Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<p>On Feb 14th, <a href="https://www.smartkarma.com/entities/nippon-rietec-co-ltd" target="_blank" data-smartkarma-citation="entities:20794:1" rel="noopener">Nippon Rietec (1938 JP)</a> <a href="https://www2.tse.or.jp/disc/19380/140120200131455296.pdf" target="_blank" data-saferedirecturl="https://www.google.com/url?q=http://www2.tse.or.jp/disc/43480/140120181121440082.pdf&amp;source=gmail&amp;ust=1543503062935000&amp;usg=AFQjCNFlZDxFSzqOJFC0VCEttkeTfjh1XA" rel="noopener">announced</a> (J-only) that the TSE had approved its application to move from the Second Section of the TSE to the First Section of the TSE as of 5th Mar 2020. Consequently, the company also declared a commemorative dividend of ¥3/share resulting in a change in full-year dividend forecast from ¥24/share to ¥27/share.</p><p>The company <em>also</em><a href="https://www2.tse.or.jp/disc/19380/140120200131455296.pdf" target="_blank" rel="noopener">simultaneously announced</a> a sale of 900,000 shares by four of its existing shareholders:  </p><table class="table table-striped"><tbody>
<tr>
<td style="width: 352.8px;">Shareholders</td>
<td style="width: 351.2px;">Quantity </td>
</tr>
<tr>
<td style="width: 352.8px;">Meiji Yasuda Life Insurance Company</td>
<td style="width: 351.2px;">300,000 shares</td>
</tr>
<tr>
<td style="width: 352.8px;">Mizuho Bank, Ltd.</td>
<td style="width: 351.2px;">200,000 shares</td>
</tr>
<tr>
<td style="width: 352.8px;">Mitsubishi UFJ Bank, Ltd.</td>
<td style="width: 351.2px;">200,000 shares</td>
</tr>
<tr>
<td style="width: 352.8px;">Sumitomo Mitsui Trust Bank, Limited</td>
<td style="width: 351.2px;">200,000 shares. </td>
</tr>
</tbody></table><p>There is also an over-allotment quantity of 135,000 shares. Together with the over-allotment, the total quantity of shares on offer will be 1,035,000 shares - <em>around 4% of Nippon Rietec's current shares outstanding</em>. </p><p>The price of this offering will be decided referenced to the closing price of the stock from 25th to 27th Feb 2019. Applications for this offering will be open for two business days following the date on which the selling price is determined. Shares will be delivered on 5th Mar 2020.</p><p>We estimate the size of the TOPIX inclusion to be 1.8mn-2.0mn shares. The size of this inclusion has significant implications to the stock price as we discuss below. </p>

On Feb 14th, Nippon Rietec (1938 JP) announced (J-only) that the TSE had approved its application to move from the Second Section of the TSE to the First Section of the TSE as of 5th Mar 2020. Consequently, the company also declared a commemorative dividend of ¥3/share resulting in a change in full-year dividend forecast from ¥24/share to ¥27/share.The company alsosimultaneously announced a sale of 900,000 shares by four of its existing shareholders:  

Shareholders
Quantity 


Meiji Yasuda Life Insurance Company
300,000 shares


Mizuho Bank, Ltd.
200,000 shares


Mitsubishi UFJ Bank, Ltd.
200,000 shares


Sumitomo Mitsui Trust Bank, Limited
200,000 shares. 

There is also an over-allotment quantity of 135,000 shares. Together with the over-allotment, the total quantity of shares on offer will be 1,035,000 shares - around 4% of Nippon Rietec's current shares outstanding. The price of this offering will be decided referenced to the closing price of the stock from 25th to 27th Feb 2019. Applications for this offering will be open for two business days following the date on which the selling price is determined. Shares will be delivered on 5th Mar 2020.We estimate the size of the TOPIX inclusion to be 1.8mn-2.0mn shares. The size of this inclusion has significant implications to the stock price as we discuss below. 

Nippon Rietec (1938) - SUPER Interesting Events Unfolding

Japan

NIPPON RIETEC CO., LTD. builds electrical facilities such as overhead wiring, signal, and power generation systems for railroad and utility companies.The Company also performs electrical works for infrastructure and buildings.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Nippon Rietec (1938) - SUPER Interesting Events Unfolding

On Feb 14th, Nippon Rietec (1938 JP) announced (J-only) that the TSE had approved its application to move from the Second Section of the TSE to the...

Travis Lundy