Amount |
100,000,000円 |
|
period |
5年 |
|
purpose for which money is spent |
working capital |
2. Current state of our company
Since our establishment in 1951, we have been delivering a wide range of products to our customers, earning a high reputation for our outstanding precision processing technology.
In the mid-1960s, we shifted our focus from mass production to technology, which led to our current system of high-mix low-volume production.
We will continue to make further efforts to repay our customers' trust with the best technology and sincerity, and aim to contribute to the local community.
3. Direction to be pursued
The Company will raise funds through this private placement in order to more actively engage in community contribution activities along with the purpose of investing in human resources, such as enhancing employee benefits and allowances and education, in order to resolve the shortage of human resources.